United Arab Emirates: Machinery Electrical Parts Market 2024

Machinery Electrical Parts Market Size in the United Arab Emirates

In 2022, after two years of growth, there was decline in the machinery electrical parts market in the United Arab Emirates, when its value decreased by less than 0.1% to $X. Overall, consumption recorded prominent growth. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Machinery Electrical Parts Production in the United Arab Emirates

In value terms, machinery electrical parts production shrank to $X in 2022 estimated in export price. Overall, production saw a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 72% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Machinery Electrical Parts Exports

Exports from the United Arab Emirates

Machinery electrical parts exports from the United Arab Emirates surged to X tons in 2022, rising by 79% against 2021. In general, exports continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2016 when exports increased by 84%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, machinery electrical parts exports rose markedly to $X in 2022. Over the period under review, exports, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2013 when exports increased by 56%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Rwanda (X tons) and Mozambique (X tons) were the main destinations of machinery electrical parts exports from the United Arab Emirates.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mozambique (with a CAGR of +77.1%).

In value terms, Mozambique ($X) emerged as the key foreign market for electrical parts of machinery or apparatus exports from the United Arab Emirates, comprising 86% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 14% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Mozambique totaled +74.9%.

Export Prices by Country

In 2022, the average machinery electrical parts export price amounted to $X per ton, declining by -37.2% against the previous year. Overall, the export price saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the average export price increased by 42%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mozambique ($X per ton), while the average price for exports to Rwanda totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Libya (+270.9%), while the prices for the other major destinations experienced more modest paces of growth.

Machinery Electrical Parts Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of electrical parts of machinery or apparatus increased by 23% to X tons, rising for the sixth year in a row after three years of decline. Over the period under review, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 174%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, machinery electrical parts imports rose sharply to $X in 2022. In general, total imports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -14.0% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 64%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Sri Lanka (X tons) was the main machinery electrical parts supplier to the United Arab Emirates, with a 98% share of total imports. It was followed by Mozambique (X tons), with a 1.8% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Sri Lanka amounted to +1,150.6%.

In value terms, Sri Lanka ($X) constituted the largest supplier of electrical parts of machinery or apparatus to the United Arab Emirates, comprising 95% of total imports. The second position in the ranking was taken by Mozambique ($X), with a 5.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Sri Lanka stood at +811.0%.

Import Prices by Country

The average machinery electrical parts import price stood at $X per ton in 2022, with a decrease of -14% against the previous year. In general, the import price recorded a deep reduction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 89%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mozambique ($X per ton), while the price for Sri Lanka stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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