United Arab Emirates: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in the United Arab Emirates

The market for equipment for scaffolding, shuttering, propping or pit propping in the United Arab Emirates contracted rapidly to $X in 2021, declining by -99.2% against the previous year. Overall, consumption saw a dramatic contraction. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in the United Arab Emirates

In value terms, scaffolding, shuttering, and propping equipment production expanded notably to $X in 2021 estimated in export price. Over the period under review, production recorded a slight increase. The pace of growth appeared the most rapid in 2019 with an increase of 112% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from the United Arab Emirates

In 2021, shipments abroad of equipment for scaffolding, shuttering, propping or pit propping was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a mild increase. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2021. In general, total exports indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from the United Arab Emirates, with a 45% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to the UK exceeded the volume sent to the second major destination, Saudi Arabia (X tons), threefold. Oman (X tons) ranked third in terms of total exports with a 4.6% share.

From 2012 to 2021, the average annual growth rate of volume to the UK stood at +9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-8.0% per year) and Oman (-9.8% per year).

In value terms, the UK ($X) remains the key foreign market for equipment for scaffolding, shuttering, propping or pit propping exports from the United Arab Emirates, comprising 41% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 10% share of total exports. It was followed by the United States, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK stood at +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-10.8% per year) and the United States (-3.1% per year).

Export Prices by Country

In 2021, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, rising by 11% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded decline in supplies from abroad of equipment for scaffolding, shuttering, propping or pit propping, which decreased by -8.7% to X tons in 2021. Over the period under review, imports saw a pronounced slump. The pace of growth appeared the most rapid in 2015 when imports increased by 164%. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports amounted to $X in 2021. In general, imports showed a noticeable shrinkage. The growth pace was the most rapid in 2015 when imports increased by 88%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Oman (X tons) were the main suppliers of scaffolding, shuttering, and propping equipment imports to the United Arab Emirates, together comprising 64% of total imports. Saudi Arabia, Kuwait, Germany, Austria, Egypt, the United States, Singapore and Turkey lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Egypt (with a CAGR of +83.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constituted the largest supplier of equipment for scaffolding, shuttering, propping or pit propping to the United Arab Emirates, comprising 27% of total imports. The second position in the ranking was taken by China ($X), with a 13% share of total imports. It was followed by Saudi Arabia, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-10.5% per year) and Saudi Arabia (+29.8% per year).

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, surging by 13% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by 37%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+11.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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