United Arab Emirates: Flywheels And Pulleys Market 2024

Flywheels And Pulleys Market Size in the United Arab Emirates

The flywheels and pulleys market in the United Arab Emirates skyrocketed to $X in 2021, jumping by 21% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +13.1% against 2014 indices. Flywheels and pulleys consumption peaked in 2021 and is likely to see gradual growth in years to come.

Flywheels And Pulleys Production in the United Arab Emirates

In value terms, flywheels and pulleys production expanded to $X in 2021 estimated in export price. Over the period under review, the total production indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.1% against 2019 indices. The growth pace was the most rapid in 2014 when the production volume increased by 64% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Flywheels And Pulleys Exports

Exports from the United Arab Emirates

In 2021, exports of flywheels and pulleys from the United Arab Emirates surged to X tons, growing by 33% on the year before. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 111% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, flywheels and pulleys exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 119%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Oman (X tons) was the main destination for flywheels and pulleys exports from the United Arab Emirates, with a 54% share of total exports. Moreover, flywheels and pulleys exports to Oman exceeded the volume sent to the second major destination, Zambia (X tons), fourfold. Nigeria (X tons) ranked third in terms of total exports with a 9.5% share.

From 2012 to 2021, the average annual growth rate of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Zambia (+66.5% per year) and Nigeria (-0.1% per year).

In value terms, Oman ($X) remains the key foreign market for flywheels and pulleys exports from the United Arab Emirates, comprising 59% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 7.2% share of total exports. It was followed by Zambia, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+19.0% per year) and Zambia (+71.9% per year).

Export Prices by Country

The average flywheels and pulleys export price stood at $X per ton in 2021, falling by -3.9% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, flywheels and pulleys export price decreased by -3.3% against 2018 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 60%. The export price peaked at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Nigeria ($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 Iran (+23.3%), while the prices for the other major destinations experienced more modest paces of growth.

Flywheels And Pulleys Imports

Imports into the United Arab Emirates

In 2021, the amount of flywheels and pulleys imported into the United Arab Emirates surged to X tons, increasing by 70% on 2020 figures. Overall, total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, flywheels and pulleys imports surged to $X in 2021. The total import value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Saudi Arabia (X tons) were the main suppliers of flywheels and pulleys imports to the United Arab Emirates, with a combined 40% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +59.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest flywheels and pulleys suppliers to the United Arab Emirates were Japan ($X), Germany ($X) and the United States ($X), together comprising 42% of total imports. These countries were followed by China, India, Italy, Turkey, Saudi Arabia, Thailand, the Netherlands, Spain and South Korea, which together accounted for a further 23%.

Saudi Arabia, with a CAGR of +35.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average flywheels and pulleys import price stood at $X per ton in 2021, with a decrease of -6.3% against the previous year. In general, the import price recorded a pronounced descent. The growth pace was the most rapid in 2016 when the average import price increased by 12%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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