United Arab Emirates: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in the United Arab Emirates

In 2021, after three years of decline, there was significant growth in the gear cutting machine market in the United Arab Emirates, when its value increased by 458% to $X. In general, consumption recorded a pronounced expansion. Gear cutting machine consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Gear Cutting Machine Production in the United Arab Emirates

In value terms, gear cutting machine production stood at $X in 2021 estimated in export price. Over the period under review, production saw a precipitous contraction. The most prominent rate of growth was recorded in 2019 with a decrease of -35.1%. Gear cutting machine production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Gear Cutting Machine Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of gear cutting, gear grinding or gear finishing machines decreased by -71.7% to X units, falling for the second year in a row after three years of growth. In general, exports, however, saw temperate growth. The pace of growth appeared the most rapid in 2013 with an increase of 342% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, gear cutting machine exports fell remarkably to $X in 2021. Overall, exports recorded a significant decrease. The pace of growth was the most pronounced in 2013 with an increase of 151% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Mozambique (X units) was the main destination for gear cutting machine exports from the United Arab Emirates, with a 23% share of total exports. Moreover, gear cutting machine exports to Mozambique exceeded the volume sent to the second major destination, Oman (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mozambique totaled -12.3%.

In value terms, Oman ($X) remains the key foreign market for gear cutting, gear grinding or gear finishing machines exports from the United Arab Emirates, comprising 49% of total exports. The second position in the ranking was taken by Mozambique ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled -22.8%.

Export Prices by Country

In 2021, the average gear cutting machine export price amounted to $X per unit, waning by -26% against the previous year. Over the period under review, the export price showed a significant decline. The pace of growth was the most pronounced in 2016 an increase of 58%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Oman (+15.6%), while the prices for the other major destinations experienced a decline.

Gear Cutting Machine Imports

Imports into the United Arab Emirates

In 2021, approx. X units of gear cutting, gear grinding or gear finishing machines were imported into the United Arab Emirates; reducing by -19.5% on 2020 figures. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 257% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, gear cutting machine imports dropped slightly to $X in 2021. Over the period under review, imports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2013 when imports increased by 248%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X units) was the main supplier of gear cutting machine to the United Arab Emirates, with a 112% share of total imports. It was followed by India (X units), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-14.3% per year) and Turkey (-32.4% per year).

In value terms, Saudi Arabia ($X), South Korea ($X) and Turkey ($X) were the largest gear cutting machine suppliers to the United Arab Emirates, together accounting for 67% of total imports.

In terms of the main suppliers, Saudi Arabia, with a CAGR of +17.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average gear cutting machine import price amounted to $X per unit, picking up by 19% against the previous year. Overall, the import price showed prominent growth. The growth pace was the most rapid in 2019 an increase of 180% against the previous year. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in years to come.

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 Saudi Arabia ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+81.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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