United Arab Emirates: Market for Gearboxes and Speed Changers 2024

Market Size for Gearboxes and Speed Changers in the United Arab Emirates

In 2022, the gearboxes and speed changers market in the United Arab Emirates decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, saw a perceptible increase. Gearboxes and speed changers consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Exports of Gearboxes and Speed Changers

Exports from the United Arab Emirates

In 2022, overseas shipments of gearboxes and speed changers increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports continue to indicate a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, gearboxes and speed changers exports surged to $X in 2022. Over the period under review, exports enjoyed a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons), Iraq (X tons) and Pakistan (X tons) were the main destinations of gearboxes and speed changers exports from the United Arab Emirates, with a combined X% share of total exports. India, Egypt, Kuwait, the United States, Oman, Tanzania, Sudan, Singapore, Indonesia and China lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for gearboxes and speed changers exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average gearboxes and speed changers export price amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X%. The export price peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

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

Imports of Gearboxes and Speed Changers

Imports into the United Arab Emirates

In 2022, overseas purchases of gearboxes and speed changers decreased by X% to X tons, falling for the second year in a row after four years of growth. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, gearboxes and speed changers imports declined remarkably to $X in 2022. In general, imports, however, recorded a pronounced expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest gearboxes and speed changers supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, gearboxes and speed changers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Germany (X% per year).

In value terms, the United States ($X), Germany ($X) and China ($X) constituted the largest gearboxes and speed changers suppliers to the United Arab Emirates, together comprising X% of total imports. Japan, Italy, South Korea and Turkey lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average gearboxes and speed changers import price stood at $X per ton in 2022, with an increase of X% against the previous year. Overall, the import price, however, showed a abrupt decrease. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :