United Arab Emirates: Stone Polishing Machine Market 2024

Stone Polishing Machine Market Size in the United Arab Emirates

The stone polishing machine market in the United Arab Emirates declined notably to $X in 2022, falling by -51.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a pronounced descent. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Stone Polishing Machine Exports

Exports from the United Arab Emirates

In 2022, exports of grinding or polishing machines for working stone, ceramics and concrete from the United Arab Emirates soared to X units, with an increase of 125% compared with 2021 figures. Overall, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 with an increase of 1,028% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, stone polishing machine exports surged to $X in 2022. Over the period under review, exports saw prominent growth. The pace of growth appeared the most rapid in 2013 with an increase of 312% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Rwanda (X units), Uzbekistan (X units) and Burundi (X units) were the main destinations of stone polishing machine exports from the United Arab Emirates, with a combined 89% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of +145.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) emerged as the key foreign market for grinding or polishing machines for working stone, ceramics and concrete exports from the United Arab Emirates, comprising 47% of total exports. The second position in the ranking was taken by Uzbekistan ($X), with an 11% share of total exports. It was followed by Rwanda, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (+118.6% per year) and Rwanda (+70.2% per year).

Export Prices by Country

The average stone polishing machine export price stood at $X per unit in 2022, declining by -3.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 90% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, 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 South Africa ($X per unit), while the average price for exports to Burundi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Stone Polishing Machine Imports

Imports into the United Arab Emirates

In 2022, the amount of grinding or polishing machines for working stone, ceramics and concrete imported into the United Arab Emirates fell significantly to X units, with a decrease of -39.9% against the previous year. In general, imports recorded a pronounced setback. The growth pace was the most rapid in 2013 with an increase of 75%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, stone polishing machine imports fell rapidly to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.1% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 106% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest stone polishing machine supplier to the United Arab Emirates, accounting for a 55% share of total imports. Moreover, stone polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. The third position in this ranking was held by Sweden (X units), with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+27.9% per year) and Sweden (-8.5% per year).

In value terms, China ($X) constituted the largest supplier of grinding or polishing machines for working stone, ceramics and concrete to the United Arab Emirates, comprising 46% of total imports. The second position in the ranking was taken by Italy ($X), with a 15% share of total imports. It was followed by the Netherlands, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.2% per year) and the Netherlands (+40.1% per year).

Import Prices by Country

The average stone polishing machine import price stood at $X per unit in 2022, jumping by 29% against the previous year. Over the period under review, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2021 an increase of 50% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

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 Italy ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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