United Arab Emirates: Hvac Equipment Market 2024

Hvac Equipment Market Size in the United Arab Emirates

In 2022, after five years of growth, there was significant decline in the HVAC equipment market in the United Arab Emirates, when its value decreased by X% to $X. Overall, consumption continues to indicate a abrupt decrease. Consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Hvac Equipment Production in the United Arab Emirates

In value terms, HVAC equipment production fell to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. Production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Hvac Equipment Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of HVAC equipment increased by X% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, HVAC equipment exports skyrocketed to $X in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X units), China (X units) and Saudi Arabia (X units) were the main destinations of HVAC equipment exports from the United Arab Emirates, together accounting for X% of total exports.

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

In value terms, Iraq ($X), China ($X) and Saudi Arabia ($X) appeared to be the largest markets for HVAC equipment exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Iraq, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average HVAC equipment export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then shrank significantly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Hong Kong SAR ($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 Iran (X%), while the prices for the other major destinations experienced more modest paces of growth.

Hvac Equipment Imports

Imports into the United Arab Emirates

In 2022, after three years of growth, there was significant decline in overseas purchases of HVAC equipment, when their volume decreased by X% to X units. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, HVAC equipment imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2016 indices. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest HVAC equipment supplier to the United Arab Emirates, with a X% share of total imports. Moreover, HVAC equipment imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and India (X% per year).

In value terms, the largest HVAC equipment suppliers to the United Arab Emirates were China ($X), Thailand ($X) and the United States ($X), together accounting for X% of total imports. India, South Korea, Malaysia, Saudi Arabia, Germany, Italy and Spain lagged somewhat behind, together comprising a further X%.

Among the main suppliers, India, with a CAGR of X%, saw 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

In 2022, the average HVAC equipment import price amounted to $X per unit, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Saudi Arabia ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform