United Arab Emirates: Market for Instruments for Measuring Electrical Quantities 2024

Market Size for Instruments for Measuring Electrical Quantities in the United Arab Emirates

The market for instruments for measuring electrical quantities in the United Arab Emirates surged to $X in 2021, picking up by 112% 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). In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Instruments for Measuring Electrical Quantities

Exports from the United Arab Emirates

After three years of decline, overseas shipments of instruments for measuring electrical quantities increased by 34% to X units in 2021. In general, exports showed strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 199% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, instruments for measuring electrical quantities exports skyrocketed to $X in 2021. Overall, exports recorded a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of 174%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units) was the main destination for instruments for measuring electrical quantities exports from the United Arab Emirates, accounting for a 71% share of total exports. Moreover, instruments for measuring electrical quantities exports to Oman exceeded the volume sent to the second major destination, Italy (X units), fivefold. The Netherlands (X units) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Oman totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+41.9% per year) and the Netherlands (+11.1% per year).

In value terms, Oman ($X) remains the key foreign market for instruments for measuring electrical quantities exports from the United Arab Emirates, comprising 53% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 6.9% share of total exports. It was followed by the Netherlands, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Oman totaled +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+24.9% per year) and the Netherlands (-1.1% per year).

Export Prices by Country

In 2021, the average export price for instruments for measuring electrical quantities amounted to $X per unit, falling by -5.4% against the previous year. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in 2015 an increase of 83%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+71.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instruments for Measuring Electrical Quantities

Imports into the United Arab Emirates

In 2021, after three years of decline, there was significant growth in supplies from abroad of instruments for measuring electrical quantities, when their volume increased by 96% to X units. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, instruments for measuring electrical quantities imports soared to $X in 2021. Over the period under review, total imports indicated a mild expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest instruments for measuring electrical quantities supplier to the United Arab Emirates, with a 52% share of total imports. Moreover, instruments for measuring electrical quantities imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. The UK (X units) ranked third in terms of total imports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and the UK (-12.3% per year).

In value terms, the largest instruments for measuring electrical quantities suppliers to the United Arab Emirates were China ($X), the United States ($X) and India ($X), together accounting for 32% of total imports. The UK, Germany, Sweden, Japan, Austria, France, Turkey and Spain lagged somewhat behind, together accounting for a further 29%.

In terms of the main suppliers, Austria, with a CAGR of +17.9%, 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 2021, the average import price for instruments for measuring electrical quantities amounted to $X per unit, with a decrease of -19.5% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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