United Arab Emirates: Wire And Cable Market 2024

Wire And Cable Market Size in the United Arab Emirates

For the third consecutive year, the wire and cable market in the United Arab Emirates recorded growth in sales value, which increased by 12% to $X in 2021. Over the period under review, consumption showed a perceptible shrinkage. Wire and cable consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wire And Cable Exports

Exports from the United Arab Emirates

Wire and cable exports from the United Arab Emirates declined to X tons in 2021, shrinking by -7.5% against the previous year's figure. Overall, exports, however, posted perceptible growth. The pace of growth was the most pronounced in 2013 with an increase of 82% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, wire and cable exports skyrocketed to $X in 2021. Over the period under review, total exports indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -16.0% against 2018 indices. The growth pace was the most rapid in 2013 when exports increased by 67% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Iraq (X tons) and Hong Kong SAR (X tons) were the main destinations of wire and cable exports from the United Arab Emirates, together accounting for 84% of total exports. These countries were followed by Oman, Bahrain, Kuwait, the UK, Uganda, Germany, Ghana, Egypt, Australia and Tanzania, which together accounted for a further 82%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +87.1%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Germany ($X) and Iraq ($X) were the largest markets for wire and cable exported from the United Arab Emirates worldwide, with a combined 58% share of total exports. These countries were followed by Hong Kong SAR, Oman, the UK, Bahrain, Kuwait, Egypt, Ghana, Australia, Tanzania and Uganda, which together accounted for a further 62%.

In terms of the main countries of destination, Australia, with a CAGR of +73.3%, recorded the highest rates of growth with regard to 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 2021, the average wire and cable export price amounted to $X per ton, jumping by 42% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wire and cable export price increased by +101.3% against 2018 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Wire And Cable Imports

Imports into the United Arab Emirates

Wire and cable imports into the United Arab Emirates dropped to X tons in 2021, falling by -6.4% on the previous year's figure. In general, imports saw a perceptible setback. The most prominent rate of growth was recorded in 2015 when imports increased by 9.2%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wire and cable imports rose markedly to $X in 2021. Overall, imports recorded a pronounced shrinkage. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X tons), China (X tons) and Oman (X tons) were the main suppliers of wire and cable imports to the United Arab Emirates, together accounting for 64% of total imports. These countries were followed by India, Japan, South Korea, Egypt, Turkey, the UK, Italy and France, which together accounted for a further 30%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +8.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest wire and cable suppliers to the United Arab Emirates were China ($X), Saudi Arabia ($X) and India ($X), with a combined 48% share of total imports.

Among the main suppliers, India, with a CAGR of +8.4%, 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 wire and cable import price stood at $X per ton in 2021, surging by 22% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. 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 France ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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