Report Update Nov 1, 2024

United Arab Emirates - Interchangeable Spanner Sockets - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

United Arab Emirates: Interchangeable Spanner Socket Market 2024

Interchangeable Spanner Socket Market Size in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in the interchangeable spanner socket market in the United Arab Emirates, when its value decreased by -7.5% to $X. Overall, consumption recorded a mild decrease. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Interchangeable Spanner Socket Exports

Exports from the United Arab Emirates

Interchangeable spanner socket exports from the United Arab Emirates rose slightly to X tons in 2022, growing by 3.9% against 2021 figures. Over the period under review, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 564%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, interchangeable spanner socket exports surged to $X in 2022. Overall, exports recorded temperate growth. The pace of growth was the most pronounced in 2013 when exports increased by 159% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons), Tanzania (X tons) and the UK (X tons) were the main destinations of interchangeable spanner socket exports from the United Arab Emirates, together accounting for 76% of total exports. Rwanda, Mozambique, the United States and India lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +49.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Zimbabwe ($X) and the United States ($X) were the largest markets for interchangeable spanner socket exported from the United Arab Emirates worldwide, together comprising 57% of total exports.

The United States, with a CAGR of +53.3%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average interchangeable spanner socket export price stood at $X per ton in 2022, surging by 47% against the previous year. In general, the export price posted a remarkable increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 186% against the previous year. Over the period under review, the average export prices reached the maximum 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 the United States ($X per ton), while the average price for exports to Tanzania ($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 Zambia (+3.8%), while the prices for the other major destinations experienced more modest paces of growth.

Interchangeable Spanner Socket Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of interchangeable spanner sockets decreased by -0.4% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a noticeable slump. The pace of growth appeared the most rapid in 2019 with an increase of 52%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, interchangeable spanner socket imports reduced to $X in 2022. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 66%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of interchangeable spanner socket to the United Arab Emirates, with a 93% share of total imports. It was followed by the United States (X tons), with a 1.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.3%.

In value terms, China ($X) constituted the largest supplier of interchangeable spanner sockets to the United Arab Emirates, comprising 71% of total imports. The second position in the ranking was taken by the United States ($X), with a 3.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +18.4%.

Import Prices by Country

In 2022, the average interchangeable spanner socket import price amounted to $X per ton, waning by -8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The pace of growth was the most pronounced in 2016 when the average import price increased by 33%. As a result, import price reached the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for interchangeable spanner sockets in the world?

The countries with the highest volumes of interchangeable spanner socket consumption in 2021 were China, the United States and India, with a combined 50% share of global consumption. These countries were followed by Russia, Germany, Mexico, Turkey, Japan, the UK, Spain, the Netherlands, Poland and Taiwan Chinese), which together accounted for a further 28%.

What are the largest producers of interchangeable spanner sockets in the world?

China constituted the country with the largest volume of interchangeable spanner socket production, comprising approx. 46% of total volume. Moreover, interchangeable spanner socket production in China exceeded the figures recorded by the second-largest producer, Taiwan Chinese), twofold. The third position in this ranking was occupied by India, with a 10% share.

What are the leading suppliers of interchangeable spanner sockets to the United Arab Emirates?

In value terms, the UK, Germany and Italy were the largest interchangeable spanner socket suppliers to the United Arab Emirates, together accounting for 64% of total imports. These countries were followed by the United States, India, Spain and Belgium, which together accounted for a further 27%.

What are the leading importers of interchangeable spanner sockets from the United Arab Emirates?

In value terms, India emerged as the key foreign market for interchangeable spanner socket exports from the United Arab Emirates, comprising 33% of total exports. The second position in the ranking was occupied by Tanzania, with a 16% share of total exports. It was followed by the United States, with a 13% share.

What is the average export price for interchangeable spanner sockets in the United Arab Emirates?

The average interchangeable spanner socket export price stood at $3,617 per ton in 2021, falling by -44.6% against the previous year.

What is the average import price for interchangeable spanner sockets in the United Arab Emirates?

The average interchangeable spanner socket import price stood at $24,492 per ton in 2021, with an increase of 279% against the previous year.

This report provides an in-depth analysis of the interchangeable spanner socket market in the United Arab Emirates. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 25733037 - Interchangeable spanner sockets

Country coverage:

United Arab Emirates

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the United Arab Emirates
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023