United Arab Emirates: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in the United Arab Emirates

In 2021, the market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in the United Arab Emirates increased by 67% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +102.7% against 2019 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports from the United Arab Emirates

Exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from the United Arab Emirates shrank dramatically to X tons in 2021, waning by -21.7% compared with 2020 figures. In general, exports, however, recorded a prominent increase. The growth pace was the most rapid in 2017 with an increase of 137%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced modestly to $X in 2021. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 when exports increased by 94% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and Zimbabwe (X tons) were the main destinations of exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) from the United Arab Emirates, with a combined 68% share of total exports. Comoros, Angola, Tanzania, Burkina Faso, Congo and Colombia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Burkina Faso (with a CAGR of +208.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for internal combustion engine (excl. diesel, moto vehicle and aircraft) exported from the United Arab Emirates were Oman ($X), Saudi Arabia ($X) and Zimbabwe ($X), together accounting for 71% of total exports. These countries were followed by Angola, Comoros, Tanzania, Congo, Burkina Faso and Colombia, which together accounted for a further 7.9%.

In terms of the main countries of destination, Burkina Faso, with a CAGR of +108.9%, 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 export price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, surging by 27% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 31% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Burkina Faso ($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 Oman (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports into the United Arab Emirates

In 2021, overseas purchases of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) increased by 59% to X tons, rising for the second consecutive year after two years of decline. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of 110% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2021. The total import value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Saudi Arabia (X tons), China (X tons) and the United States (X tons) were the main suppliers of imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) to the United Arab Emirates, together accounting for 60% of total imports. New Zealand, Japan, South Korea, the UK and Oman lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for New Zealand (with a CAGR of +94.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Saudi Arabia ($X) were the largest internal combustion engine (excl. diesel, moto vehicle and aircraft) suppliers to the United Arab Emirates, with a combined 63% share of total imports. These countries were followed by New Zealand, China, Oman, the UK and South Korea, which together accounted for a further 26%.

In terms of the main suppliers, New Zealand, with a CAGR of +97.6%, 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

In 2021, the average import price for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) amounted to $X per ton, which is down by -14.1% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 60% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+20.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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