United Arab Emirates: Mounting Lifting Equipment Market 2025

Mounting Lifting Equipment Market Size in the United Arab Emirates

The mounting lifting equipment market in the United Arab Emirates skyrocketed to $X in 2021, with an increase of 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). Overall, consumption, however, recorded a perceptible contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Mounting Lifting Equipment Exports

Exports from the United Arab Emirates

Mounting lifting equipment exports from the United Arab Emirates shrank remarkably to X units in 2021, with a decrease of -47.7% compared with 2020 figures. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 319%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, mounting lifting equipment exports rose significantly to $X in 2021. Overall, exports showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 1,007% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for mounting lifting equipment exports from the United Arab Emirates, accounting for a 33% share of total exports. Moreover, mounting lifting equipment exports to Oman exceeded the volume sent to the second major destination, Seychelles (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Oman amounted to -13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Seychelles (+29.2% per year) and the Netherlands (+22.3% per year).

In value terms, Oman ($X) remains the key foreign market for lifting equipment designed for mounting on road vehicles exports from the United Arab Emirates, comprising 44% of total exports. The second position in the ranking was taken by Germany ($X), with a 16% share of total exports. It was followed by the Netherlands, with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (0.0% per year) and the Netherlands (+40.8% per year).

Export Prices by Country

The average mounting lifting equipment export price stood at $X per unit in 2021, rising by 105% against the previous year. Overall, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2013 an increase of 179%. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Nigeria ($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 Egypt (+116.7%), while the prices for the other major destinations experienced more modest paces of growth.

Mounting Lifting Equipment Imports

Imports into the United Arab Emirates

In 2021, approx. X units of lifting equipment designed for mounting on road vehicles were imported into the United Arab Emirates; growing by 100% against the year before. Overall, imports, however, recorded a noticeable downturn. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, mounting lifting equipment imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced decline. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), Italy (X units) and Germany (X units) were the main suppliers of mounting lifting equipment imports to the United Arab Emirates, together accounting for 40% of total imports. Spain, Austria, Poland, South Korea, Slovakia, China, Denmark, Thailand and the United States lagged somewhat behind, together accounting for a further 14%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +82.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Germany ($X) and Italy ($X) constituted the largest mounting lifting equipment suppliers to the United Arab Emirates, with a combined 44% share of total imports. These countries were followed by Spain, Austria, South Korea, Slovakia, Poland, China, Thailand, the United States and Denmark, which together accounted for a further 17%.

In terms of the main suppliers, Thailand, with a CAGR of +109.8%, saw the highest rates of growth with regard to 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 mounting lifting equipment import price amounted to $X per unit, dropping by -9.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 26%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

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 South Korea ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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