United Arab Emirates: Liquid Supply Meter Market 2024

Liquid Supply Meter Market Size in the United Arab Emirates

In 2021, the liquid supply meter market in the United Arab Emirates increased by 51% to $X, rising for the second year in a row after two years of decline. Overall, consumption saw a resilient increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Liquid Supply Meter Production in the United Arab Emirates

In value terms, liquid supply meter production dropped to $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 44% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then contracted in the following year.

Liquid Supply Meter Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of liquid supply or production meters were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports recorded a strong increase. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, liquid supply meter exports surged to $X in 2021. In general, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Zambia (X units), Malawi (X units) and Oman (X units) were the main destinations of liquid supply meter exports from the United Arab Emirates, with a combined 97% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of +276.5%), while the other leaders experienced mixed trend patterns.

In value terms, Zambia ($X) emerged as the key foreign market for liquid supply or production meters exports from the United Arab Emirates, comprising 61% of total exports. The second position in the ranking was held by Oman ($X), with a 24% share of total exports. It was followed by Malawi, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Zambia stood at +569.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+13.6% per year) and Malawi (+104.2% per year).

Export Prices by Country

In 2021, the average liquid supply meter export price amounted to $X per unit, waning by -19.6% against the previous year. Over the period under review, the export price, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 an increase of 267% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then contracted remarkably in the following year.

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 Oman ($X per unit), while the average price for exports to Mozambique ($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 Zambia (+78.1%), while the prices for the other major destinations experienced more modest paces of growth.

Liquid Supply Meter Imports

Imports into the United Arab Emirates

In 2021, after two years of decline, there was significant growth in purchases abroad of liquid supply or production meters, when their volume increased by 156% to X units. Overall, imports posted a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, liquid supply meter imports surged to $X in 2021. Over the period under review, imports enjoyed a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Germany (X units) constituted the largest liquid supply meter supplier to the United Arab Emirates, with a 33% share of total imports. Moreover, liquid supply meter imports from Germany exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. China (X units) ranked third in terms of total imports with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from Germany amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-5.6% per year) and China (+4.4% per year).

In value terms, Germany ($X) constituted the largest supplier of liquid supply or production meters to the United Arab Emirates, comprising 33% of total imports. The second position in the ranking was taken by the United States ($X), with a 6.3% share of total imports. It was followed by Italy, with a 4.4% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.5% per year) and Italy (+0.6% per year).

Import Prices by Country

The average liquid supply meter import price stood at $X per unit in 2021, reducing by -38.9% against the previous year. Overall, the import price continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 65%. As a result, import price attained the peak level of $X per unit, and then dropped markedly in the following year.

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 the United States ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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