United Arab Emirates: Hide Repairing Machinery Market 2024

Hide Repairing Machinery Market Size in the United Arab Emirates

In 2022, the hide repairing machinery market in the United Arab Emirates was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption enjoyed a perceptible increase. Hide repairing machinery consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Hide Repairing Machinery Exports

Exports from the United Arab Emirates

Hide repairing machinery exports from the United Arab Emirates surged to X units in 2022, picking up by 367% against 2021 figures. In general, exports recorded a significant increase. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, hide repairing machinery exports skyrocketed to $X in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 1,963%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Rwanda (X units) was the main destination for hide repairing machinery exports from the United Arab Emirates, with a 86% share of total exports. Moreover, hide repairing machinery exports to Rwanda exceeded the volume sent to the second major destination, India (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Rwanda stood at +26.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (0.0% per year) and the UK (-20.5% per year).

In value terms, India ($X), Rwanda ($X) and the UK ($X) appeared to be the largest markets for hide repairing machinery exported from the United Arab Emirates worldwide, with a combined 98% share of total exports.

Among the main countries of destination, Rwanda, with a CAGR of +42.2%, 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 2022, the average hide repairing machinery export price amounted to $X per unit, growing by 44% against the previous year. Overall, the export price, however, showed a abrupt decrease. The growth pace was the most rapid in 2020 when the average export price increased by 458%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+31.7%), while the prices for the other major destinations experienced mixed trend patterns.

Hide Repairing Machinery Imports

Imports into the United Arab Emirates

In 2022, hide repairing machinery imports into the United Arab Emirates skyrocketed to X units, with an increase of 65% compared with the previous year's figure. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 350%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, hide repairing machinery imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2018 with an increase of 252%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of hide repairing machinery to the United Arab Emirates, accounting for a 91% share of total imports. It was followed by India (X units), with a 2.5% share of total imports. France (X units) ranked third in terms of total imports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +43.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-6.7% per year) and France (+7.2% per year).

In value terms, China ($X) constituted the largest supplier of machinery for making or repairing articles of hides, skins or leather to the United Arab Emirates, comprising 62% of total imports. The second position in the ranking was taken by France ($X), with an 8.5% share of total imports. It was followed by India, with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +24.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+4.1% per year) and India (-8.1% per year).

Import Prices by Country

In 2022, the average hide repairing machinery import price amounted to $X per unit, picking up by 2.3% against the previous year. Overall, the import price, however, faced a deep reduction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 29%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+3.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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