United Arab Emirates: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in the United Arab Emirates

After two years of growth, the panel display manufacturing machine market in the United Arab Emirates decreased by -35.3% to $X in 2021. Overall, consumption, however, continues to indicate a strong increase. Over the period under review, the market hit record highs at $X in 2020, and then fell rapidly in the following year.

Production of Machines For The Manufacture Of Flat Panel Displays in the United Arab Emirates

In value terms, panel display manufacturing machine production rose significantly to $X in 2021 estimated in export price. Overall, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -9.8% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 32% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports from the United Arab Emirates

In 2021, shipments abroad of machines for the manufacture of flat panel displays decreased by -83.3% to X units, falling for the third year in a row after five years of growth. Over the period under review, exports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2017 with an increase of 145%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine exports reduced notably to $X in 2021. In general, exports faced a precipitous contraction. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

From 2012 to 2021, the average annual growth rate of volume to No country was relatively modest.

In value terms, Iran ($X) emerged as the key foreign market for panel display manufacturing machine exports from the United Arab Emirates, comprising 6.4% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 2.4% share of total exports. It was followed by South Africa, with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Iran totaled -26.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-40.7% per year) and South Africa (+8.5% per year).

Export Prices by Country

In 2021, the average panel display manufacturing machine export price amounted to $X per unit, shrinking by -11.9% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 49%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Iraq ($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 Bahrain (+11.1%), while the prices for the other major destinations experienced a decline.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports into the United Arab Emirates

In 2021, overseas purchases of machines for the manufacture of flat panel displays decreased by -37.2% to X units for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2019 when imports increased by 380%. Imports peaked at X units in 2020, and then contracted dramatically in the following year.

In value terms, panel display manufacturing machine imports declined markedly to $X in 2021. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by 228%. Imports peaked at $X in 2020, and then dropped markedly in the following year.

Imports by Country

China (X units), Oman (X units) and Malaysia (X units) were the main suppliers of panel display manufacturing machine imports to the United Arab Emirates, together comprising 98% of total imports.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +73.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of panel display manufacturing machine to the United Arab Emirates, comprising 66% of total imports. The second position in the ranking was held by Malaysia ($X), with an 11% share of total imports. It was followed by Oman, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +60.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+15.3% per year) and Oman (+29.4% per year).

Import Prices by Country

The average panel display manufacturing machine import price stood at $X per unit in 2021, declining by -45.9% against the previous year. In general, the import price recorded a deep setback. The pace of growth was the most pronounced in 2016 an increase of 97%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was India ($X per unit), while the price for Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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