United Arab Emirates: Grinding Machine Market 2024

Grinding Machine Market Size in the United Arab Emirates

The grinding machine market in the United Arab Emirates soared to $X in 2021, with an increase of 23% 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 saw a mild curtailment. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Grinding Machine Exports

Exports from the United Arab Emirates

In 2021, the amount of machines having individual functions, for mixing, kneading, crushing or grinding exported from the United Arab Emirates dropped remarkably to X units, waning by -32% against the previous year's figure. Over the period under review, exports, however, showed a moderate increase. The most prominent rate of growth was recorded in 2013 when exports increased by 171%. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, grinding machine exports declined rapidly to $X in 2021. Overall, total exports indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -29.1% against 2017 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 168% against the previous year. As a result, the exports attained 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 grinding machine exports from the United Arab Emirates, accounting for a 43% share of total exports. Moreover, grinding machine exports to Oman exceeded the volume sent to the second major destination, Tunisia (X units), threefold. Saudi Arabia (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2021, the average annual growth rate of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+88.5% per year) and Saudi Arabia (+20.3% per year).

In value terms, the largest markets for grinding machine exported from the United Arab Emirates were Saudi Arabia ($X), Oman ($X) and Mozambique ($X), together comprising 77% of total exports.

Mozambique, with a CAGR of +115.5%, recorded the highest growth rate of the value of exports, among the main countries of destination 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 grinding machine export price amounted to $X per unit, increasing by 18% against the previous year. Overall, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in 2018 an increase of 59%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was India ($X per unit), while the average price for exports to Tunisia ($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 Kuwait (+40.2%), while the prices for the other major destinations experienced more modest paces of growth.

Grinding Machine Imports

Imports into the United Arab Emirates

In 2021, approx. X units of machines having individual functions, for mixing, kneading, crushing or grinding were imported into the United Arab Emirates; waning by -15.9% compared with 2020 figures. Overall, imports, however, continue to indicate a modest increase. The pace of growth was the most pronounced in 2020 with an increase of 79%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, grinding machine imports surged to $X in 2021. Over the period under review, imports saw a perceptible decrease. The growth pace was the most rapid in 2018 with an increase of 49% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of grinding machine to the United Arab Emirates, with a 29% share of total imports. Moreover, grinding machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 7.3% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +25.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.9% per year) and Italy (-5.0% per year).

In value terms, China ($X) constituted the largest supplier of machines having individual functions, for mixing, kneading, crushing or grinding to the United Arab Emirates, comprising 19% of total imports. The second position in the ranking was held by Germany ($X), with a 9% share of total imports. It was followed by Italy, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +23.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-10.1% per year) and Italy (-6.0% per year).

Import Prices by Country

The average grinding machine import price stood at $X per unit in 2021, with an increase of 76% against the previous year. In general, the import price, however, continues to indicate a noticeable curtailment. The import price peaked at $X per unit 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, the country with the highest price was Japan ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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