United Arab Emirates: Market for Non-Numerically Controlled Sharpening Machines For Working Metal 2024

Market Size for Non-Numerically Controlled Sharpening Machines For Working Metal in the United Arab Emirates

The non-numerically controlled sharpening machine market in the United Arab Emirates reduced slightly to $X in 2022, which is down by -2.2% against the previous year. In general, consumption, however, saw strong growth. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Non-Numerically Controlled Sharpening Machines For Working Metal in the United Arab Emirates

In value terms, non-numerically controlled sharpening machine production dropped to $X in 2022 estimated in export price. Overall, production, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2018 when the production volume increased by 149%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Non-Numerically Controlled Sharpening Machines For Working Metal

Exports from the United Arab Emirates

Non-numerically controlled sharpening machine exports from the United Arab Emirates contracted dramatically to X units in 2022, which is down by -26.1% compared with the previous year. Overall, exports, however, enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2018 when exports increased by 933% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-numerically controlled sharpening machine exports declined sharply to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 735% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burundi (X units), Mauritius (X units) and Tanzania (X units) were the main destinations of non-numerically controlled sharpening machine exports from the United Arab Emirates, together accounting for 80% of total exports. Mozambique, South Africa, Rwanda and India lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the biggest increases were recorded for Mozambique (with a CAGR of +161.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X), Tanzania ($X) and Mauritius ($X) constituted the largest markets for non-numerically controlled sharpening machine exported from the United Arab Emirates worldwide, with a combined 79% share of total exports.

In terms of the main countries of destination, Mozambique, with a CAGR of +106.0%, saw 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 non-numerically controlled sharpening machine export price amounted to $X per unit, which is down by -19.5% against the previous year. In general, the export price saw a perceptible decline. The growth pace was the most rapid in 2019 when the average export price increased by 61%. The export price peaked at $X per unit in 2014; however, from 2015 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 ($X per unit), while the average price for exports to South Africa ($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 Oman (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Numerically Controlled Sharpening Machines For Working Metal

Imports into the United Arab Emirates

Non-numerically controlled sharpening machine imports into the United Arab Emirates shrank to X units in 2022, dropping by -11.7% against the year before. Over the period under review, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2018 with an increase of 91%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, non-numerically controlled sharpening machine imports dropped modestly to $X in 2022. Overall, imports recorded a pronounced slump. The pace of growth was the most pronounced in 2017 when imports increased by 101% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest non-numerically controlled sharpening machine supplier to the United Arab Emirates, accounting for a 38% share of total imports. Moreover, non-numerically controlled sharpening machine imports from China exceeded the figures recorded by the second-largest supplier, India (X units), twofold. The third position in this ranking was held by Germany (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-14.4% per year) and Germany (-1.7% per year).

In value terms, China ($X) constituted the largest supplier of non-numerically controlled sharpening machines for working metal to the United Arab Emirates, comprising 44% of total imports. The second position in the ranking was held by India ($X), with a 12% share of total imports. It was followed by Germany, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +15.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.7% per year) and Germany (-21.4% per year).

Import Prices by Country

The average non-numerically controlled sharpening machine import price stood at $X per unit in 2022, picking up by 13% against the previous year. In general, the import price, however, saw a slight curtailment. The pace of growth was the most pronounced in 2017 when the average import price increased by 81%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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