United Arab Emirates: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in the United Arab Emirates

The market for parts of apparatus of hs in the United Arab Emirates skyrocketed to $X in 2021, rising by 34% against the previous year. Over the period under review, consumption enjoyed strong growth. Over the period under review, the market reached the peak level in 2021 and is expected to retain growth in the immediate term.

Production of Parts Of Apparatus Of Hs in the United Arab Emirates

In value terms, parts of apparatus of hs production amounted to $X in 2021 estimated in export price. In general, production showed a dramatic shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 1,817% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Parts Of Apparatus Of Hs

Exports from the United Arab Emirates

In 2021, overseas shipments of parts of apparatus of hs decreased by -16.5% to X units, falling for the eighth consecutive year after two years of growth. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 37%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, parts of apparatus of hs exports skyrocketed to $X in 2021. Over the period under review, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2018 with an increase of 76% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

The UK (X units), India (X units) and Hong Kong SAR (X units) were the main destinations of parts of apparatus of hs exports from the United Arab Emirates, together accounting for 36% of total exports. These countries were followed by the Netherlands, Tanzania, Kenya and Georgia, which together accounted for a further 16%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +122.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parts of apparatus of hs exported from the United Arab Emirates were the Netherlands ($X), Hong Kong SAR ($X) and the UK ($X), together accounting for 35% of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +113.6%, 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

The average export price for parts of apparatus of hs stood at $X per unit in 2021, picking up by 38% against the previous year. In general, the export price showed a significant expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 95% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Tanzania ($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 Seychelles (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Apparatus Of Hs

Imports into the United Arab Emirates

For the third consecutive year, the United Arab Emirates recorded growth in overseas purchases of parts of apparatus of hs, which increased by 26% to X units in 2021. In general, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 89% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, parts of apparatus of hs imports rose notably to $X in 2021. Overall, total imports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -2.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 39%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Hong Kong SAR (X units), the United States (X units) and Malaysia (X units) were the main suppliers of parts of apparatus of hs imports to the United Arab Emirates, with a combined 20% share of total imports. These countries were followed by Germany, the UK, the Netherlands, the Czech Republic, Kyrgyzstan and India, which together accounted for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Kyrgyzstan (with a CAGR of +1,115.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest parts of apparatus of hs suppliers to the United Arab Emirates were Hong Kong SAR ($X), the United States ($X) and the UK ($X), with a combined 52% share of total imports. These countries were followed by Malaysia, Germany, the Netherlands, the Czech Republic, India and Kyrgyzstan, which together accounted for a further 28%.

Kyrgyzstan, with a CAGR of +726.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for parts of apparatus of hs amounted to $X per unit, reducing by -10% against the previous year. In general, the import price showed a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 93% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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