United Arab Emirates: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in the United Arab Emirates

In 2021, the market for parts of harvester and threshers in the United Arab Emirates increased by 2.3% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Exports of Parts Of Harvester And Threshers

Exports from the United Arab Emirates

In 2021, exports of parts of harvester and threshers from the United Arab Emirates expanded rapidly to X units, increasing by 8.4% against 2020 figures. Overall, exports, however, continue to indicate a mild downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 104% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, parts of harvester and threshers exports plummeted to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by 109%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Syrian Arab Republic (X units), Bahrain (X units) and Pakistan (X units) were the main destinations of parts of harvester and threshers exports from the United Arab Emirates, with a combined 46% share of total exports. Oman, Jordan, Libya, Tajikistan, Iraq, Ghana, Egypt, Seychelles, Zimbabwe and Italy lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tajikistan (with a CAGR of +115,550.0%), while the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X) remains the key foreign market for parts of harvester and threshers exports from the United Arab Emirates, comprising 35% of total exports. The second position in the ranking was taken by Egypt ($X), with a 6.7% share of total exports. It was followed by Italy, with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bahrain amounted to +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+28.1% per year) and Italy (+12.2% per year).

Export Prices by Country

The average export price for parts of harvester and threshers stood at $X per unit in 2021, reducing by -48.9% against the previous year. Over the period under review, the export price continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2017 an increase of 90%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Ghana ($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 Iraq (+2.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Parts Of Harvester And Threshers

Imports into the United Arab Emirates

In 2021, overseas purchases of parts of harvester and threshers increased by 3.9% to X units, rising for the fourth consecutive year after two years of decline. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +2.0% 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 increased by +102.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, parts of harvester and threshers imports declined to $X in 2021. Overall, imports, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2014 with an increase of 37%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of parts of harvester and threshers to the United Arab Emirates, with a 20% share of total imports. Moreover, parts of harvester and threshers imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Germany (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.2% per year) and Germany (-2.7% per year).

In value terms, Japan ($X), the United States ($X) and China ($X) were the largest parts of harvester and threshers suppliers to the United Arab Emirates, with a combined 29% share of total imports. The Netherlands, the UK, Germany, France, Italy, Bulgaria and Canada lagged somewhat behind, together comprising a further 23%.

Among the main suppliers, Bulgaria, with a CAGR of +47.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for parts of harvester and threshers stood at $X per unit in 2021, waning by -4% against the previous year. In general, the import price showed a perceptible slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 8.8% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform