United Arab Emirates: Plough Market 2024

Plough Market Size in the United Arab Emirates

The plough market in the United Arab Emirates rose slightly to $X in 2022, surging by 4.7% against the previous year. Overall, consumption recorded a measured increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Plough Production in the United Arab Emirates

In value terms, plough production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 40%. Over the period under review, production attained the peak level at $X in 2017; afterwards, it flattened through to 2022.

Plough Exports

Exports from the United Arab Emirates

In 2022, after two years of decline, there was growth in overseas shipments of ploughs for agricultural purposes, when their volume increased by 4.2% to X units. Over the period under review, exports, however, saw a perceptible setback. The pace of growth appeared the most rapid in 2017 with an increase of 259% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, plough exports reduced modestly to $X in 2022. Overall, exports posted moderate growth. The pace of growth was the most pronounced in 2017 with an increase of 420%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Mozambique (X units) was the main destination for plough exports from the United Arab Emirates, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Mozambique stood at +29.3%.

In value terms, Mozambique ($X) also remains the key foreign market for ploughs for agricultural purposes exports from the United Arab Emirates.

From 2012 to 2022, the average annual growth rate of value to Mozambique amounted to +46.4%.

Export Prices by Country

The average plough export price stood at $X per unit in 2022, which is down by -7.4% against the previous year. In general, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 143% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then dropped in the following year.

As there is only one major export destination, the average price level is determined by prices for Mozambique.

From 2012 to 2022, the rate of growth in terms of prices for Malawi amounted to +28.0% per year.

Plough Imports

Imports into the United Arab Emirates

Plough imports into the United Arab Emirates surged to X units in 2022, increasing by 19% compared with 2021. In general, imports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2020 with an increase of 200%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, plough imports skyrocketed to $X in 2022. Over the period under review, imports, however, saw a noticeable setback. The growth pace was the most rapid in 2020 when imports increased by 240%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of plough to the United Arab Emirates, with a 69% share of total imports. Moreover, plough imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), fivefold. Portugal (X units) ranked third in terms of total imports with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+13.7% per year) and Portugal (+29.3% per year).

In value terms, China ($X) constituted the largest supplier of ploughs for agricultural purposes to the United Arab Emirates, comprising 73% of total imports. The second position in the ranking was held by Turkey ($X), with a 9.2% share of total imports. It was followed by India, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +17.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+16.5% per year) and India (-6.1% per year).

Import Prices by Country

The average plough import price stood at $X per unit in 2022, growing by 5.8% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plough import price decreased by -3.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 61% against the previous year. The import price peaked at $X per unit in 2020; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+24.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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