United Arab Emirates: Polishes For Coachwork Market 2024

Polishes For Coachwork Market Size in the United Arab Emirates

The polishes for coachwork market in the United Arab Emirates fell to $X in 2022, shrinking by -7.9% 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). Over the period under review, the total consumption indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.7% against 2018 indices. Polishes for coachwork consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Polishes For Coachwork Exports

Exports from the United Arab Emirates

In 2022, the amount of polishes for coachwork exported from the United Arab Emirates fell to X tons, reducing by -11.6% against the year before. Over the period under review, exports, however, showed modest growth. The most prominent rate of growth was recorded in 2017 with an increase of 222%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, polishes for coachwork exports declined sharply to $X in 2022. Overall, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 538% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Rwanda (X tons) was the main destination for polishes for coachwork exports from the United Arab Emirates, accounting for a 63% share of total exports. Moreover, polishes for coachwork exports to Rwanda exceeded the volume sent to the second major destination, Germany (X tons), sixfold. The third position in this ranking was taken by India (X tons), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to Rwanda totaled +59.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+99.2% per year) and India (+66.1% per year).

In value terms, Germany ($X) emerged as the key foreign market for polishes for coachwork exports from the United Arab Emirates, comprising 37% of total exports. The second position in the ranking was held by Rwanda ($X), with a 10% share of total exports. It was followed by Australia, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +340.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+51.4% per year) and Australia (+31.9% per year).

Export Prices by Country

The average polishes for coachwork export price stood at $X per ton in 2022, reducing by -7% against the previous year. Over the period under review, the export price, however, posted resilient growth. The growth pace was the most rapid in 2017 an increase of 98% against the previous year. The export price peaked at $X per ton in 2021, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per ton), while the average price for exports to Tanzania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+121.1%), while the prices for the other major destinations experienced more modest paces of growth.

Polishes For Coachwork Imports

Imports into the United Arab Emirates

In 2022, polishes for coachwork imports into the United Arab Emirates declined to X tons, which is down by -6.4% on the year before. In general, total imports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +90.4% against 2016 indices. The pace of growth appeared the most rapid in 2019 with an increase of 58% against the previous year. Imports peaked at X tons in 2021, and then reduced in the following year.

In value terms, polishes for coachwork imports contracted to $X in 2022. Overall, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 64% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X tons) constituted the largest polishes for coachwork supplier to the United Arab Emirates, accounting for a 35% share of total imports. Moreover, polishes for coachwork imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The UK (X tons) ranked third in terms of total imports with a 9.6% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+2.3% per year) and the UK (+3.8% per year).

In value terms, the largest polishes for coachwork suppliers to the United Arab Emirates were the United States ($X), Germany ($X) and the UK ($X), with a combined 49% share of total imports. China, South Korea, France, Italy, Turkey and Poland lagged somewhat behind, together accounting for a further 20%.

Turkey, with a CAGR of +19.9%, recorded the highest growth rate of 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

The average polishes for coachwork import price stood at $X per ton in 2022, with a decrease of -3.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 16%. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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