United Arab Emirates: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in the United Arab Emirates

In 2021, after six years of growth, there was decline in the cement prefabricated structural components market in the United Arab Emirates, when its value decreased by -3.2% to $X. In general, consumption, however, posted a prominent increase. Cement prefabricated structural components consumption peaked at $X in 2020, and then dropped in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in the United Arab Emirates

In value terms, cement prefabricated structural components production declined slightly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 33% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then declined in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports from the United Arab Emirates

In 2021, the amount of prefabricated structural components of cement, concrete or artificial stone exported from the United Arab Emirates reduced markedly to X tons, which is down by -86.5% on the previous year. Overall, exports continue to indicate a precipitous descent. The most prominent rate of growth was recorded in 2017 when exports increased by 45% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, cement prefabricated structural components exports reduced notably to $X in 2021. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2015 when exports increased by 50% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X tons) was the main destination for cement prefabricated structural components exports from the United Arab Emirates, accounting for a 69% share of total exports. Moreover, cement prefabricated structural components exports to Oman exceeded the volume sent to the second major destination, Kuwait (X tons), sevenfold. The third position in this ranking was taken by Saudi Arabia (X tons), with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Oman totaled -19.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (-42.8% per year) and Saudi Arabia (-25.4% per year).

In value terms, Oman ($X) remains the key foreign market for prefabricated structural components of cement, concrete or artificial stone exports from the United Arab Emirates, comprising 44% of total exports. The second position in the ranking was taken by the UK ($X), with a 15% share of total exports. It was followed by Saudi Arabia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to Oman stood at -26.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-22.1% per year) and Saudi Arabia (-11.5% per year).

Export Prices by Country

The average cement prefabricated structural components export price stood at $X per ton in 2021, jumping by 51% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average export price increased by 59%. The export price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports into the United Arab Emirates

In 2021, after three years of growth, there was significant decline in overseas purchases of prefabricated structural components of cement, concrete or artificial stone, when their volume decreased by -8.6% to X tons. Overall, imports, however, showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 127%. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, cement prefabricated structural components imports contracted to $X in 2021. Over the period under review, imports, however, continue to indicate prominent growth. The growth pace was the most rapid in 2016 with an increase of 328% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Australia (X tons), Greece (X tons) and India (X tons) were the main suppliers of cement prefabricated structural components imports to the United Arab Emirates, with a combined 68% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Australia (with a CAGR of +61.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest cement prefabricated structural components suppliers to the United Arab Emirates were Australia ($X), Greece ($X) and India ($X), together accounting for 61% of total imports.

In terms of the main suppliers, Greece, with a CAGR of +42.1%, 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

In 2021, the average cement prefabricated structural components import price amounted to $X per ton, approximately equating the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The growth pace was the most rapid in 2016 when the average import price increased by 92% against the previous year. As a result, import price reached the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

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 Germany ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+14.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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