United Arab Emirates: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in the United Arab Emirates

In 2022, the ride-on compaction equipment market in the United Arab Emirates decreased by -2.5% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a pronounced slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Ride-On Compaction Equipment Exports

Exports from the United Arab Emirates

Ride-on compaction equipment exports from the United Arab Emirates rose markedly to X units in 2022, with an increase of 6.1% against the year before. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 105%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, ride-on compaction equipment exports contracted to $X in 2022. Overall, exports, however, saw a slight decline. The growth pace was the most rapid in 2017 with an increase of 128%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Niger (X units) was the main destination for ride-on compaction equipment exports from the United Arab Emirates, accounting for a 43% share of total exports. Moreover, ride-on compaction equipment exports to Niger exceeded the volume sent to the second major destination, Singapore (X units), fivefold. The third position in this ranking was taken by Sri Lanka (X units), with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Niger amounted to +97.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+18.6% per year) and Sri Lanka (+3.6% per year).

In value terms, Niger ($X) emerged as the key foreign market for ride-on compaction equipment exports from the United Arab Emirates, comprising 36% of total exports. The second position in the ranking was taken by Singapore ($X), with an 8.4% share of total exports. It was followed by the Netherlands, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Niger stood at +220.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+16.6% per year) and the Netherlands (+23.3% per year).

Export Prices by Country

The average ride-on compaction equipment export price stood at $X per unit in 2022, dropping by -13% against the previous year. Overall, the export price saw a mild setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+62.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports into the United Arab Emirates

After three years of growth, supplies from abroad of ride-on compaction equipment decreased by -3.5% to X units in 2022. Overall, imports recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 66%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, ride-on compaction equipment imports contracted to $X in 2022. Over the period under review, imports showed a noticeable slump. The pace of growth was the most pronounced in 2019 with an increase of 62% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of ride-on compaction equipment imports to the United Arab Emirates, together comprising 43% of total imports. India, Sri Lanka, the UK, Italy and the United States lagged somewhat behind, together comprising a further 19%. Moreover, ride-on compaction equipment imports in China exceeded the figures recorded by the second-largest supplier, Japan, twofold.

From 2012 to 2022, the biggest increases were recorded for Sri Lanka (with a CAGR of +54.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ride-on compaction equipment suppliers to the United Arab Emirates were Japan ($X), China ($X) and India ($X), together accounting for 53% of total imports. Germany, Sri Lanka, Italy, the UK and the United States lagged somewhat behind, together accounting for a further 22%.

In terms of the main suppliers, Sri Lanka, with a CAGR of +67.6%, recorded the highest rates of growth with regard to 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 2022, the average ride-on compaction equipment import price amounted to $X per unit, with an increase of 3.3% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2017 when the average import price increased by 22%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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