United Arab Emirates: Electric Rotary Converter Market 2024

Electric Rotary Converter Market Size in the United Arab Emirates

After two years of growth, the electric rotary converter market in the United Arab Emirates decreased by -26.4% to $X in 2021. In general, consumption, however, posted a buoyant increase. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Electric Rotary Converter Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of electric rotary converters decreased by -65% to X units, falling for the second year in a row after two years of growth. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by 295%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, electric rotary converter exports dropped rapidly to $X in 2021. Over the period under review, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2019 when exports increased by 431% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Oman (X units), Seychelles (X units) and Denmark (X units) were the main destinations of electric rotary converter exports from the United Arab Emirates, with a combined 54% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Seychelles (with a CAGR of +36.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), the Netherlands ($X) and Denmark ($X) were the largest markets for electric rotary converter exported from the United Arab Emirates worldwide, together comprising 46% of total exports. These countries were followed by India, Seychelles, Comoros, Burundi and Congo, which together accounted for a further 17%.

Among the main countries of destination, India, with a CAGR of +63.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average electric rotary converter export price stood at $X per unit in 2021, with a decrease of -5.2% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 78%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Seychelles ($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 the Netherlands (+6.6%), while the prices for the other major destinations experienced a decline.

Electric Rotary Converter Imports

Imports into the United Arab Emirates

Electric rotary converter imports into the United Arab Emirates declined markedly to X units in 2021, shrinking by -49% compared with the year before. In general, imports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 715%. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, electric rotary converter imports declined to $X in 2021. Over the period under review, imports saw a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of 455%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X units), Russia (X units) and Malta (X units) were the main suppliers of electric rotary converter imports to the United Arab Emirates, together comprising 85% of total imports. The United States, Austria, the Netherlands and Germany lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +61.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) constituted the largest supplier of electric rotary converters to the United Arab Emirates, comprising 73% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of total imports. It was followed by Austria, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Saudi Arabia stood at +50.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+13.7% per year) and Austria (+60.5% per year).

Import Prices by Country

In 2021, the average electric rotary converter import price amounted to $X per unit, jumping by 77% against the previous year. In general, the import price enjoyed slight growth. The most prominent rate of growth was recorded in 2016 an increase of 128% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+64.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :