United Arab Emirates: Self-Propelled Boring Machinery Market 2024

Self-Propelled Boring Machinery Market Size in the United Arab Emirates

The self-propelled boring machinery market in the United Arab Emirates contracted markedly to $X in 2022, with a decrease of -54.1% 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, consumption saw a deep contraction. Self-propelled boring machinery consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Self-Propelled Boring Machinery Exports

Exports from the United Arab Emirates

After three years of decline, shipments abroad of self-propelled boring or sinking machinery increased by 11% to X units in 2022. Over the period under review, exports, however, faced a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 160% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, self-propelled boring machinery exports soared to $X in 2022. In general, exports, however, faced a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 410%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for self-propelled boring machinery exports from the United Arab Emirates, with a 73% share of total exports. Moreover, self-propelled boring machinery exports to India exceeded the volume sent to the second major destination, the Philippines (X units), more than tenfold. The third position in this ranking was taken by Tanzania (X units), with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to India stood at -19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Tanzania (0.0% per year).

In value terms, India ($X) remains the key foreign market for self-propelled boring or sinking machinery exports from the United Arab Emirates, comprising 94% of total exports. The second position in the ranking was held by Egypt ($X), with a 2.9% share of total exports. It was followed by the UK, with a 0.5% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to -18.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-10.3% per year) and the UK (-6.4% per year).

Export Prices by Country

In 2022, the average self-propelled boring machinery export price amounted to $X per unit, with an increase of 5.8% against the previous year. In general, the export price, however, recorded a pronounced setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 102% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the Philippines ($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 Burundi (+33.1%), while the prices for the other major destinations experienced more modest paces of growth.

Self-Propelled Boring Machinery Imports

Imports into the United Arab Emirates

In 2022, self-propelled boring machinery imports into the United Arab Emirates shrank sharply to X units, which is down by -63.2% compared with 2021. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 318% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, self-propelled boring machinery imports reduced remarkably to $X in 2022. Overall, imports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 118% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, India (X units) constituted the largest supplier of self-propelled boring machinery to the United Arab Emirates, with a 74% share of total imports. Moreover, self-propelled boring machinery imports from India exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. Italy (X units) ranked third in terms of total imports with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume from India totaled -12.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+38.0% per year) and Italy (+11.6% per year).

In value terms, the largest self-propelled boring machinery suppliers to the United Arab Emirates were China ($X), India ($X) and Italy ($X), with a combined 69% share of total imports.

China, with a CAGR of +32.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average self-propelled boring machinery import price stood at $X per unit in 2022, with an increase of 98% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 China ($X per unit), while the price for Australia ($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 (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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