United Arab Emirates: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in the United Arab Emirates

The full-rotation excavator market in the United Arab Emirates skyrocketed to $X in 2021, rising by 75% 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). In general, consumption, however, saw a pronounced shrinkage. Full-rotation excavator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Full-Rotation Excavator Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of self-propelled full-rotation excavators and bulldozers were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, showed a slight curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 160%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, full-rotation excavator exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 307%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Iraq (X units) was the main destination for full-rotation excavator exports from the United Arab Emirates, with a 155% share of total exports. Moreover, full-rotation excavator exports to Iraq exceeded the volume sent to the second major destination, Georgia (X units), twofold. Uganda (X units) ranked third in terms of total exports with a 53% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+72.0% per year) and Uganda (+86.0% per year).

In value terms, Iraq ($X) emerged as the key foreign market for self-propelled full-rotation excavators and bulldozers exports from the United Arab Emirates, comprising 133% of total exports. The second position in the ranking was taken by Georgia ($X), with a 66% share of total exports. It was followed by Saudi Arabia, with a 39% share.

From 2012 to 2021, the average annual growth rate of value to Iraq was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Georgia (+86.5% per year) and Saudi Arabia (+71.4% per year).

Export Prices by Country

In 2021, the average full-rotation excavator export price amounted to $X per unit, increasing by 7.6% against the previous year. In general, the export price showed a mild expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 190%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, 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 Angola ($X per unit), while the average price for exports to Uganda ($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 Kazakhstan (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports into the United Arab Emirates

In 2021, supplies from abroad of self-propelled full-rotation excavators and bulldozers increased by 102% to X units, rising for the second year in a row after five years of decline. In general, imports, however, showed a relatively flat trend pattern. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, full-rotation excavator imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a deep reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and South Korea (X units) were the main suppliers of full-rotation excavator imports to the United Arab Emirates, with a combined 67% share of total imports. India and Austria lagged somewhat behind, together accounting for a further 8.2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Austria (with a CAGR of +30.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest full-rotation excavator suppliers to the United Arab Emirates were Japan ($X), China ($X) and South Korea ($X), together comprising 95% of total imports. These countries were followed by India and Austria, which together accounted for a further 12%.

Austria, with a CAGR of +34.3%, 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

In 2021, the average full-rotation excavator import price amounted to $X per unit, declining by -16.2% against the previous year. In general, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Austria ($X per unit) and South Korea ($X per unit), while the price for Japan ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+25.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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