United Arab Emirates: Silencer Market 2024

Silencer Market Size in the United Arab Emirates

For the third consecutive year, the silencer market in the United Arab Emirates recorded growth in sales value, which increased by 84% to $X in 2021. Overall, consumption continues to indicate a prominent increase. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Silencer Exports

Exports from the United Arab Emirates

In 2021, shipments abroad of silencers and exhaust pipes decreased by -23.5% to X tons, falling for the third consecutive year after three years of growth. In general, exports showed a pronounced slump. The pace of growth was the most pronounced in 2018 with an increase of 69% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, silencer exports shrank to $X in 2021. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 101%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and Uganda (X tons) were the main destinations of silencer exports from the United Arab Emirates, with a combined 59% share of total exports. Cote d'Ivoire, Bahrain, Angola, Seychelles, Tanzania, Japan and Nigeria lagged somewhat behind, together comprising a further 25%.

From 2012 to 2021, the biggest increases were in Cote d'Ivoire (with a CAGR of +49.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Saudi Arabia ($X) and Angola ($X) were the largest markets for silencer exported from the United Arab Emirates worldwide, with a combined 57% share of total exports. Uganda, Bahrain, Seychelles, Cote d'Ivoire, Japan, Tanzania and Nigeria lagged somewhat behind, together comprising a further 11%.

Among the main countries of destination, Cote d'Ivoire, with a CAGR of +31.2%, recorded the highest growth rate of 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 silencer export price stood at $X per ton in 2021, with an increase of 14% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 47% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Oman ($X per ton), while the average price for exports to Tanzania ($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 Iran (+88.2%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into the United Arab Emirates

In 2021, approx. X tons of silencers and exhaust pipes were imported into the United Arab Emirates; with an increase of 26% compared with the previous year. The total import volume increased at an average annual rate of +3.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, silencer imports skyrocketed to $X in 2021. Overall, total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +95.9% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest silencer supplier to the United Arab Emirates, with a 49% share of total imports. Moreover, silencer imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+7.9% per year) and Japan (-3.6% per year).

In value terms, China ($X), Saudi Arabia ($X) and Turkey ($X) constituted the largest silencer suppliers to the United Arab Emirates, with a combined 63% share of total imports.

Among the main suppliers, Saudi Arabia, with a CAGR of +42.3%, recorded 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

The average silencer import price stood at $X per ton in 2021, rising by 29% against the previous year. Over the last nine years, it increased at an average annual rate of +1.9%. As a result, import price reached 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 2021, the country with the highest price was Saudi Arabia ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+35.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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