United Arab Emirates: Timer Market 2024

Timer Market Size in the United Arab Emirates

The timer market in the United Arab Emirates declined significantly to $X in 2022, which is down by -33.1% against the previous year. In general, consumption saw a deep contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Timer Production in the United Arab Emirates

In value terms, timer production stood at $X in 2022 estimated in export price. Overall, production, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of 112%. Timer production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Timer Exports

Exports from the United Arab Emirates

For the third year in a row, the United Arab Emirates recorded growth in overseas shipments of timers, which increased by 97% to X units in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 128%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, timer exports reduced to $X in 2022. Overall, exports posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by 191% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then dropped in the following year.

Exports by Country

Mozambique (X units), Zimbabwe (X units) and the Netherlands (X units) were the main destinations of timer exports from the United Arab Emirates, together comprising 91% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +133.9%), while the other leaders experienced more modest paces of growth.

In value terms, Zimbabwe ($X) emerged as the key foreign market for timers exports from the United Arab Emirates, comprising 65% of total exports. The second position in the ranking was held by Mozambique ($X), with an 11% share of total exports. It was followed by the Netherlands, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Zimbabwe amounted to +117.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+51.0% per year) and the Netherlands (+183.2% per year).

Export Prices by Country

In 2022, the average timer export price amounted to $X per unit, waning by -54.2% against the previous year. Overall, the export price saw a mild curtailment. The pace of growth appeared the most rapid in 2016 when the average export price increased by 51% against the previous year. The export price peaked at $X per unit in 2021, and then reduced sharply in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Mozambique ($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 Poland (+199.9%), while the prices for the other major destinations experienced more modest paces of growth.

Timer Imports

Imports into the United Arab Emirates

In 2022, approx. X units of timers were imported into the United Arab Emirates; surging by 27% on the year before. Overall, imports, however, faced a abrupt setback. The growth pace was the most rapid in 2013 when imports increased by 95%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, timer imports dropped remarkably to $X in 2022. Over the period under review, imports, however, showed a drastic downturn. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest timer supplier to the United Arab Emirates, with a 45% share of total imports. Moreover, timer imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), tenfold. Singapore (X units) ranked third in terms of total imports with a 2.4% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.4% per year) and Singapore (-15.9% per year).

In value terms, the Netherlands ($X), China ($X) and the United States ($X) constituted the largest timer suppliers to the United Arab Emirates, together accounting for 53% of total imports.

The Netherlands, with a CAGR of +21.5%, recorded 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 a decline.

Import Prices by Country

In 2022, the average timer import price amounted to $X per unit, reducing by -34.4% against the previous year. In general, the import price recorded a deep contraction. The growth pace was the most rapid in 2016 when the average import price increased by 126%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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 the Netherlands ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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