United Arab Emirates: Tractor Market 2024

Tractor Market Size in the United Arab Emirates

After five years of growth, the tractor market in the United Arab Emirates decreased by -2.5% to $X in 2022. In general, consumption continues to indicate measured growth. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Tractor Production in the United Arab Emirates

In value terms, tractor production reached $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 101%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tractor Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of tractors decreased by -12.4% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 418% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, tractor exports reached $X in 2022. In general, exports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 486% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X units), Tanzania (X units) and Uzbekistan (X units) were the main destinations of tractor exports from the United Arab Emirates, together comprising 40% 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 Uzbekistan (with a CAGR of +368.8%), while the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), Uzbekistan ($X) and Mozambique ($X) were the largest markets for tractor exported from the United Arab Emirates worldwide, with a combined 47% share of total exports.

Among the main countries of destination, Uzbekistan, with a CAGR of +519.3%, 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 tractor export price stood at $X per unit in 2022, with an increase of 26% against the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tractor export price decreased by -22.4% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 42%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uzbekistan ($X per unit), while the average price for exports to Tanzania ($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 Uzbekistan (+380.3%), while the prices for the other major destinations experienced more modest paces of growth.

Tractor Imports

Imports into the United Arab Emirates

In 2022, the amount of tractors imported into the United Arab Emirates soared to X units, with an increase of 36% compared with 2021 figures. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 150% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, tractor imports fell dramatically to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 119%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X units) constituted the largest supplier of tractor to the United Arab Emirates, with a 39% share of total imports. Moreover, tractor imports from Ukraine exceeded the figures recorded by the second-largest supplier, Uzbekistan (X units), sixfold. Georgia (X units) ranked third in terms of total imports with a 0.9% share.

From 2012 to 2022, the average annual growth rate of volume from Ukraine amounted to +84.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Uzbekistan (+79,166.7% per year) and Georgia (+164.7% per year).

In value terms, Uzbekistan ($X) constituted the largest supplier of tractors to the United Arab Emirates, comprising 31% of total imports. The second position in the ranking was taken by Ukraine ($X), with a 13% share of total imports. It was followed by Georgia, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Uzbekistan stood at +105,028.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Ukraine (+73.2% per year) and Georgia (+135.5% per year).

Import Prices by Country

The average tractor import price stood at $X per unit in 2022, shrinking by -41.8% against the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth appeared the most rapid in 2019 an increase of 54% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 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 Germany ($X per unit), while the price for Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+32.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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