United Arab Emirates: Vacuum Pump Market 2024

Vacuum Pump Market Size in the United Arab Emirates

In 2022, after four years of growth, there was significant decline in the vacuum pump market in the United Arab Emirates, when its value decreased by -7% to $X. Over the period under review, consumption, however, saw a resilient increase. Vacuum pump consumption peaked at $X in 2021, and then dropped in the following year.

Vacuum Pump Exports

Exports from the United Arab Emirates

In 2022, the amount of vacuum pumps exported from the United Arab Emirates contracted sharply to X units, declining by -48.5% on the previous year. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 114% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, vacuum pump exports contracted remarkably to $X in 2022. Overall, exports, however, showed a strong expansion. The growth pace was the most rapid in 2017 with an increase of 254% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for vacuum pump exports from the United Arab Emirates, accounting for a 89% share of total exports. Moreover, vacuum pump exports to the United States exceeded the volume sent to the second major destination, Egypt (X units), more than tenfold. India (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +63.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+9.9% per year) and India (+32.8% per year).

In value terms, the United States ($X) remains the key foreign market for vacuum pumps exports from the United Arab Emirates, comprising 83% of total exports. The second position in the ranking was held by India ($X), with a 9.7% share of total exports. It was followed by Egypt, with a 2.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +75.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+40.3% per year) and Egypt (+19.5% per year).

Export Prices by Country

In 2022, the average vacuum pump export price amounted to $X per unit, jumping by 44% against the previous year. Over the period under review, the export price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 65%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Georgia ($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 Georgia (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Vacuum Pump Imports

Imports into the United Arab Emirates

After four years of growth, purchases abroad of vacuum pumps decreased by -8% to X units in 2022. Over the period under review, imports, however, enjoyed prominent growth. The growth pace was the most rapid in 2013 with an increase of 51% against the previous year. Imports peaked at X units in 2021, and then reduced in the following year.

In value terms, vacuum pump imports reduced to $X in 2022. In general, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.6% against 2017 indices. The growth pace was the most rapid in 2019 when imports increased by 54% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest vacuum pump supplier to the United Arab Emirates, with a 33% share of total imports. Moreover, vacuum pump imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fourfold. The UK (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+5.4% per year) and the UK (-7.2% per year).

In value terms, China ($X), the UK ($X) and Germany ($X) constituted the largest vacuum pump suppliers to the United Arab Emirates, with a combined 34% share of total imports. The United States, Italy, the Netherlands and Turkey lagged somewhat behind, together accounting for a further 21%.

In terms of the main suppliers, Turkey, with a CAGR of +59.3%, recorded the highest rates of growth with regard to 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 vacuum pump import price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by 38%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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