Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates - 2022

Contents:

1. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates (CIF) - 2022
2. Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates (FOB) - 2022
3. Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates
4. Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates (CIF) - 2022

The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $16,722 per ton in 2022, waning by -35.7% against the previous year. In general, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2019 an increase of 23%. Over the period under review, average import prices hit record highs at $37,950 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($52,475 per ton), while the price for China ($4,635 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates (FOB) - 2022

The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $9,283 per ton in 2022, picking up by 8% against the previous year. Over the period under review, the export price, however, showed a drastic downturn. The pace of growth was the most pronounced in 2018 an increase of 23%. The export price peaked at $20,386 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($25,673 per ton), while the average price for exports to Australia ($1,205 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Oman (-4.6%), while the prices for the other major destinations experienced a decline.

Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates

In 2022, approx. 10K tons of machines and mechanical appliances; parts, of those having individual functionses were imported into the United Arab Emirates; with an increase of 102% against the year before. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses skyrocketed to $170M in 2022. The total import value increased at an average annual rate of +3.8% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat 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.

Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to the United Arab Emirates in 2022:

1. China (4.3K tons)
2. Singapore (1.4K tons)
3. Italy (1.0K tons)
4. India (0.8K tons)
5. United States (0.5K tons)
6. Germany (0.4K tons)
7. South Korea (0.4K tons)
8. United Kingdom (0.3K tons)
9. Netherlands (0.1K tons)

Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in the United Arab Emirates

In 2022, shipments abroad of machines and mechanical appliances; parts, of those having individual functionses decreased by -27.6% to 2.6K tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 26%. As a result, the exports attained the peak of 4.4K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses fell dramatically to $24M in 2022. Over the period under review, exports continue to indicate a precipitous decline.

Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from the United Arab Emirates in 2022:

1. Oman (505.9 tons)
2. Australia (302.8 tons)
3. Germany (270.8 tons)
4. United States (220.0 tons)
5. Nigeria (188.9 tons)
6. China (185.7 tons)
7. India (132.1 tons)
8. Singapore (114.2 tons)
9. Malaysia (77.2 tons)
10. Colombia (65.5 tons)
11. Norway (63.4 tons)
12. United Kingdom (51.4 tons)

Source: IndexBox Market Intelligence Platform