Price for Floating or Submersible Drilling or Production Platforms in the United Arab Emirates - 2022

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in the United Arab Emirates (CIF) - 2022
2. Price for Floating or Submersible Drilling or Production Platforms in the United Arab Emirates (FOB) - 2022
3. Imports of Floating or Submersible Drilling or Production Platforms in the United Arab Emirates
4. Exports of Floating or Submersible Drilling or Production Platforms in the United Arab Emirates

Price for Floating or Submersible Drilling or Production Platforms in the United Arab Emirates (CIF) - 2022

The average import price for floating or submersible drilling or production platformses stood at $35,244,877 per unit in 2022, which is down by -80.3% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 258%. Over the period under review, average import prices hit record highs at $178,729,474 per unit in 2021, and then declined sharply in the following year.

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 Singapore ($264,500,061 per unit), while the price for Switzerland ($1,000 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+383.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Floating or Submersible Drilling or Production Platforms in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for floating or submersible drilling or production platformses amounted to $43,469,659 per unit, shrinking by -8% against the previous year. Overall, the export price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2017 an increase of 225% against the previous year. The export price peaked at $157,109,275 per unit in 2018; however, from 2019 to 2022, the 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 India ($258,914,629 per unit), while the average price for exports to Kuwait ($886 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 the UK (+147.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Floating or Submersible Drilling or Production Platforms in the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in overseas purchases of floating or submersible drilling or production platformses, which increased by 50% to 9 units in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of floating or submersible drilling or production platformses contracted dramatically to $317M in 2022. Overall, imports, however, faced a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. As a result, imports reached the peak of $1.1B, and then dropped remarkably in the following year.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to the United Arab Emirates in 2022:

1. United States (1.0 units)
2. Netherlands (1.0 units)
3. Italy (1.0 units)
4. South Africa (1.0 units)
5. Indonesia (1.0 units)
6. India (1.0 units)
7. Singapore (1.0 units)
8. United Kingdom (1.0 units)
9. Switzerland (1.0 units)

Exports of Floating or Submersible Drilling or Production Platforms in the United Arab Emirates

In 2022, exports of floating or submersible drilling or production platformses from the United Arab Emirates skyrocketed to 7 units, with an increase of 40% against the previous year. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of floating or submersible drilling or production platformses surged to $304M in 2022. Overall, exports, however, showed a slight downturn. Over the period under review, the exports of hit record highs at $376M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from the United Arab Emirates in 2022:

1. Saudi Arabia (1.0 units)
2. Italy (1.0 units)
3. Kuwait (1.0 units)
4. India (1.0 units)
5. United Kingdom (1.0 units)
6. China (1.0 units)
7. Benin (1.0 units)

Source: IndexBox Market Intelligence Platform