Price for Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates - 2022
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates (CIF) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates (FOB) - 2022
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates
Price for Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates (CIF) - 2022
The average import price for machinery; parts of the machinery of heading no. 8427 stood at $14,095 per ton in 2022, with an increase of 27% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 83% against the previous year. Over the period under review, average import prices attained the peak figure at $21,832 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($46,518 per ton), while the price for China ($4,769 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for machinery; parts of the machinery of heading no. 8427 amounted to $5,245 per ton, reducing by -35.3% against the previous year. Overall, the export price showed a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 51% against the previous year. The export price peaked at $10,285 per ton in 2012; however, from 2013 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 Kuwait ($13,364 per ton), while the average price for exports to Bangladesh ($1,051 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 Zambia (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into the United Arab Emirates was estimated at 1.4K tons, with an increase of 4.2% against 2021 figures. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +10.1% 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 +96.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 88%. Over the period under review, imports of machinery; parts of machinery of heading no. 8427 hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 surged to $20M in 2022. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2021 when imports increased by 57%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,225 | 704 | 1,119 | 4,358 | 52.7% |
| China | 795 | 1,562 | 2,782 | 3,199 | 59.1% |
| Belgium | 1,491 | 1,288 | 1,694 | 1,909 | 8.6% |
| Italy | 659 | 486 | 644 | 1,757 | 38.7% |
| United States | 1,427 | 1,144 | 2,042 | 1,492 | 1.5% |
| United Kingdom | 2,204 | 899 | 997 | 1,351 | -15.1% |
| Japan | 518 | 262 | 364 | 1,086 | 28.0% |
| Netherlands | 500 | 313 | 524 | 619 | 7.4% |
| Sweden | 926 | 644 | 696 | 529 | -17.0% |
| South Korea | 554 | 694 | 1,159 | 475 | -5.0% |
| Turkey | 53.9 | 66.8 | 74.8 | 415 | 97.5% |
| France | 368 | 662 | 616 | 346 | -2.0% |
| India | 357 | 165 | 207 | 256 | -10.5% |
| Others | 893 | 484 | 1,834 | 1,738 | 24.9% |
| Total | 11,972 | 9,374 | 14,753 | 19,530 | 17.7% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to the United Arab Emirates in 2022:
- China (670.7 tons)
- Germany (149.7 tons)
- Italy (88.4 tons)
- South Korea (59.8 tons)
- United States (55.4 tons)
- United Kingdom (51.7 tons)
- Turkey (45.8 tons)
- Belgium (41.0 tons)
- Netherlands (37.2 tons)
- France (35.7 tons)
- Japan (30.9 tons)
- Sweden (15.2 tons)
- India (13.7 tons)
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates
In 2022, exports of machinery; parts of the machinery of heading no. 8427 from the United Arab Emirates skyrocketed to 1K tons, with an increase of 322% against 2021. Overall, exports enjoyed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 surged to $5.5M in 2022. Over the period under review, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iraq | N/A | N/A | N/A | 1,168 | 0% |
| Saudi Arabia | 85.7 | 85.3 | 145 | 1,071 | 132.1% |
| Oman | 1,380 | 1,442 | 926 | 949 | -11.7% |
| Angola | 2.9 | 3.9 | 17.8 | 487 | 451.7% |
| Kuwait | 971 | 30.7 | 32.4 | 279 | -34.0% |
| Iran | 22.4 | 145 | 138 | 148 | 87.6% |
| Azerbaijan | N/A | N/A | N/A | 139 | 0% |
| United Kingdom | 0.9 | N/A | N/A | 73.2 | 333.3% |
| Bangladesh | N/A | N/A | N/A | 21.0 | 0% |
| Others | 88.2 | 431 | 751 | 1,156 | 135.8% |
| Total | 2,551 | 2,138 | 2,011 | 5,491 | 29.1% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from the United Arab Emirates in 2022:
- Iraq (455.9 tons)
- Oman (146.6 tons)
- Saudi Arabia (137.6 tons)
- Azerbaijan (46.7 tons)
- Angola (40.4 tons)
- Iran (23.3 tons)
- Kuwait (20.9 tons)
- Bangladesh (20.0 tons)
- United Kingdom (16.5 tons)
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