United Arab Emirates: Shaft Coupling Market 2024

Shaft Coupling Market Size in the United Arab Emirates

The shaft coupling market in the United Arab Emirates shrank notably to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Shaft Coupling Production in the United Arab Emirates

In value terms, shaft coupling production declined significantly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. Shaft coupling production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Shaft Coupling Exports

Exports from the United Arab Emirates

In 2022, after two years of decline, there was significant growth in overseas shipments of clutches and shaft couplings, when their volume increased by X% to X tons. Overall, exports recorded a remarkable increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, shaft coupling exports skyrocketed to $X in 2022. Over the period under review, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X tons), Gabon (X tons) and Saudi Arabia (X tons) were the main destinations of shaft coupling exports from the United Arab Emirates, with a combined X% share of total exports. Oman, Iran, Nigeria, Pakistan, France, Tanzania, Japan, Ecuador, China and Jordan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for shaft coupling exported from the United Arab Emirates were Saudi Arabia ($X), France ($X) and Iraq ($X), together accounting for X% of total exports. Oman, Pakistan, China, Japan, Iran, Ecuador, Jordan, Gabon, Nigeria and Tanzania lagged somewhat behind, together accounting for a further X%.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average shaft coupling export price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 France ($X per ton), while the average price for exports to Gabon ($X 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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Shaft Coupling Imports

Imports into the United Arab Emirates

In 2022, shaft coupling imports into the United Arab Emirates soared to X tons, with an increase of X% on the previous year. In general, imports posted a resilient increase. The growth pace was the most rapid in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, shaft coupling imports surged to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and the United States (X tons) were the main suppliers of shaft coupling imports to the United Arab Emirates, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Germany ($X) were the largest shaft coupling suppliers to the United Arab Emirates, together accounting for X% of total imports. China, Italy, India, South Korea and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, South Korea, with a CAGR of X%, saw 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 shaft coupling import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep slump. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 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 the United States ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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