United Arab Emirates: Electrical Circuit Apparatus Market 2024

Electrical Circuit Apparatus Market Size in the United Arab Emirates

The electrical circuit apparatus market in the United Arab Emirates fell rapidly to $X in 2021, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electrical Circuit Apparatus Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of electrical apparatus for circuit connection, switching and protection increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus exports skyrocketed to $X in 2021. Over the period under review, exports recorded strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X units) was the main destination for electrical circuit apparatus exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, electrical circuit apparatus exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X units), sixfold. The third position in this ranking was taken by Bahrain (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Bahrain (X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for electrical apparatus for circuit connection, switching and protection exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Kuwait, with an X% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Kuwait (X% per year).

Export Prices by Country

The average electrical circuit apparatus export price stood at $X per unit in 2021, with an increase of X% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electrical circuit apparatus export price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Uganda ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Electrical Circuit Apparatus Imports

Imports into the United Arab Emirates

In 2021, the amount of electrical apparatus for circuit connection, switching and protection imported into the United Arab Emirates soared to X units, rising by X% compared with the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical circuit apparatus imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest electrical circuit apparatus supplier to the United Arab Emirates, accounting for a X% share of total imports. Moreover, electrical circuit apparatus imports from China exceeded the figures recorded by the second-largest supplier, India (X units), sixfold. The third position in this ranking was taken by Italy (X units), with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of electrical apparatus for circuit connection, switching and protection to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by Germany, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

Import Prices by Country

In 2021, the average electrical circuit apparatus import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price recorded a mild descent. The pace of growth was the most pronounced in 2014 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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