United Arab Emirates: Gear Box Market 2024

Gear Box Market Size in the United Arab Emirates

In 2022, the gear box market in the United Arab Emirates decreased by X% to $X for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, consumption, however, showed buoyant growth. As a result, consumption attained the peak level of $X, and then contracted remarkably in the following year.

Gear Box Production in the United Arab Emirates

In value terms, gear box production rose rapidly to $X in 2022 estimated in export price. Overall, production continues to indicate buoyant growth. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Gear Box Exports

Exports from the United Arab Emirates

In 2022, approx. X units of gear boxes were exported from the United Arab Emirates; rising by X% on the previous year. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, gear box exports soared to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X units) was the main destination for gear box exports from the United Arab Emirates, with a X% share of total exports. Moreover, gear box exports to Saudi Arabia exceeded the volume sent to the second major destination, Kenya (X units), twofold. Tanzania (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (X% per year) and Tanzania (X% per year).

In value terms, Saudi Arabia ($X) emerged as the key foreign market for gear boxes exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Iraq ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iraq (X% per year) and Oman (X% per year).

Export Prices by Country

The average gear box export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the average price for exports to Cameroon ($X 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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Gear Box Imports

Imports into the United Arab Emirates

In 2022, after three years of growth, there was significant decline in overseas purchases of gear boxes, when their volume decreased by X% to X units. In general, imports, however, recorded a measured expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then fell dramatically in the following year.

In value terms, gear box imports contracted sharply to $X in 2022. Overall, imports, however, continue to indicate measured growth. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then fell remarkably in the following year.

Imports by Country

Japan (X units), the United States (X units) and China (X units) were the main suppliers of gear box imports to the United Arab Emirates, together comprising X% of total imports. Germany, Italy, India, Poland, Hungary, Romania, Slovakia, South Korea, the UK and Mexico lagged somewhat behind, together accounting for a further X%.

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

In value terms, Japan ($X), the United States ($X) and Germany ($X) appeared to be the largest gear box suppliers to the United Arab Emirates, with a combined X% share of total imports. Hungary, Italy, China, South Korea, Mexico, India, the UK, Poland, Romania and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Slovakia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average gear box import price amounted to $X per unit, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 Hungary ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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