United Arab Emirates: Market for Grinding, Sanding and Polishing Machines 2022

Market Size for Grinding, Sanding and Polishing Machines in the United Arab Emirates

In 2021, the market for grinding, sanding and polishing machines in the United Arab Emirates increased by 38% to $X, rising for the second year in a row after two years of decline. In general, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +82.1% against 2019 indices. Grinding, sanding and polishing machine consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Grinding, Sanding and Polishing Machines in the United Arab Emirates

In value terms, grinding, sanding and polishing machine production declined to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by 42% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Exports of Grinding, Sanding and Polishing Machines

Exports from the United Arab Emirates

In 2021, the amount of grinding, sanding and polishing machines exported from the United Arab Emirates shrank significantly to X units, reducing by -36.3% compared with 2020 figures. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 178%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, grinding, sanding and polishing machine exports skyrocketed to $X in 2021. Overall, exports, however, showed a remarkable increase. 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), India (X units) and Seychelles (X units) were the main destinations of grinding, sanding and polishing machine exports from the United Arab Emirates, with a combined 66% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of +10,333.3%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for grinding, sanding and polishing machine exports from the United Arab Emirates, comprising 58% of total exports. The second position in the ranking was held by India ($X), with a 7.4% share of total exports. It was followed by Jordan, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Saudi Arabia amounted to +9,676.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+30.3% per year) and Jordan (0.0% per year).

Export Prices by Country

In 2021, the average export price for grinding, sanding and polishing machines amounted to $X per unit, growing by 523% against the previous year. Overall, the export price enjoyed buoyant growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Seychelles ($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 Democratic Republic of the Congo (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Grinding, Sanding and Polishing Machines

Imports into the United Arab Emirates

After three years of decline, purchases abroad of grinding, sanding and polishing machines increased by 445% to X units in 2021. Over the period under review, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, grinding, sanding and polishing machine imports skyrocketed to $X in 2021. In general, imports saw a resilient expansion. 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 grinding, sanding and polishing machine supplier to the United Arab Emirates, with a 62% share of total imports. Moreover, grinding, sanding and polishing machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Austria (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +63.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.2% per year) and Austria (+41.6% per year).

In value terms, Germany ($X), China ($X) and Austria ($X) appeared to be the largest grinding, sanding and polishing machine suppliers to the United Arab Emirates, together accounting for 64% of total imports.

In terms of the main suppliers, China, with a CAGR of +48.8%, 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 import price for grinding, sanding and polishing machines stood at $X per unit in 2021, surging by 4.1% against the previous year. Over the period under review, the import price, however, continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 72%. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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