United Arab Emirates: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in the United Arab Emirates

In 2020, the market for iron or steel leaf-springs and leaves in the United Arab Emirates decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Over the period under review, consumption saw a pronounced slump. The pace of growth appeared the most rapid in 2018 when the market value increased by X% y-o-y. Consumption peaked at $X in 2019, and then contracted significantly in the following year.

Production of Iron Or Steel Leaf-Springs And Leaves in the United Arab Emirates

In value terms, production of iron or steel leaf-springs and leaves soared to $X in 2020 estimated in export prices. Overall, production saw a moderate increase. The most prominent rate of growth was recorded in 2008 with an increase of X% year-to-year. Production peaked at $X in 2010; however, from 2011 to 2020, production stood at a somewhat lower figure.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from the United Arab Emirates

After four years of decline, shipments abroad of iron or steel leaf-springs and leaves increased by X% to X tons in 2020. In general, total exports indicated a tangible expansion from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of iron or steel leaf-springs and leaves skyrocketed to $X in 2020. Over the period under review, total exports indicated a pronounced increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Saudi Arabia (X tons) was the main destination for exports of iron or steel leaf-springs and leaves from the United Arab Emirates, accounting for a X% share of total exports. Moreover, exports of iron or steel leaf-springs and leaves to Saudi Arabia exceeded the volume sent to the second major destination, Sudan (X tons), fourfold. Oman (X tons) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+X% per year) and Oman (+X% per year).

In value terms, Saudi Arabia ($X) remains the key foreign market for iron or steel leaf-spring and leave exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was occupied by Oman ($X), with a X% share of total exports. It was followed by Sudan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Saudi Arabia stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+X% per year) and Sudan (+X% per year).

Export Prices by Country

The average export price for iron or steel leaf-springs and leaves stood at $X per ton in 2020, surging by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% y-o-y. The export price peaked at $X per ton in 2009; however, from 2010 to 2020, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Oman ($X per ton), while the average price for exports to Madagascar ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Syrian Arab Republic, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into the United Arab Emirates

In 2020, overseas purchases of iron or steel leaf-springs and leaves increased by X% to X tons, rising for the second year in a row after four years of decline. In general, imports showed a slight expansion. The pace of growth was the most pronounced in 2012 with an increase of X% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2020, imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves soared to $X in 2020. Overall, total imports indicated modest growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2012 when imports increased by X% year-to-year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

India (X tons), China (X tons) and Japan (X tons) were the main suppliers of imports of iron or steel leaf-springs and leaves to the United Arab Emirates, together comprising X% of total imports. These countries were followed by Romania, which accounted for a further X 2007 to 2020, the biggest increases were in Romania (+X% per year), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel leaf-spring and leave suppliers to the United Arab Emirates were India ($X), China ($X) and Japan ($X), together accounting for X% of total imports. These countries were followed by Romania, which accounted for a further X saw the highest growth rate of the value of imports, in terms of the main suppliers 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 iron or steel leaf-springs and leaves stood at $X per ton in 2020, declining by -X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Japan ($X per ton), while the price for Romania ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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