United Arab Emirates: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2023

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in the United Arab Emirates

In 2021, the market for machine-tools for working stone, ceramics, and concrete in the United Arab Emirates increased by 63% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption posted a pronounced expansion. Machine tools for working stone consumption peaked in 2021 and is likely to continue growth in the immediate term.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in the United Arab Emirates

In value terms, machine tools for working stone production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 566%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from the United Arab Emirates

In 2021, approx. X units of machine-tools for working stone, ceramics, and concrete were exported from the United Arab Emirates; which is down by -73.7% against 2020 figures. Overall, exports continue to indicate a mild decline. The pace of growth was the most pronounced in 2019 with an increase of 176%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports reduced notably to $X in 2021. Over the period under review, exports recorded a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of 205%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units), Democratic Republic of the Congo (X units) and Uganda (X units) were the main destinations of machine tools for working stone exports from the United Arab Emirates, with a combined 76% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of +100.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from the United Arab Emirates, comprising 42% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by Democratic Republic of the Congo, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman amounted to +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+4.1% per year) and Democratic Republic of the Congo (+81.2% per year).

Export Prices by Country

In 2021, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, with an increase of 19% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 44%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Zimbabwe ($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 the United States (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into the United Arab Emirates

Machine tools for working stone imports into the United Arab Emirates rose markedly to X units in 2021, surging by 8.1% compared with 2020 figures. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 123%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, machine tools for working stone imports soared to $X in 2021. Overall, imports posted a noticeable expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Italy (X units), China (X units) and Montenegro (X units) were the main suppliers of machine tools for working stone imports to the United Arab Emirates, together accounting for 88% of total imports. Hungary and Spain lagged somewhat behind, together accounting for a further 5%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +10.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), China ($X) and Hungary ($X) constituted the largest machine tools for working stone suppliers to the United Arab Emirates, with a combined 35% share of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +21.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average import price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, rising by 115% against the previous year. In general, the import price continues to indicate a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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