United Arab Emirates: Market for Machinery for Liquefying Air or Gases 2024

Market Size for Machinery for Liquefying Air or Gases in the United Arab Emirates

The air or gas liquefier market in the United Arab Emirates fell to $X in 2022, declining by -4.5% against the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Air or gas liquefier consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Production of Machinery for Liquefying Air or Gases in the United Arab Emirates

In value terms, air or gas liquefier production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 83%. Air or gas liquefier production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Exports of Machinery for Liquefying Air or Gases

Exports from the United Arab Emirates

Air or gas liquefier exports from the United Arab Emirates was estimated at X units in 2022, increasing by 6.2% on 2021. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of 950% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, air or gas liquefier exports reduced modestly to $X in 2022. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 162% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Hungary (X units), Germany (X units) and the United States (X units) were the main destinations of air or gas liquefier exports from the United Arab Emirates, with a combined 59% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +14.9%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for air or gas liquefier exported from the United Arab Emirates were Hungary ($X), Germany ($X) and the United States ($X), with a combined 50% share of total exports.

Hungary, with a CAGR of +2,524.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average air or gas liquefier export price stood at $X per unit in 2022, declining by -10.9% against the previous year. Over the period under review, the export price, however, saw a significant expansion. The growth pace was the most rapid in 2016 an increase of 970%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Hungary ($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 Bangladesh (+681.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machinery for Liquefying Air or Gases

Imports into the United Arab Emirates

In 2022, after five years of growth, there was decline in supplies from abroad of machinery for liquefying air or gases, when their volume decreased by 0% to X units. Overall, imports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2020 with an increase of 175% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, air or gas liquefier imports declined to $X in 2022. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 214%. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

China (X units) and India (X units) were the main suppliers of air or gas liquefier imports to the United Arab Emirates.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +81.7%).

In value terms, India ($X) constituted the largest supplier of machinery for liquefying air or gases to the United Arab Emirates, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 30% share of total imports. It was followed by Israel, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value from India amounted to +43.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.8% per year) and Israel (-86.1% per year).

Import Prices by Country

In 2022, the average air or gas liquefier import price amounted to $X per unit, which is down by -10.9% against the previous year. Overall, the import price recorded a deep contraction. The growth pace was the most rapid in 2016 when the average import price increased by 122% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+6,023.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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