United Arab Emirates: Plough Market 2024

Plough Market Size in the United Arab Emirates

In 2022, the plough market in the United Arab Emirates increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption posted modest growth. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Plough Production in the United Arab Emirates

In value terms, plough production dropped to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Plough Exports

Exports from the United Arab Emirates

After three years of growth, overseas shipments of ploughs for agricultural purposes decreased by X% to X units in 2022. In general, exports, however, posted a noticeable expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then fell dramatically in the following year.

In value terms, plough exports soared to $X in 2022. Overall, exports, however, showed a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units) was the main destination for plough exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, plough exports to the United States exceeded the volume sent to the second major destination, Oman (X units), fivefold. The third position in this ranking was held by the UK (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and the UK (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for ploughs for agricultural purposes exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Oman, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the average plough export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Plough Imports

Imports into the United Arab Emirates

Plough imports into the United Arab Emirates surged to X units in 2022, jumping by X% on 2021 figures. Overall, imports posted a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, plough imports surged to $X in 2022. In general, imports posted a buoyant increase. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Italy (X units) was the main plough supplier to the United Arab Emirates, accounting for a X% share of total imports. It was followed by Portugal (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%.

In value terms, Italy ($X) constituted the largest supplier of ploughs for agricultural purposes to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Portugal ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Italy stood at X%.

Import Prices by Country

In 2022, the average plough import price amounted to $X per unit, reducing by X% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plough import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for Italy totaled $X per unit.

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

Source: IndexBox Platform

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