United Arab Emirates: Stone Sawing Machine Market 2023

Stone Sawing Machine Market Size in the United Arab Emirates

In 2021, the stone sawing machine market in the United Arab Emirates increased by 71% to $X, rising for the second year in a row after four years of decline. Over the period under review, consumption showed a resilient expansion. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Stone Sawing Machine Exports

Exports from the United Arab Emirates

After two years of growth, shipments abroad of sawing machines for working stone, ceramics and concrete decreased by -66.7% to X units in 2021. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 538% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, stone sawing machine exports dropped dramatically to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 769% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

India (X units), Oman (X units) and Bahrain (X units) were the main destinations of stone sawing machine exports from the United Arab Emirates, together comprising 43% of total exports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +64.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for stone sawing machine exported from the United Arab Emirates were Saudi Arabia ($X), Oman ($X) and Bahrain ($X), with a combined 36% share of total exports.

Bahrain, with a CAGR of +76.9%, 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 more modest paces of growth.

Export Prices by Country

In 2021, the average stone sawing machine export price amounted to $X per unit, reducing by -24.5% against the previous year. Overall, the export price, however, showed a strong increase. The growth pace was the most rapid in 2015 an increase of 64% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Italy ($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 (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of sawing machines for working stone, ceramics and concrete increased by 68% to X units, rising for the second consecutive year after four years of decline. In general, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 70% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, stone sawing machine imports skyrocketed to $X in 2021. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 89% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of stone sawing machine to the United Arab Emirates, with a 56% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), ninefold. The third position in this ranking was held by India (X units), with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-11.2% per year) and India (+1.2% per year).

In value terms, China ($X), Italy ($X) and India ($X) appeared to be the largest stone sawing machine suppliers to the United Arab Emirates, together accounting for 38% of total imports. These countries were followed by Turkey and Syrian Arab Republic, which together accounted for a further 1.4%.

Turkey, with a CAGR of +24.5%, recorded 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 mixed trend patterns.

Import Prices by Country

The average stone sawing machine import price stood at $X per unit in 2021, reducing by -8.9% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 49%. As a result, import price attained the peak level of $X per unit, and then reduced in the following year.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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