United Arab Emirates: Shipping Market 2024

Shipping Market Size in the United Arab Emirates

For the third year in a row, the shipping market in the United Arab Emirates recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption saw a sharp slump. Shipping consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Shipping Production in the United Arab Emirates

In value terms, shipping production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Shipping Exports

Exports from the United Arab Emirates

In 2022, shipping exports from the United Arab Emirates rose significantly to X units, increasing by X% against the previous year. In general, exports saw a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, shipping exports contracted notably to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units), Oman (X units) and Australia (X units) were the main destinations of shipping exports from the United Arab Emirates, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cote d'Ivoire (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Australia ($X) and Kuwait ($X) constituted the largest markets for shipping exported from the United Arab Emirates worldwide, with a combined X% share of total exports.

Among the main countries of destination, Australia, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average shipping export price stood at $X,085 per unit in 2022, reducing by X% against the previous year. Overall, the export price showed a drastic downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X,103 per unit in 2012; however, from 2013 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 China ($X,800 per unit), while the average price for exports to Oman ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Shipping Imports

Imports into the United Arab Emirates

Shipping imports into the United Arab Emirates declined sharply to X units in 2022, reducing by X% against 2021. Overall, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, shipping imports contracted dramatically to $X in 2022. Over the period under review, imports continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X units), Madagascar (X units) and India (X units) were the main suppliers of shipping imports to the United Arab Emirates, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Pakistan ($X) and China ($X) were the largest shipping suppliers to the United Arab Emirates, together accounting for X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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 shipping import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price faced a sharp setback. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X,717 per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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