United Arab Emirates: Container Market 2024

Container Market Size in the United Arab Emirates

In 2022, the container market in the United Arab Emirates decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, recorded resilient growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Container Production in the United Arab Emirates

In value terms, container production expanded to $X in 2022 estimated in export price. In general, production saw a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Container production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Container Exports

Exports from the United Arab Emirates

In 2022, approx. X units of tanks, casks, drums, cans, boxes and similar containers were exported from the United Arab Emirates; growing by X% compared with 2021. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, container exports skyrocketed to $X in 2022. Over the period under review, exports posted strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Oman (X units), the United States (X units) and Saudi Arabia (X units) were the main destinations of container exports from the United Arab Emirates, together accounting for X% of total exports. Afghanistan, Kuwait, Canada, Guinea, Ghana, Cote d'Ivoire, Sierra Leone, Tanzania, Bahrain and Tunisia lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest markets for container exported from the United Arab Emirates were the United States ($X), Oman ($X) and Saudi Arabia ($X), with a combined X% share of total exports. Canada, Afghanistan, Kuwait, Guinea, Ghana, Tanzania, Cote d'Ivoire, Sierra Leone, Bahrain and Tunisia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Tunisia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average container export price amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

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 ($X per unit), while the average price for exports to Oman ($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 Guinea (X%), while the prices for the other major destinations experienced more modest paces of growth.

Container Imports

Imports into the United Arab Emirates

In 2022, purchases abroad of tanks, casks, drums, cans, boxes and similar containers increased by X% to X units, rising for the third consecutive year after three years of decline. In general, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, container imports expanded significantly to $X in 2022. Overall, imports, however, continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Saudi Arabia (X units) constituted the largest supplier of container to the United Arab Emirates, accounting for a X% share of total imports. Moreover, container imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by India (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Saudi Arabia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, the largest container suppliers to the United Arab Emirates were Saudi Arabia ($X), China ($X) and India ($X), together comprising X% of total imports. Turkey, Sri Lanka, Egypt, Oman and Kuwait lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average container import price amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 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 Egypt ($X per unit), while the price for Kuwait (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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