United Arab Emirates: Market for Toothed wheels, chain sprockets and other transmission elements 2024

Market Size for Toothed wheels, chain sprockets and other transmission elements in the United Arab Emirates

The market for toothed wheels, chain sprockets and other transmission elements in the United Arab Emirates soared to $X in 2021, with an increase of 55% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a strong increase. Consumption of peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Exports of Toothed wheels, chain sprockets and other transmission elements

Exports from the United Arab Emirates

In 2021, exports of toothed wheels, chain sprockets and other transmission elements from the United Arab Emirates fell modestly to X tons, flattening at the previous year's figure. Over the period under review, exports, however, continue to indicate temperate growth. The pace of growth appeared the most rapid in 2017 with an increase of 121%. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of toothed wheels, chain sprockets and other transmission elements stood at $X in 2021. In general, total exports indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +26.9% against 2019 indices. The growth pace was the most rapid in 2017 when exports increased by 54%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Oman (X tons), India (X tons) and Thailand (X tons) were the main destinations of exports of toothed wheels, chain sprockets and other transmission elements from the United Arab Emirates, together comprising 54% of total exports. Zambia, Germany, Rwanda, the United States, Belgium, Nigeria, Saudi Arabia, Ukraine and Egypt lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Rwanda (with a CAGR of +68.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for toothed wheels, chain sprockets and other transmission elements exported from the United Arab Emirates were Oman ($X), India ($X) and Thailand ($X), together accounting for 58% of total exports. These countries were followed by Germany, the United States, Saudi Arabia, Belgium, Zambia, Rwanda, Nigeria, Ukraine and Egypt, which together accounted for a further 17%.

Rwanda, with a CAGR of +73.2%, saw the highest growth rate of 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

The average export price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, leveling off at the previous year. Overall, the export price, however, continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 when the average export price increased by 103% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+14.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Toothed wheels, chain sprockets and other transmission elements

Imports into the United Arab Emirates

In 2021, supplies from abroad of toothed wheels, chain sprockets and other transmission elements increased by 39% to X tons, rising for the second consecutive year after three years of decline. In general, imports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2016 when imports increased by 66% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of toothed wheels, chain sprockets and other transmission elements soared to $X in 2021. Over the period under review, imports showed strong growth. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest toothed wheels, chain sprockets and other transmission elements supplier to the United Arab Emirates, with a 51% share of total imports. Moreover, imports of toothed wheels, chain sprockets and other transmission elements from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), tenfold. Indonesia (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.0% per year) and Indonesia (+94.3% per year).

In value terms, the largest toothed wheels, chain sprockets and other transmission elements suppliers to the United Arab Emirates were the United States ($X), Germany ($X) and China ($X), with a combined 45% share of total imports. These countries were followed by Indonesia, Italy and India, which together accounted for a further 5.9%.

Among the main suppliers, Indonesia, with a CAGR of +118.3%, 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

The average import price for toothed wheels, chain sprockets and other transmission elements stood at $X per ton in 2021, with an increase of 8.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2017 when the average import price increased by 24% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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