United Arab Emirates: Market for Wiring sets used in vehicles, aircraft or ships 2023

Market Size for Wiring sets used in vehicles, aircraft or ships in the United Arab Emirates

In 2021, after four years of growth, there was significant decline in the market for wiring sets used in vehicles, aircraft or ships in the United Arab Emirates, when its value decreased by -19% to $X. Overall, consumption, however, enjoyed a prominent expansion. As a result, consumption attained the peak level of $X, and then dropped sharply in the following year.

Production of Wiring sets used in vehicles, aircraft or ships in the United Arab Emirates

In value terms, production of wiring sets used in vehicles, aircraft or ships contracted dramatically to $X in 2021 estimated in export price. In general, production, however, showed a prominent increase. The growth pace was the most rapid in 2020 with an increase of 45% against the previous year. As a result, production reached the peak level of $X, and then shrank dramatically in the following year.

Exports of Wiring sets used in vehicles, aircraft or ships

Exports from the United Arab Emirates

In 2021, exports of wiring sets used in vehicles, aircraft or ships from the United Arab Emirates expanded rapidly to X tons, growing by 7.7% on the year before. Overall, total exports indicated perceptible growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% 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 decreased by -31.1% against 2019 indices. The pace of growth appeared the most rapid in 2016 when exports increased by 75% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of wiring sets used in vehicles, aircraft or ships reached $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 37% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Austria (X tons) was the main destination for exports of wiring sets used in vehicles, aircraft or ships from the United Arab Emirates, accounting for a 56% share of total exports. Moreover, exports of wiring sets used in vehicles, aircraft or ships to Austria exceeded the volume sent to the second major destination, Germany (X tons), threefold. The third position in this ranking was taken by the Czech Republic (X tons), with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Austria was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+19.0% per year) and the Czech Republic (+39.1% per year).

In value terms, Austria ($X), Germany ($X) and the UK ($X) appeared to be the largest markets for wiring sets used in vehicles, aircraft or ships exported from the United Arab Emirates worldwide, together comprising 70% of total exports. These countries were followed by Ireland, the Czech Republic, Slovakia, the United States, Moldova and China, which together accounted for a further 24%.

In terms of the main countries of destination, Moldova, with a CAGR of +135.8%, 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 2021, the average export price for wiring sets used in vehicles, aircraft or ships amounted to $X per ton, which is down by -6.1% against the previous year. Overall, the export price recorded a slight curtailment. The most prominent rate of growth was recorded in 2017 an increase of 23% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to Austria ($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 Moldova (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Wiring sets used in vehicles, aircraft or ships

Imports into the United Arab Emirates

Imports of wiring sets used in vehicles, aircraft or ships into the United Arab Emirates soared to X tons in 2021, growing by 28% compared with 2020. Overall, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 34%. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of wiring sets used in vehicles, aircraft or ships skyrocketed to $X in 2021. Over the period under review, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest wiring sets used in vehicles, aircraft or ships supplier to the United Arab Emirates, accounting for a 53% share of total imports. Moreover, imports of wiring sets used in vehicles, aircraft or ships from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.0% per year) and Japan (-4.0% per year).

In value terms, China ($X), the United States ($X) and the UK ($X) constituted the largest wiring sets used in vehicles, aircraft or ships suppliers to the United Arab Emirates, together comprising 68% of total imports. These countries were followed by Germany, Japan, Oman, India, the Czech Republic and Saudi Arabia, which together accounted for a further 14%.

In terms of the main suppliers, Oman, with a CAGR of +117.0%, saw the highest growth rate of 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 wiring sets used in vehicles, aircraft or ships stood at $X per ton in 2021, picking up by 24% against the previous year. Over the period under review, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 an increase of 74%. Over the period under review, average import prices hit record highs in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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