United Arab Emirates: Market for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers 2024

Market Size for Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers in the United Arab Emirates

In 2022, the market for iron or steel gas domestic cooking appliances and plate warmers in the United Arab Emirates decreased by -8.8% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Exports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Exports from the United Arab Emirates

In 2022, the amount of iron or steel gas domestic cooking appliances and plate warmers exported from the United Arab Emirates declined markedly to X units, waning by -18% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 175%. Over the period under review, the exports of reached the peak figure at X units in 2021, and then reduced sharply in the following year.

In value terms, exports of iron or steel gas domestic cooking appliances and plate warmers dropped to $X in 2022. Overall, exports, however, posted resilient growth. The pace of growth appeared the most rapid in 2017 when exports increased by 577% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Mauritius (X units) was the main destination for exports of iron or steel gas domestic cooking appliances and plate warmers from the United Arab Emirates, accounting for a 35% share of total exports. Moreover, exports of iron or steel gas domestic cooking appliances and plate warmers to Mauritius exceeded the volume sent to the second major destination, Turkey (X units), fourfold. The third position in this ranking was held by Sri Lanka (X units), with an 8.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mauritius stood at +126.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+155.5% per year) and Sri Lanka (+10.3% per year).

In value terms, Turkey ($X) emerged as the key foreign market for iron or steel gas domestic cooking appliances and plate warmers exports from the United Arab Emirates, comprising 38% of total exports. The second position in the ranking was taken by Mauritius ($X), with a 16% share of total exports. It was followed by Rwanda, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Turkey stood at +125.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mauritius (+117.4% per year) and Rwanda (+58.9% per year).

Export Prices by Country

The average export price for iron or steel gas domestic cooking appliances and plate warmers stood at $X per unit in 2022, rising by 13% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 147%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to India ($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 Israel (+62.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron or Steel Gas Domestic Cooking Appliances and Plate Warmers

Imports into the United Arab Emirates

After two years of growth, supplies from abroad of iron or steel gas domestic cooking appliances and plate warmers decreased by -7.8% to X units in 2022. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of 19%. Over the period under review, imports of reached the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, imports of iron or steel gas domestic cooking appliances and plate warmers dropped to $X in 2022. Overall, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2016 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

China (X units), Turkey (X units) and India (X units) were the main suppliers of imports of iron or steel gas domestic cooking appliances and plate warmers to the United Arab Emirates, with a combined 74% 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 India (with a CAGR of +9.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest iron or steel gas domestic cooking appliances and plate warmers suppliers to the United Arab Emirates were China ($X), Turkey ($X) and Italy ($X), with a combined 76% share of total imports. Egypt and India lagged somewhat behind, together accounting for a further 3.8%.

India, with a CAGR of +15.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price for iron or steel gas domestic cooking appliances and plate warmers amounted to $X per unit, shrinking by -4.5% against the previous year. In general, the import price, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 an increase of 65%. The import price peaked at $X per unit in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for India ($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 (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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