United Arab Emirates: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in the United Arab Emirates

The mechanical shovel and excavator market in the United Arab Emirates dropped to $X in 2022, declining by X% against the previous year. Overall, consumption faced a deep reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in the United Arab Emirates

In value terms, mechanical shovel and excavator production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Mechanical shovel and excavator production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from the United Arab Emirates

In 2022, approx. X units of mechanical shovels, excavators and shovel loaders were exported from the United Arab Emirates; growing by X% against the previous year's figure. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, mechanical shovel and excavator exports skyrocketed to $X in 2022. Over the period under review, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Iraq (X units) was the main destination for mechanical shovel and excavator exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, mechanical shovel and excavator exports to Iraq exceeded the volume sent to the second major destination, Saudi Arabia (X units), twofold. Kuwait (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iraq stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (X% per year) and Kuwait (X% per year).

In value terms, the largest markets for mechanical shovel and excavator exported from the United Arab Emirates were Iraq ($X), Saudi Arabia ($X) and Kuwait ($X), together accounting for X% of total exports. Georgia, Oman, Sudan, Qatar, Azerbaijan, Egypt, Turkey, the Philippines and Kenya lagged somewhat behind, together accounting for a further X%.

Azerbaijan, with a CAGR of X.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average mechanical shovel and excavator export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 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 Sudan ($X per unit), while the average price for exports to Kenya ($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 Azerbaijan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into the United Arab Emirates

In 2022, purchases abroad of mechanical shovels, excavators and shovel loaders increased by X% to X units, rising for the third consecutive year after five years of decline. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2022. In general, imports, however, showed a mild decrease. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and India (X units) were the main suppliers of mechanical shovel and excavator imports to the United Arab Emirates, together comprising X% 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 X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and India ($X) appeared to be the largest mechanical shovel and excavator suppliers to the United Arab Emirates, with a combined X% share of total imports.

India, with a CAGR of X%, recorded the highest growth rate of 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

The average mechanical shovel and excavator import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, saw a perceptible slump. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 the United States ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :