Seals; Mechanical Price in the United Arab Emirates - 2021

Contents:

1. Seals; Mechanical Price in the United Arab Emirates (FOB) - 2022
2. Seals; Mechanical Price in the United Arab Emirates (CIF) - 2022
3. Seals; Mechanical Exports in the United Arab Emirates
4. Seals; Mechanical Imports in the United Arab Emirates

Seals; Mechanical Price in the United Arab Emirates (FOB) - 2022

In 2022, the average seals; mechanical export price amounted to $4.3 per unit, shrinking by -10.8% against the previous year. Over the period under review, the export price, however, showed a resilient increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 86% against the previous year. As a result, the export price attained the peak level of $6 per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($6.6 per unit), while the average price for exports to Tanzania ($0.5 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 Oman (+23.8%), while the prices for the other major destinations experienced more modest paces of growth.

Seals; Mechanical Price in the United Arab Emirates (CIF) - 2022

The average seals; mechanical import price stood at $7.1 per unit in 2022, with a decrease of -5.7% against the previous year. Overall, the import price showed a mild reduction. The pace of growth was the most pronounced in 2015 an increase of 37% against the previous year. The import price peaked at $8.8 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($26 per unit), while the price for China ($1.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Seals; Mechanical Exports in the United Arab Emirates

Seals; mechanical exports from the United Arab Emirates was estimated at 5.1M units in 2022, increasing by 9.1% on the previous year's figure. The total export volume increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, the exports attained the peak of 5.1M units; afterwards, it flattened through to 2022.

In value terms, seals; mechanical exports declined to $22M in 2022. Overall, exports, however, saw a deep setback. The growth pace was the most rapid in 2021 when exports increased by 5.5% against the previous year. The exports peaked at $25M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Seals; Mechanical from the United Arab Emirates in 2022:

1. China (1870.3K units)
2. Germany (666.7K units)
3. India (393.0K units)
4. Uzbekistan (346.0K units)
5. Tanzania (266.1K units)
6. Rwanda (164.2K units)
7. Netherlands (157.5K units)

Seals; Mechanical Imports in the United Arab Emirates

Seals; mechanical imports into the United Arab Emirates reduced to 9.4M units in 2022, dropping by -5.6% on 2021 figures. Overall, imports continue to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 38% against the previous year. Over the period under review, imports reached the maximum at 10M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, seals; mechanical imports fell to $66M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 28%. As a result, imports reached the peak of $75M, and then shrank in the following year.

Top Suppliers of Seals; Mechanical to the United Arab Emirates in 2022:

1. China (2.5M units)
2. United Kingdom (1.4M units)
3. Germany (1.3M units)
4. United States (1.1M units)
5. India (0.4M units)
6. Netherlands (0.2M units)
7. Japan (0.2M units)

Source: IndexBox Market Intelligence Platform