In 2020, the crane market in the United Arab Emirates fell slightly to $X, a decrease of -X% from the previous year. However, consumption showed a relatively flat trend pattern during the period under review. In 2016, the growth rate was the fastest, with an increase of X% year-on-year. As a result, spending reached the highest level of X dollars. From 2017 to 2020, the market growth rate remained at a low level.
In value terms, the total production of cranes in 2020 is estimated at X USD at export prices. During the period under review, there was a resilient increase in production. The growth rate was most pronounced in 2010, with an X% increase over the previous year. As a result, production peaked at X dollars. Production growth failed to regain momentum between 2011 and 2020.
In 2020, approximately X cranes, mobile cranes were exported from the United Arab Emirates; an increase of X% over the previous year. However, during the period under review, exports showed a relatively flat trend pattern. In 2010, the growth rate was the fastest, with an increase of X% year-on-year. As a result, exports peaked at X units. Export growth failed to regain momentum between 2011 and 2020.
Crane exports fell to X dollars in 2020 by value. Overall, however, there was a sudden setback in exports. In 2010, the growth rate was the fastest, with an increase of X% year-on-year. As a result, exports peaked at X dollars.
From 2011 to 2020, the export growth rate remained at a low level.
India (X units), Canada (X units) and the Netherlands (X units) were the main destinations for crane exports from the United Arab Emirates, together accounting for X% of total exports.
From 2007 to 2020, the largest increase was in the Netherlands (+X% per year), while the other leaders saw more modest growth in shipments.
In value terms, Hong Kong SAR ($X), India ($X) and the Netherlands ($X) appear to be the largest markets for global crane exports from the United Arab Emirates, together accounting for X% of total exports. France, Ireland, Sweden, Germany, Italy, and Canada saw their exports grow during the period under review, while the other leaders saw more modest growth in shipments.
In 2020, the number of cranes, mobile cranes imported into the United Arab Emirates dropped significantly to X units, a -X% decrease compared to 2019. During the period under review, imports recorded a relatively flat trend pattern. 2016 saw the fastest growth, with imports increasing by X% year-on-year. As a result, imports peaked at X units. Import growth remained low between 2017 and 2020.
Crane imports fell sharply to $X in 2020 by value. Overall, imports continue to show a sharp decline. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. As a result, imports peaked at X dollars. Import growth failed to regain momentum between 2009 and 2020.
In 2020, China (X units) was the largest crane supplier to the UAE, accounting for X% of total imports. In addition, the number of cranes imported from China was more than double the number recorded by the second largest supplier, Germany (X units). In third place in this ranking is Kuwait (X units) with an X% share.
From 2007 to 2020, the average annual growth rate of Chinese exports reached +X%. The average annual growth rates of imports for the remaining suppliers are as follows: Germany (+X% per annum) and Kuwait (+X% per annum). By value, the largest crane suppliers to the United Arab Emirates are China ($X), Germany ($X) and Kuwait ($X), accounting for X% of total imports. In terms of major suppliers, Kuwait experienced the highest growth in import value during the period under review, while other leaders saw a decline in purchases.
China, Germany and Kuwait are the UAE's largest crane suppliers by value, together accounting for 68% of total imports.
The largest markets for UAE crane exports by value are Hong Kong SAR, India and the Netherlands, which together account for 64% of total exports. France, Ireland, Sweden, Germany, Italy, Canada, Seychelles, Austria, Kuwait and the Philippines are slightly behind, with a combined 28%.
The average export price of cranes in 2020 was US$24,372/unit, a decrease of -10.5% from the previous year.
In 2020, the average price of crane imports was US$51,879 per unit, up 23% from the previous year.
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