The United Arab Emirates' haulage cranes and overhead cranes market will grow X% to X dollars in 2021, growing for the third consecutive year after three consecutive years of decline. Overall, consumption has grown significantly. As a result, spending reached the highest level of X dollars. From 2016 to 2021, the market growth rate will remain at a low level.
In value terms, the production of transport cranes and overhead cranes shrinks to $X in 2021 (estimated at export prices). However, production continued to show a relatively flat trend pattern during the period under review. The fastest growth in 2020, with a year-on-year increase of X%. Production of haulage and overhead cranes peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.
In 2021, approximately X transport cranes, gantry cranes and overhead cranes were exported from the United Arab Emirates; a -X% decrease compared to 2020 figures. During the period under review, exports fell sharply. The most significant growth rate occurred in 2016, which was an X% increase compared to the previous year. Exports peaked at X units in 2012; however, from 2013 to 2021, exports remain low.
Exports of transport and overhead cranes fell sharply to $X in 2021 in value terms. Overall, exports continued to decline sharply. The fastest growth in 2016, exports increased by X% year-on-year. Exports peaked at $X in 2012; however, from 2013 to 2021, exports remained low.
Cyprus (X units), the United Kingdom (X units) and India (X units) were the main destinations for the United Arab Emirates' exports of transport cranes and overhead cranes, together accounting for X% of total exports.
Tanzania is a bit lagging behind, with a further X-fold increase from 2012 to 2021, among the major destination countries, Tanzania achieved the most significant shipment growth rate (+X%), while the other leaders experienced a mixed trend model.
In terms of value, India ($X) emerged as the leading foreign market for the UAE's haulage and overhead crane exports, accounting for X% of total exports. In second place is Tanzania ($X) with X% of total exports. It is followed by Cyprus with an X% share. Average annual growth in value to India from 2012 to 2021 is -X%. Exports to other major destinations recorded the following average annual export growth rates: Tanzania (+X% per annum) and Cyprus (X% per annum).
In 2021, the import of transport and overhead cranes to the United Arab Emirates soared to X units, an increase of X% year-on-year. Overall, import growth was strong. Imports peaked at X units in 2015; however, from 2016 to 2021, imports have remained low.
Imports of transport cranes and overhead cranes soar to $X by value in 2021. Overall, imports fell slightly. Imports peaked at $X in 2016; however, imports declined slightly from 2017 to 2021.
In 2021, India (X units) is the largest supplier of transport and overhead cranes to the UAE, accounting for X% of total imports. In addition, transport cranes and overhead cranes imported from India are ten times higher than the number recorded by the second largest supplier, Italy (X units).
From 2012 to 2021, the average annual growth rate of sales from India is +X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Italy (+X% per annum) and Germany (+X% per annum).
India (USD X) is the largest supplier of transport and overhead cranes to the United Arab Emirates by value, accounting for X% of total imports. In second place is Italy ($X) with X% of total imports. Average annual growth in value from India from 2012 to 2021 totals +X%. The average annual growth rates of imports in the remaining supplier countries are as follows: Italy (+X% per annum) and Germany (+X% per annum).
India is the largest supplier of transport and overhead cranes to the United Arab Emirates by value, accounting for 84% of total imports. In second place was Italy, which accounted for 4.3% of total imports.
In terms of value, India emerged as the leading foreign market for the UAE's transport and overhead crane exports, accounting for 70% of total exports. In second place is Tanzania, which accounted for 18% of total exports. It is followed by Cyprus with an 11% share.
In 2021, the average export price of transport cranes and overhead cranes will be $1,366 per unit, an increase of 12% over the previous year.
In 2021, the average import price of transport cranes and overhead cranes will be $3,389 per unit, an increase of 117% from the previous year.
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