United Arab Emirates: Parachute Market 2024

Parachute Market Size in the United Arab Emirates

The parachute market in the United Arab Emirates contracted notably to $X in 2022, declining by X% against the previous year. In general, consumption saw a deep slump. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Parachute Production in the United Arab Emirates

In value terms, parachute production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a slight decline. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Parachute Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of parachutes and rotochutes were exported from the United Arab Emirates; jumping by X% compared with the year before. Overall, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, parachute exports surged to $X in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The UK (X tons), China (X tons) and Maldives (X tons) were the main destinations of parachute exports from the United Arab Emirates, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for parachute exported from the United Arab Emirates were the UK ($X), the United States ($X) and Maldives ($X), with a combined X% share of total exports. Afghanistan, Iran, Iraq, Oman, Pakistan, China, Italy, Saudi Arabia and Qatar lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, China, with a CAGR of X.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average parachute export price stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, posted resilient growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Parachute Imports

Imports into the United Arab Emirates

Parachute imports into the United Arab Emirates contracted sharply to X tons in 2022, falling by X% compared with the previous year's figure. In general, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, parachute imports fell remarkably to $X in 2022. Over the period under review, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Vietnam (X tons) and Spain (X tons) were the main suppliers of parachute imports to the United Arab Emirates, together accounting for X% of total imports. Germany, South Korea, Hungary, New Zealand, Thailand, Poland, Turkey, Sri Lanka, Romania and the Czech Republic lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of parachutes and rotochutes to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Spain (X% per year).

Import Prices by Country

The average parachute import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price saw a mild shrinkage. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 New Zealand ($X per ton), while the price for Turkey ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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