Abrasives Market in the United Arab Emirates
Market Overview
The abrasives market in the United Arab Emirates declined notably to $
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a pronounced decrease. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption remained at a lower figure.
in , which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a pronounced decrease. Over the period under review, the market reached the peak level at $ in 2013; however, from 2014 to , consumption remained at a lower figure.Consumption
In , consumption of abrasives (natural) in the United Arab Emirates declined remarkably to tons, reducing by -% compared with figures. Over the period under review, consumption continues to indicate a deep setback. Abrasives consumption peaked at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
The revenue of the abrasives market in the United Arab Emirates contracted sharply to $ in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable contraction. Abrasives consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
, consumption of abrasives (natural) in the United Arab Emirates declined remarkably to tons, reducing by -% compared with figures. Over the period under review, consumption continues to indicate a deep setback. Abrasives consumption peaked at tons in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.The revenue of the abrasives market in the United Arab Emirates contracted sharply to $
in , reducing by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a noticeable contraction. Abrasives consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for abrasives in the United Arab Emirates, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to tons by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to tons by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Abrasives market in the United Arab Emirates consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, the United Arab Emirates relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand.
Trade Balance
The United Arab Emirates remains a net importer of abrasives; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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