United Arab Emirates: Heat Pump Market 2024

Heat Pump Market Size in the United Arab Emirates

The heat pump market in the United Arab Emirates contracted rapidly to $X in 2023, reducing by X% against the previous year. Overall, consumption recorded a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Heat Pump Production in the United Arab Emirates

In value terms, heat pump production amounted to $X in 2023 estimated in export price. Overall, the total production indicated a modest expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Heat pump production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Heat Pump Exports

Exports from the United Arab Emirates

In 2023, the amount of heat pumps other than air conditioning machines exported from the United Arab Emirates surged to X units, picking up by X% against the previous year. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, heat pump exports surged to $X in 2023. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Africa (X units) was the main destination for heat pump exports from the United Arab Emirates, accounting for a X% share of total exports. Moreover, heat pump exports to South Africa exceeded the volume sent to the second major destination, Nigeria (X units), fourfold. The third position in this ranking was taken by Zimbabwe (X units), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to South Africa amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Zimbabwe (X% per year).

In value terms, South Africa ($X) remains the key foreign market for heat pumps other than air conditioning machines exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports. It was followed by Mauritius, with a X% share.

From 2012 to 2023, the average annual growth rate of value to South Africa stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and Mauritius (X% per year).

Export Prices by Country

In 2023, the average heat pump export price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the export price continues to indicate slight growth. The pace of growth was the most pronounced in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Mauritius ($X per unit), while the average price for exports to Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Heat Pump Imports

Imports into the United Arab Emirates

Heat pump imports into the United Arab Emirates soared to X units in 2023, jumping by X% against the year before. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, heat pump imports surged to $X in 2023. Overall, imports recorded a tangible expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X units) constituted the largest heat pump supplier to the United Arab Emirates, with a X% share of total imports. Moreover, heat pump imports from China exceeded the figures recorded by the second-largest supplier, Israel (X units), sixfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of heat pumps other than air conditioning machines to the United Arab Emirates, comprising X% of total imports. The second position in the ranking was held by Israel ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Israel (X% per year) and Germany (X% per year).

Import Prices by Country

The average heat pump import price stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the import price continues to indicate a mild decline. The pace of growth appeared the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Jordan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform