GCC: Adhesive Dressings Market 2024

Adhesive Dressings Market Size in GCC

The GCC adhesive dressings market surged to $X in 2021, growing by 25% against the previous year. The market value increased at an average annual rate of +5.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Adhesive Dressings Production in GCC

In value terms, adhesive dressings production expanded significantly to $X in 2021 estimated in export price. In general, production enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2013 when the production volume increased by 123% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Adhesive Dressings Exports

Exports in GCC

In 2021, approx. X tons of adhesive dressings or similar articles were exported in GCC; picking up by 15% compared with 2020 figures. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +20.9% against 2019 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 132% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, adhesive dressings exports contracted sharply to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 60% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Bahrain (X tons) and Saudi Arabia (X tons), together generating an 11% share of total exports. Oman (X tons) took a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the adhesive dressings or similar articles exports, with a CAGR of +15.7% from 2012 to 2021. At the same time, Bahrain (+15.5%) and Oman (+12.0%) displayed positive paces of growth. By contrast, Saudi Arabia (-16.2%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+42 p.p.) and Bahrain (+2.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-43.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest adhesive dressings supplier in GCC, comprising 84% of total exports. The second position in the ranking was held by Bahrain ($X), with an 8% share of total exports. It was followed by Saudi Arabia, with a 6.6% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+16.8% per year) and Saudi Arabia (-15.0% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, declining by -26.2% against the previous year. Over the period under review, the export price saw a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of 39%. Over the period under review, the export prices attained the maximum at $X per ton in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Bahrain ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Adhesive Dressings Imports

Imports in GCC

In 2021, approx. X tons of adhesive dressings or similar articles were imported in GCC; picking up by 22% compared with the year before. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, adhesive dressings imports skyrocketed to $X in 2021. Total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +52.4% against 2016 indices. The pace of growth was the most pronounced in 2013 with an increase of 44%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in imports structure, together generating 85% of total imports. It was distantly followed by Kuwait (X tons), committing a 5.7% share of total imports. Oman (X tons), Qatar (X tons) and Bahrain (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +9.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 89% of total imports.

Among the main importing countries, Kuwait, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, with an increase of 8.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.3%. The pace of growth appeared the most rapid in 2013 when the import price increased by 39% against the previous year. Over the period under review, import prices hit record highs in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+21.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform