GCC: Agricultural Appliance Market 2025

Agricultural Appliance Market Size in GCC

The GCC agricultural appliance market stood at $X in 2021, picking up by 5.5% against the previous year. In general, consumption, however, recorded a prominent increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Agricultural Appliance Production in GCC

In value terms, agricultural appliance production fell to $X in 2021 estimated in export price. Overall, production showed buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 85% against the previous year. The level of production peaked at $X in 2020, and then declined in the following year.

Agricultural Appliance Exports

Exports in GCC

In 2021, exports of agricultural appliances in GCC expanded remarkably to X units, with an increase of 13% against the previous year. Over the period under review, exports showed prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 51%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, agricultural appliance exports soared to $X in 2021. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 54%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

In 2021, Saudi Arabia (X units) represented the key exporter of agricultural appliances, constituting 65% of total exports. It was distantly followed by the United Arab Emirates (X units), achieving a 35% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of +16.2%).

In value terms, the largest agricultural appliance supplying countries in GCC were Saudi Arabia ($X) and the United Arab Emirates ($X).

The United Arab Emirates, with a CAGR of +23.7%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, picking up by 23% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, agricultural appliance export price increased by +38.8% against 2018 indices. The pace of growth appeared the most rapid in 2016 an increase of 37% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.4%).

Agricultural Appliance Imports

Imports in GCC

In 2021, overseas purchases of agricultural appliances increased by 38% to X units, rising for the second consecutive year after five years of decline. Overall, imports showed perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 76%. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, agricultural appliance imports expanded remarkably to $X in 2021. Over the period under review, imports recorded modest growth. The most prominent rate of growth was recorded in 2020 with an increase of 77% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Qatar was the key importer of agricultural appliances in GCC, with the volume of imports resulting at X units, which was near 51% of total imports in 2021. The United Arab Emirates (X units) ranks second in terms of the total imports with a 32% share, followed by Oman (5.9%), Saudi Arabia (4.8%) and Kuwait (4.7%).

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +30.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Qatar ($X) were the countries with the highest levels of imports in 2021, with a combined 88% share of total imports.

Among the main importing countries, Qatar, with a CAGR of +14.2%, saw 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 unit, with a decrease of -19.5% against the previous year. Overall, the import price saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the import price increased by 35% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+21.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform