GCC: Billiard Accessoires Market 2024

Billiard Accessoires Market Size in GCC

After two years of growth, the GCC billiard accessoires market decreased by -88% to $X in 2022. In general, consumption saw a deep setback. The level of consumption peaked at $X in 2021, and then reduced markedly in the following year.

Billiard Accessoires Production in GCC

In value terms, billiard accessoires production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw significant growth. The growth pace was the most rapid in 2014 with an increase of 142% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Billiard Accessoires Exports

Exports in GCC

In 2022, after three years of growth, there was significant decline in shipments abroad of articles and accessories for billiards, when their volume decreased by -11.6% to X tons. Overall, exports, however, recorded a slight expansion. The pace of growth was the most pronounced in 2015 with an increase of 373%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then shrank in the following year.

In value terms, billiard accessoires exports expanded markedly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by 324% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the largest exporter of articles and accessories for billiards in GCC, with the volume of exports reaching X tons, which was approx. 78% of total exports in 2022. It was distantly followed by Oman (X tons) and Kuwait (X tons), together creating a 20% share of total exports. Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to billiard accessoires exports from the United Arab Emirates stood at +4.9%. At the same time, Oman (+70.7%), Bahrain (+35.5%) and Kuwait (+16.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +70.7% from 2012-2022. The United Arab Emirates (+21 p.p.), Oman (+15 p.p.), Kuwait (+3.4 p.p.) and Bahrain (+2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest billiard accessoires supplier in GCC, comprising 87% of total exports. The second position in the ranking was held by Oman ($X), with a 9.5% share of total exports. It was followed by Kuwait, with a 2% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +2.6%. In the other countries, the average annual rates were as follows: Oman (+82.0% per year) and Kuwait (+16.4% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, growing by 25% against the previous year. Overall, the export price, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 when the export price increased by 62%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+6.6%), while the other leaders experienced mixed trends in the export price figures.

Billiard Accessoires Imports

Imports in GCC

In 2022, after two years of growth, there was significant decline in overseas purchases of articles and accessories for billiards, when their volume decreased by -45.8% to X tons. Overall, imports showed a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 108%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, billiard accessoires imports fell significantly to $X in 2022. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 71%. As a result, imports attained the peak of $X, and then declined sharply in the following year.

Imports by Country

The United Arab Emirates was the major importer of articles and accessories for billiards in GCC, with the volume of imports finishing at X tons, which was near 51% of total imports in 2022. Oman (X tons) took a 23% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (14%) and Qatar (8%). Bahrain (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the articles and accessories for billiards imports, with a CAGR of +10.5% from 2012 to 2022. At the same time, Oman (+8.6%) and Kuwait (+6.1%) displayed positive paces of growth. Bahrain experienced a relatively flat trend pattern. By contrast, Qatar (-7.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Oman, Kuwait and Bahrain increased by +43, +18, +11 and +1.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported articles and accessories for billiards in GCC, comprising 43% of total imports. The second position in the ranking was held by Qatar ($X), with a 20% share of total imports. It was followed by Oman, with a 17% share.

In the United Arab Emirates, billiard accessoires imports shrank by an average annual rate of -1.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (-2.8% per year) and Oman (+12.5% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, declining by -25.6% against the previous year. Overall, the import price continues to indicate a mild slump. The most prominent rate of growth was recorded in 2018 when the import price increased by 66% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+4.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform