GCC: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in GCC

The GCC gravimetric filling machine market skyrocketed to $X in 2022, rising by 35% against the previous year. Over the period under review, consumption posted significant growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Gravimetric Filling Machine Production in GCC

In value terms, gravimetric filling machine production surged to $X in 2022 estimated in export price. In general, production recorded a significant expansion. The growth pace was the most rapid in 2020 when the production volume increased by 454%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Gravimetric Filling Machine Exports

Exports in GCC

In 2022, the amount of automatic gravimetric filling machines exported in GCC skyrocketed to X units, picking up by 144% compared with 2021 figures. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 468%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, gravimetric filling machine exports soared to $X in 2022. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2017 with an increase of 906% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X units) was the largest exporter of automatic gravimetric filling machines in GCC, creating 99% of total export.

The United Arab Emirates was also the fastest-growing in terms of the automatic gravimetric filling machines exports, with a CAGR of +12.3% from 2012 to 2022. From 2012 to 2022, the share of the United Arab Emirates increased by +2.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest gravimetric filling machine supplier in GCC.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +13.3%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, dropping by -36.1% against the previous year. Overall, the export price showed a noticeable downturn. The growth pace was the most rapid in 2017 an increase of 77%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +0.9% per year.

Gravimetric Filling Machine Imports

Imports in GCC

After two years of decline, overseas purchases of automatic gravimetric filling machines increased by 108% to X units in 2022. Over the period under review, imports, however, showed a slight descent. The pace of growth was the most pronounced in 2019 when imports increased by 201%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, gravimetric filling machine imports declined sharply to $X in 2022. Overall, imports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 69%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X units, which resulted at 60% of total imports. Bahrain (X units) took a 22% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (11%) and Oman (6.3%).

Imports into the United Arab Emirates decreased at an average annual rate of -2.4% from 2012 to 2022. At the same time, Oman (+10.8%) and Bahrain (+3.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +10.8% from 2012-2022. By contrast, Kuwait (-5.2%) illustrated a downward trend over the same period. While the share of Bahrain (+8.7 p.p.) and Oman (+4.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-4.6 p.p.) and Kuwait (-4.9 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported automatic gravimetric filling machines in GCC, comprising 64% of total imports. The second position in the ranking was taken by Oman ($X), with a 23% share of total imports. It was followed by Bahrain, with a 4.9% share.

In the United Arab Emirates, gravimetric filling machine imports shrank by an average annual rate of -6.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (+18.8% per year) and Bahrain (-11.1% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, declining by -69% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of 554% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+7.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform