GCC: Balloon And Dirigible Market 2024

Balloon And Dirigible Market Size in GCC

The GCC balloon and dirigible market declined to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, posted a noticeable expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Balloon And Dirigible Production in GCC

In value terms, balloon and dirigible production skyrocketed to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Balloon And Dirigible Exports

Exports in GCC

In 2022, shipments abroad of balloons, dirigibles and other non-powered aircraft increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, balloon and dirigible exports surged to $X in 2022. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X units, which was near X% of total exports in 2022. Saudi Arabia (X units) held a little share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the balloons, dirigibles and other non-powered aircraft exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest balloon and dirigible supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, shrinking by X% against the previous year. In general, the export price showed a precipitous setback. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Balloon And Dirigible Imports

Imports in GCC

In 2022, balloon and dirigible imports in GCC skyrocketed to X units, growing by X% on the previous year. Over the period under review, imports enjoyed a tangible increase. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, balloon and dirigible imports fell sharply to $X in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X units, which accounted for X% of total imports. It was distantly followed by Bahrain (X units), achieving a X% share of total imports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to balloon and dirigible imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bahrain and Oman increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported balloons, dirigibles and other non-powered aircraft in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Bahrain (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, posted a significant increase. The growth pace was the most rapid in 2021 when the import price increased by X%. As a result, import price attained the peak level of $X per unit, and then reduced markedly in the following year.

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

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

Source: IndexBox Platform