GCC: Blow Lamp Market 2024

Blow Lamp Market Size in GCC

The GCC blow lamp market soared to $X in 2022, rising by 26% against the previous year. In general, consumption, however, saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Blow Lamp Production in GCC

In value terms, blow lamp production soared to $X in 2022 estimated in export price. In general, production, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the production volume increased by 263%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Blow Lamp Exports

Exports in GCC

In 2022, blow lamp exports in GCC skyrocketed to X tons, growing by 586% compared with the previous year. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, blow lamp exports skyrocketed to $X in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X tons, which was near 97% of total exports in 2022. Kuwait (X kg) held a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the blow lamps exports, with a CAGR of +38.1% from 2012 to 2022. At the same time, Kuwait (+15.4%) displayed positive paces of growth. The United Arab Emirates (+33 p.p.) significantly strengthened its position in terms of the total exports, while Kuwait saw its share reduced by -4.6% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest blow lamp supplier in GCC, comprising 94% of total exports. The second position in the ranking was held by Kuwait ($X), with a 1.6% share of total exports.

In the United Arab Emirates, blow lamp exports increased at an average annual rate of +28.0% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, shrinking by -17.3% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2014 when the export price increased by 50%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the United Arab Emirates totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-6.9%).

Blow Lamp Imports

Imports in GCC

In 2022, purchases abroad of blow lamps increased by 26% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports, however, continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 41%. 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, blow lamp imports expanded significantly to $X in 2022. In general, imports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X tons, which was approx. 82% of total imports in 2022. Kuwait (X tons) took the second position in the ranking, followed by Oman (X tons). All these countries together held near 14% share of total imports. The following importers - Qatar (X kg) and Bahrain (X kg) - each accounted for a 4.2% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the blow lamps imports, with a CAGR of +7.3% from 2012 to 2022. Kuwait experienced a relatively flat trend pattern. Oman (-6.0%), Qatar (-8.3%) and Bahrain (-10.6%) illustrated a downward trend over the same period. The United Arab Emirates (+67 p.p.), Kuwait (+5.2 p.p.) and Oman (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported blow lamps in GCC, comprising 83% of total imports. The second position in the ranking was taken by Kuwait ($X), with an 8.1% share of total imports. It was followed by Qatar, with a 4.7% share.

In the United Arab Emirates, blow lamp imports increased at an average annual rate of +5.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+5.5% per year) and Qatar (-3.0% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, declining by -16.2% against the previous year. Over the period under review, the import price, however, continues to indicate a strong increase. The pace of growth was the most pronounced in 2017 when the import price increased by 64% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform