GCC: Twig Broom Market 2024

Twig Broom Market Size in GCC

In 2021, after two years of decline, there was significant growth in the GCC twig broom market, when its value increased by 5.4% to $X. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Twig Broom Production in GCC

In value terms, twig broom production expanded modestly to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -29.4% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 75%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Twig Broom Exports

Exports in GCC

In 2021, exports of brooms and brushes of twigs in GCC reduced rapidly to X units, which is down by -26.7% on 2020. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by 60% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, twig broom exports fell to $X in 2021. Overall, exports saw a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by 31% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of about X units, which resulted at 77% of total exports. It was distantly followed by Oman (X units) and Saudi Arabia (X units), together creating a 19% share of total exports. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to twig broom exports from the United Arab Emirates stood at -10.4%. At the same time, Oman (+19.6%) and Bahrain (+7.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +19.6% from 2012-2021. By contrast, Saudi Arabia (-29.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+15 p.p.), Oman (+13 p.p.) and Bahrain (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-30.9 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest twig broom supplier in GCC, comprising 74% of total exports. The second position in the ranking was held by Oman ($X), with a 16% share of total exports. It was followed by Saudi Arabia, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled -4.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+26.0% per year) and Saudi Arabia (-26.0% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, with an increase of 25% against the previous year. In general, the export price saw a notable increase. The growth pace was the most rapid in 2019 when the export price increased by 50%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.1%), while the other leaders experienced more modest paces of growth.

Twig Broom Imports

Imports in GCC

Twig broom imports rose rapidly to X units in 2021, with an increase of 13% compared with the previous year's figure. Total imports indicated notable growth from 2012 to 2021: its volume increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.3% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 77% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, twig broom imports reached $X in 2021. In general, imports, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when imports increased by 54%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importer of brooms and brushes of twigs in GCC, with the volume of imports amounting to X units, which was near 79% of total imports in 2021. Qatar (X units) ranks second in terms of the total imports with a 10% share, followed by Bahrain (5.4%). The following importers - Kuwait (X units) and Oman (X units) - together made up 5.9% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the brooms and brushes of twigs imports, with a CAGR of +5.9% from 2012 to 2021. At the same time, Bahrain (+2.8%) and Kuwait (+2.7%) displayed positive paces of growth. By contrast, Qatar (-5.1%) and Oman (-7.8%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Oman (-3.1 p.p.) and Qatar (-11.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported brooms and brushes of twigs in GCC, comprising 71% of total imports. The second position in the ranking was held by Qatar ($X), with a 9.4% share of total imports. It was followed by Bahrain, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +5.7%. In the other countries, the average annual rates were as follows: Qatar (-14.2% per year) and Bahrain (+8.9% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, dropping by -11.1% against the previous year. Overall, the import price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 13% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform