GCC: Appliance Part Brush Market 2024

Appliance Part Brush Market Size in GCC

For the fifth consecutive year, the GCC appliance part brush market recorded growth in sales value, which increased by 2.2% to $X in 2022. Overall, consumption posted a resilient expansion. The level of consumption peaked in 2022 and is likely to see gradual growth in years to come.

Appliance Part Brush Production in GCC

In value terms, appliance part brush production stood at $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 89% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Appliance Part Brush Exports

Exports in GCC

In 2022, shipments abroad of brushes constituting parts of appliances was finally on the rise to reach X units after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 114% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, appliance part brush exports amounted to $X in 2022. Overall, exports, however, saw a mild curtailment. The growth pace was the most rapid in 2017 when exports increased by 95%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X units, which was near 94% of total exports in 2022. Oman (X units) and Saudi Arabia (X units) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of brushes constituting parts of appliances. At the same time, Oman (+18.4%) and Saudi Arabia (+8.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +18.4% from 2012-2022. While the share of Oman (+2.1 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest appliance part brush supplier in GCC, comprising 91% of total exports. The second position in the ranking was held by Oman ($X), with a 3.2% share of total exports.

In the United Arab Emirates, appliance part brush exports contracted by an average annual rate of -2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (+12.7% per year) and Saudi Arabia (+17.3% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, reducing by -17.7% against the previous year. In general, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 58% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.0%), while the other leaders experienced a decline in the export price figures.

Appliance Part Brush Imports

Imports in GCC

For the fourth year in a row, GCC recorded growth in purchases abroad of brushes constituting parts of appliances, which increased by 13% to X units in 2022. In general, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2019 when imports increased by 45%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, appliance part brush imports fell to $X in 2022. Total imports indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.1% against 2016 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 28% against the previous year. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

The United Arab Emirates was the key importing country with an import of about X units, which resulted at 80% of total imports. Kuwait (X units) ranks second in terms of the total imports with an 11% share, followed by Oman (6.7%). Qatar (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the brushes constituting parts of appliances imports, with a CAGR of +16.0% from 2012 to 2022. At the same time, Qatar (+8.8%), Kuwait (+6.1%) and Oman (+3.2%) displayed positive paces of growth. The United Arab Emirates (+22 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Oman saw its share reduced by -8.2% and -9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported brushes constituting parts of appliances in GCC, comprising 50% of total imports. The second position in the ranking was held by Qatar ($X), with a 7.3% share of total imports. It was followed by Oman, with a 5.6% share.

In the United Arab Emirates, appliance part brush imports increased at an average annual rate of +5.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (+12.7% per year) and Oman (+1.2% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, with a decrease of -17.9% against the previous year. Over the period under review, the import price showed a deep slump. The growth pace was the most rapid in 2018 an increase of 21% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform