GCC: Calendering Machine Market 2024

Calendering Machine Market Size in GCC

The GCC calendering machine market soared to $X in 2021, rising by 428% against the previous year. In general, consumption saw resilient growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Calendering Machine Production in GCC

In value terms, calendering machine production contracted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 14%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Calendering Machine Exports

Exports in GCC

In 2021, the amount of calendering and rolling machines exported in GCC plummeted to X units, dropping by -81.2% on 2020. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 235% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, calendering machine exports fell rapidly to $X in 2021. Over the period under review, exports, however, showed a measured increase. The pace of growth appeared the most rapid in 2020 when exports increased by 149% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporter of calendering and rolling machines in GCC, with the volume of exports finishing at X units, which was near 75% of total exports in 2021. Saudi Arabia (X units) took the second position in the ranking, distantly followed by Bahrain (X units). All these countries together took near 25% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -2.4% from 2012 to 2021. At the same time, Saudi Arabia (+7.0%) and Bahrain (+4.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +7.0% from 2012-2021. While the share of Saudi Arabia (+7.9 p.p.) and Bahrain (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-11.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Among the main exporting countries, Bahrain, with a CAGR of +14.0%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, picking up by 47% against the previous year. Export price indicated moderate growth from 2012 to 2021: its price 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. The most prominent rate of growth was recorded in 2014 when the export price increased by 76% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates ($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 (+8.9%), while the other leaders experienced mixed trends in the export price figures.

Calendering Machine Imports

Imports in GCC

In 2021, the amount of calendering and rolling machines imported in GCC surged to X units, rising by 303% against the year before. In general, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, calendering machine imports surged to $X in 2021. Over the period under review, imports posted a pronounced expansion. The pace of growth was the most pronounced in 2019 with an increase of 122%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

Qatar was the main importing country with an import of around X units, which reached 81% of total imports. It was distantly followed by the United Arab Emirates (X units), generating a 17% share of total imports.

Qatar was also the fastest-growing in terms of the calendering and rolling machines imports, with a CAGR of +28.3% from 2012 to 2021. At the same time, the United Arab Emirates (+4.4%) displayed positive paces of growth. While the share of Qatar (+56 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-16 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported calendering and rolling machines in GCC, comprising 85% of total imports. The second position in the ranking was taken by Qatar ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +10.6%.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, falling by -64.2% against the previous year. Overall, the import price recorded a abrupt setback. The growth pace was the most rapid in 2018 an increase of 150% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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 Qatar totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+6.0%).

Source: IndexBox Platform