GCC: Centrifugal Clothes-Dryer Market 2024

Centrifugal Clothes-Dryer Market Size in GCC

In 2021, the GCC centrifugal clothes-dryer market decreased by -1% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption continues to indicate a deep slump. The growth pace was the most rapid in 2016 with an increase of 4.9% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Centrifugal Clothes-Dryer Production in GCC

In value terms, centrifugal clothes-dryer production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production faced a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 3.6% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Centrifugal Clothes-Dryer Exports

Exports in GCC

In 2021, shipments abroad of centrifugal clothes-dryers increased by 19% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed slight growth. The pace of growth appeared the most rapid in 2013 when exports increased by 194%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, centrifugal clothes-dryer exports reached $X in 2021. Over the period under review, exports, however, continue to indicate a slight decline. The pace of growth was the most pronounced in 2013 with an increase of 155%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia was the major exporting country with an export of around X units, which reached 62% of total exports. The United Arab Emirates (X units) took a 19% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (18%).

Saudi Arabia was also the fastest-growing in terms of the centrifugal clothes-dryers exports, with a CAGR of +91.2% from 2012 to 2021. At the same time, Bahrain (+1.5%) displayed positive paces of growth. By contrast, the United Arab Emirates (-13.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia increased by +62 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest centrifugal clothes-dryer supplier in GCC, comprising 63% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +90.8%. In the other countries, the average annual rates were as follows: Bahrain (-2.6% per year) and the United Arab Emirates (-16.6% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, declining by -15.9% against the previous year. Over the period under review, the export price saw a noticeable downturn. The growth pace was the most rapid in 2019 an increase of 51% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.3%), while the other leaders experienced a decline in the export price figures.

Centrifugal Clothes-Dryer Imports

Imports in GCC

In 2021, approx. X units of centrifugal clothes-dryers were imported in GCC; falling by -37.6% against the previous year. In general, imports faced a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 64%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, centrifugal clothes-dryer imports fell significantly to $X in 2021. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 241%. Over the period under review, imports hit record highs at $X in 2020, and then fell rapidly in the following year.

Imports by Country

In 2021, Qatar (X units) represented the largest importer of centrifugal clothes-dryers, committing 38% of total imports. It was distantly followed by Oman (X units), the United Arab Emirates (X units) and Bahrain (X units), together generating a 59% share of total imports. Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of -3.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Qatar ($X) constitutes the largest market for imported centrifugal clothes-dryers in GCC, comprising 4.6% of total imports. The second position in the ranking was taken by Oman ($X), with a 0.8% share of total imports. It was followed by Bahrain, with a 0.7% share.

In Qatar, centrifugal clothes-dryer imports plunged by an average annual rate of -12.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Oman (-2.2% per year) and Bahrain (-13.2% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, waning by -1.8% against the previous year. Overall, the import price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when the import price increased by 250% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2020, and then reduced in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform