GCC: Centrifugal Cream Separator Market 2024

Centrifugal Cream Separator Market Size in GCC

In 2021, after two years of decline, there was significant growth in the GCC centrifugal cream separator market, when its value increased by 51% to $X. Overall, consumption, however, continues to indicate a pronounced setback. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Centrifugal Cream Separator Production in GCC

In value terms, centrifugal cream separator production stood at $X in 2021 estimated in export price. Overall, production saw a noticeable descent. 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 Cream Separator Exports

Exports in GCC

After two years of growth, overseas shipments of centrifugal cream separators decreased by -76.2% to X units in 2021. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 665%. The volume of export peaked at X units in 2020, and then reduced dramatically in the following year.

In value terms, centrifugal cream separator exports shrank significantly to $X in 2021. Over the period under review, exports, however, recorded strong growth. The pace of growth was the most pronounced in 2013 when exports increased by 1,698% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the United Arab Emirates (X units), together recording 99% of total export.

The United Arab Emirates was also the fastest-growing in terms of the centrifugal cream separators exports, with a CAGR of +9.2% from 2012 to 2021. The United Arab Emirates (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest centrifugal cream separator supplier in GCC.

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

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, waning by -5% against the previous year. In general, the export price, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 135%. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.3% per year.

Centrifugal Cream Separator Imports

Imports in GCC

In 2021, the amount of centrifugal cream separators imported in GCC reduced dramatically to X units, dropping by -75.6% against 2020. Over the period under review, imports saw a perceptible setback. The pace of growth was the most pronounced in 2019 with an increase of 888% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, centrifugal cream separator imports stood at $X in 2021. In general, imports, however, showed a notable expansion. The pace of growth appeared the most rapid in 2020 with an increase of 116% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importing country with an import of around X units, which amounted to 54% of total imports. Qatar (X units) ranks second in terms of the total imports with a 22% share, followed by Oman (20%). Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to centrifugal cream separator imports into the United Arab Emirates stood at +12.0%. At the same time, Bahrain (+27.7%) and Qatar (+2.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +27.7% from 2012-2021. By contrast, Oman (-16.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+40 p.p.), Qatar (+8.9 p.p.) and Bahrain (+3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Oman (-51.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported centrifugal cream separators in GCC, comprising 77% of total imports. The second position in the ranking was held by Qatar ($X), with an 18% share of total imports. It was followed by Oman, with a 0.9% share.

In the United Arab Emirates, centrifugal cream separator imports expanded at an average annual rate of +10.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-8.7% per year) and Oman (-9.6% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, jumping by 329% against the previous year. Overall, the import price saw a remarkable increase. The growth pace was the most rapid in 2020 when the import price increased by 579% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+8.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform