GCC: Centrifuges Market 2025

Centrifuges Market Size in GCC

The GCC centrifuges market declined notably to $X in 2021, dropping by -29% against the previous year. In general, consumption recorded a strong increase. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Centrifuges Production in GCC

In value terms, centrifuges production rose markedly to $X in 2021 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 209% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Centrifuges Exports

Exports in GCC

In 2021, overseas shipments of centrifuges increased by 85% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 152% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, centrifuges exports soared to $X in 2021. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 238%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the key exporting country with an export of about X units, which reached 60% of total exports. It was distantly followed by Saudi Arabia (X units), constituting a 37% share of total exports. Oman (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +57.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest centrifuges supplier in GCC, comprising 67% of total exports. The second position in the ranking was held by Oman ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +11.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+61.2% per year) and Saudi Arabia (+15.2% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, with a decrease of -17.9% against the previous year. In general, the export price, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 109% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2020, and then dropped remarkably in the following year.

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 Oman ($X per unit), while Saudi Arabia ($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 (+10.6%), while the other leaders experienced mixed trends in the export price figures.

Centrifuges Imports

Imports in GCC

After three years of decline, overseas purchases of centrifuges increased by 18% to X units in 2021. Overall, imports saw mild growth. The growth pace was the most rapid in 2017 with an increase of 72% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, centrifuges imports totaled $X in 2021. Total imports indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -10.0% against 2018 indices. The pace of growth was the most pronounced in 2014 with an increase of 47%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X units) and Qatar (X units) dominates imports structure, together mixing up 90% of total imports. It was distantly followed by Kuwait (X units), achieving a 5.1% share of total imports. Oman (X units) and Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +18.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported centrifuges in GCC, comprising 42% of total imports. The second position in the ranking was taken by Oman ($X), with a 6.7% share of total imports. It was followed by Kuwait, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +4.9%. In the other countries, the average annual rates were as follows: Oman (+3.8% per year) and Kuwait (-0.4% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, declining by -15% against the previous year. Over the period under review, the import price, however, showed slight growth. The pace of growth was the most pronounced in 2018 when the import price increased by 84%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 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 Oman ($X per unit), while Qatar ($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 (+20.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform