GCC: Spacecraft Market 2025

Spacecraft Market Size in GCC

The GCC spacecraft market skyrocketed to $X in 2022, picking up by 30% against the previous year. In general, consumption faced a precipitous curtailment. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Spacecraft Production in GCC

In value terms, spacecraft production expanded rapidly to $X in 2022 estimated in export price. Overall, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 215%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Spacecraft Exports

Exports in GCC

In 2022, shipments abroad of civil spacecraft, satellites and launch vehicles decreased by 0% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a slight setback. The growth pace was the most rapid in 2018 with an increase of 52,500%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, spacecraft exports shrank to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when exports increased by 394,280%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X units, which accounted for 86% of total exports. It was distantly followed by Qatar (X units), making up a 14% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -2.8% from 2012 to 2022. Qatar experienced a relatively flat trend pattern. While the share of Qatar (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-14.3 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) and Qatar ($X) were the countries with the highest levels of exports in 2022.

The United Arab Emirates, with a CAGR of -13.8%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, waning by -8.4% against the previous year. In general, the export price recorded a abrupt contraction. The growth pace was the most rapid in 2014 when the export price increased by 44,898% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-11.2%).

Spacecraft Imports

Imports in GCC

In 2022, approx. X units of civil spacecraft, satellites and launch vehicles were imported in GCC; surging by 2.4% on the year before. Overall, imports, however, faced a sharp curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 825%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, spacecraft imports declined to $X in 2022. Over the period under review, imports, however, recorded a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 341% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, reaching X units, which was approx. 95% of total imports in 2022. It was distantly followed by Bahrain (X units), comprising a 4.7% share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -40.7% from 2012 to 2022. At the same time, Bahrain (+16.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +16.7% from 2012-2022. While the share of Bahrain (+4.7 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-4.7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported civil spacecraft, satellites and launch vehicles in GCC, comprising 87% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 13% share of total imports.

In the United Arab Emirates, spacecraft imports shrank by an average annual rate of -45.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, which is down by -10.6% against the previous year. In general, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2013 an increase of 79% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-8.0%).

Source: IndexBox Platform