GCC: Market for Continuous-Action Elevators And Conveyors 2025

Market Size for Continuous-Action Elevators And Conveyors in GCC

The GCC continuous-action elevators and conveyors market expanded notably to $X in 2022, surging by X% against the previous year. In general, consumption showed a buoyant expansion. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Continuous-Action Elevators And Conveyors in GCC

In value terms, continuous-action elevators and conveyors production reached $X in 2022 estimated in export price. Over the period under review, production saw strong growth. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports in GCC

In 2022, approx. X units of continuous-action elevators and conveyors were exported in GCC; picking up by X% compared with the previous year's figure. In general, exports, however, showed a slight downturn. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, continuous-action elevators and conveyors exports dropped to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of around X units, which finished at X% of total exports. Bahrain (X units) ranks second in terms of the total exports with a X% share, followed by Kuwait (X%).

From 2012 to 2022, average annual rates of growth with regard to continuous-action elevators and conveyors exports from the United Arab Emirates stood at X%. At the same time, Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bahrain and Kuwait increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest continuous-action elevators and conveyors supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, continuous-action elevators and conveyors exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price, however, saw a temperate increase. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Imports of Continuous-Action Elevators And Conveyors

Imports in GCC

In 2022, continuous-action elevators and conveyors imports in GCC dropped modestly to X units, which is down by X% against the previous year's figure. Overall, imports recorded a pronounced setback. The growth pace was the most rapid in 2016 when imports increased by X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, continuous-action elevators and conveyors imports shrank rapidly to $X in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Qatar (X units) represented the largest importer of continuous-action elevators and conveyors, making up X% of total imports. Bahrain (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Kuwait (X%) and Oman (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Oman (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest continuous-action elevators and conveyors importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), together comprising X% of total imports.

Kuwait, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price saw a noticeable curtailment. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform