GCC: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in GCC

After three years of growth, the GCC domestic electro-thermic appliances market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then dropped in the following year.

Domestic Electro-Thermic Appliances Production in GCC

In value terms, domestic electro-thermic appliances production rose remarkably to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Domestic Electro-Thermic Appliances Exports

Exports in GCC

For the third year in a row, GCC recorded growth in overseas shipments of domestic electro-thermic appliances, which increased by X% to X units in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, domestic electro-thermic appliances exports surged to $X in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Bahrain (X units), achieving an X% share of total exports. Saudi Arabia (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to domestic electro-thermic appliances exports from the United Arab Emirates stood at X%. At the same time, Bahrain (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. Saudi Arabia experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest domestic electro-thermic appliances supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a noticeable slump. The growth pace was the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Bahrain ($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.

Domestic Electro-Thermic Appliances Imports

Imports in GCC

In 2022, supplies from abroad of domestic electro-thermic appliances decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, domestic electro-thermic appliances imports rose to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

The United Arab Emirates was the key importer of domestic electro-thermic appliances in GCC, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Saudi Arabia (X units) took the second position in the ranking, distantly followed by Kuwait (X units) and Qatar (X units). All these countries together took near X% share of total imports. The following importers - Oman (X units) and Bahrain (X units) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to domestic electro-thermic appliances imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%), Saudi Arabia (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Bahrain experienced a relatively flat trend pattern. From 2012 to 2022, the share of Saudi Arabia and Qatar increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest domestic electro-thermic appliances importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total imports. Qatar, Oman and Bahrain lagged somewhat behind, together accounting for a further X%.

Qatar, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, surging by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform