GCC: Electric Heating Resistor Market 2025

Electric Heating Resistor Market Size in GCC

The GCC electric heating resistor market reduced to $X in 2021, dropping by -6.1% against the previous year. In general, consumption, however, showed a strong expansion. The level of consumption peaked at $X in 2020, and then declined in the following year.

Electric Heating Resistor Production in GCC

In value terms, electric heating resistor production declined to $X in 2021 estimated in export price. In general, production, however, continues to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 110%. Over the period under review, production reached the peak level at $X in 2020, and then fell in the following year.

Electric Heating Resistor Exports

Exports in GCC

In 2021, overseas shipments of electric heating resistors were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports posted a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 331% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric heating resistor exports reduced modestly to $X in 2021. In general, exports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2020 with an increase of 62% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporting country with an export of about X units, which reached 84% of total exports. It was distantly followed by Kuwait (X units) and Bahrain (X units), together committing a 15% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the electric heating resistors exports, with a CAGR of +19.6% from 2012 to 2021. At the same time, Bahrain (+9.7%) and Kuwait (+8.7%) displayed positive paces of growth. From 2012 to 2021, the share of the United Arab Emirates increased by +17 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest electric heating resistor supplier in GCC, comprising 78% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +4.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (+6.8% per year) and Bahrain (+6.2% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, falling by -28.6% against the previous year. Over the period under review, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2020 when the export price increased by 108%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (-1.8%), while the other leaders experienced a decline in the export price figures.

Electric Heating Resistor Imports

Imports in GCC

In 2021, imports of electric heating resistors in GCC soared to X units, with an increase of 75% against the previous year's figure. Overall, imports showed a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electric heating resistor imports soared to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, recording X units, which was approx. 80% of total imports in 2021. Oman (X units) took the second position in the ranking, followed by Kuwait (X units) and Bahrain (X units). All these countries together held approx. 18% share of total imports. Qatar (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electric heating resistor imports into the United Arab Emirates stood at +11.5%. At the same time, Bahrain (+11.8%), Qatar (+11.3%), Oman (+1.4%) and Kuwait (+1.1%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +11.8% from 2012-2021. While the share of the United Arab Emirates (+12 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Kuwait (-5.8 p.p.) and Oman (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electric heating resistors in GCC, comprising 49% of total imports. The second position in the ranking was held by Oman ($X), with a 5.2% share of total imports. It was followed by Kuwait, with a 3.4% share.

In the United Arab Emirates, electric heating resistor imports expanded at an average annual rate of +6.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Oman (+2.2% per year) and Kuwait (-4.4% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, declining by -18.5% against the previous year. Over the period under review, the import price recorded a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 17% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Qatar ($X per unit), while Bahrain ($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 (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform