GCC: Electric Soldering Iron Market 2025

Electric Soldering Iron Market Size in GCC

The GCC electric soldering iron market rose notably to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed prominent growth. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Electric Soldering Iron Production in GCC

In value terms, electric soldering iron production soared to $X in 2022 estimated in export price. Overall, production showed a strong increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Electric Soldering Iron Exports

Exports in GCC

In 2022, shipments abroad of electric soldering irons and guns increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. In general, exports recorded prominent growth. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, electric soldering iron exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of electric soldering irons and guns, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the electric soldering irons and guns exports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest electric soldering iron supplier in GCC.

In the United Arab Emirates, electric soldering iron exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Electric Soldering Iron Imports

Imports in GCC

Electric soldering iron imports contracted sharply to X units in 2022, which is down by X% against 2021. Overall, imports, however, saw a slight increase. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, electric soldering iron imports fell to $X in 2022. Over the period under review, imports showed a mild curtailment. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importer of electric soldering irons and guns in GCC, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Kuwait (X units) ranks second in terms of the total imports with a X% share, followed by Oman (X%) and Bahrain (X%). Qatar (X units) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of electric soldering irons and guns. At the same time, Oman (X%), Kuwait (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (X p.p.) and the United Arab Emirates (X 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 ($X), Qatar ($X) and Bahrain ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Qatar, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, increasing by X% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while Oman ($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 mixed trends in the import price figures.

Source: IndexBox Platform