GCC: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2025

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in GCC

The GCC market for fully or partly automatic electric machines for arc welding of metals shrank markedly to $X in 2022, declining by -30.6% against the previous year. Over the period under review, consumption saw a noticeable downturn. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in GCC

In value terms, production of fully or partly automatic electric machines for arc welding of metals fell to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -22.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 62%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in GCC

In 2022, overseas shipments of fully or partly automatic electric machines for arc welding of metals were finally on the rise to reach X units after three years of decline. Over the period under review, exports posted a measured expansion. The growth pace was the most rapid in 2017 when exports increased by 228%. Over the period under review, the exports of attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals soared to $X in 2022. In general, exports saw resilient growth. The growth pace was the most rapid in 2018 when exports increased by 191%. Over the period under review, the exports of reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of fully or partly automatic electric machines for arc welding of metals, namely Oman, Saudi Arabia and the United Arab Emirates, represented more than two-thirds of total export. It was distantly followed by Kuwait (X units), generating a 4.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +34.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest fully or partly automatic arc welding machine supplying countries in GCC were Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X), with a combined 89% share of total exports.

Oman, with a CAGR of +34.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, growing by 6.5% against the previous year. Over the period under review, the export price recorded a temperate increase. The pace of growth was the most pronounced in 2016 when the export price increased by 124% against the previous year. 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 stood at a somewhat 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 Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+12.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in GCC

Imports of fully or partly automatic electric machines for arc welding of metals declined remarkably to X units in 2022, reducing by -28.7% compared with 2021. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2015 when imports increased by 44% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals shrank dramatically to $X in 2022. Over the period under review, imports recorded a perceptible downturn. The pace of growth was the most pronounced in 2021 when imports increased by 43%. Over the period under review, imports of hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importer of fully or partly automatic electric machines for arc welding of metals in GCC, with the volume of imports amounting to X units, which was near 82% of total imports in 2022. It was distantly followed by Oman (X units), committing a 10% share of total imports. Qatar (X units) and Kuwait (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to fully or partly automatic arc welding machine imports into the United Arab Emirates stood at -2.4%. At the same time, Kuwait (+3.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +3.3% from 2012-2022. By contrast, Oman (-5.4%) and Qatar (-7.9%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (-2.8 p.p.) and Oman (-3 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 ($X) constitutes the largest market for imported fully or partly automatic electric machines for arc welding of metals in GCC, comprising 42% of total imports. The second position in the ranking was held by Qatar ($X), with a 3.8% share of total imports. It was followed by Oman, with a 3.7% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to -6.5%. In the other countries, the average annual rates were as follows: Qatar (-7.7% per year) and Oman (+0.2% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, growing by 12% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 46%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the 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 ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform