GCC: Hydraulic Press Market 2025

Hydraulic Press Market Size in GCC

The GCC hydraulic press market totaled $X in 2022, surging by 4.8% against the previous year. Over the period under review, consumption, however, recorded a resilient expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Hydraulic Press Production in GCC

In value terms, hydraulic press production expanded markedly to $X in 2022 estimated in export price. In general, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 140% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydraulic Press Exports

Exports in GCC

Hydraulic press exports skyrocketed to X units in 2022, picking up by 73% compared with the year before. Over the period under review, exports, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 2,611%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, hydraulic press exports soared to $X in 2022. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2015 when exports increased by 1,297% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporter of hydraulic presses for working metal in GCC, with the volume of exports finishing at X units, which was near 82% of total exports in 2022. It was distantly followed by Oman (X units), generating an 11% share of total exports. The following exporters - Bahrain (X units) and Kuwait (X units) - each accounted for a 6.8% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -2.1% from 2012 to 2022. At the same time, Oman (+12.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +12.5% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Bahrain (-2.2%) illustrated a downward trend over the same period. Oman (+8.1 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -4.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest hydraulic press supplier in GCC, comprising 78% of total exports. The second position in the ranking was taken by Oman ($X), with a 14% share of total exports. It was followed by Kuwait, with a 4.6% share.

In the United Arab Emirates, hydraulic press exports plunged by an average annual rate of -10.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (+31.7% per year) and Kuwait (+8.2% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, increasing by 15% against the previous year. In general, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2016 when the export price increased by 106% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Kuwait ($X per unit) and Oman ($X per unit), while the United Arab Emirates ($X per unit) and Bahrain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+17.0%), while the other leaders experienced mixed trends in the export price figures.

Hydraulic Press Imports

Imports in GCC

Hydraulic press imports dropped to X units in 2022, waning by -9.2% compared with the previous year. Over the period under review, imports, however, recorded perceptible growth. The most prominent rate of growth was recorded in 2014 with an increase of 138% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, hydraulic press imports declined rapidly to $X in 2022. In general, imports recorded a slight slump. The most prominent rate of growth was recorded in 2021 with an increase of 126% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) was the largest importer of hydraulic presses for working metal, achieving 72% of total imports. Bahrain (X units) ranks second in terms of the total imports with a 13% share, followed by Kuwait (7.2%). The following importers - Oman (X units) and Qatar (X units) - together made up 7.5% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +4.4% from 2012 to 2022. At the same time, Bahrain (+21.1%) and Kuwait (+9.2%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +21.1% from 2012-2022. Oman experienced a relatively flat trend pattern. By contrast, Qatar (-16.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain, the United Arab Emirates and Kuwait increased by +10, +10 and +3.3 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hydraulic presses for working metal in GCC, comprising 41% of total imports. The second position in the ranking was taken by Oman ($X), with a 2.8% share of total imports. It was followed by Bahrain, with a 2.5% share.

In the United Arab Emirates, hydraulic press imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (-6.2% per year) and Bahrain (+8.1% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, declining by -22% against the previous year. Overall, the import price saw a noticeable reduction. The growth pace was the most rapid in 2017 an increase of 59%. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+4.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform