GCC: Fruit-Preparation Industrial Machinery Market 2024

Fruit-Preparation Industrial Machinery Market Size in GCC

In 2021, the GCC fruit-preparation industrial machinery market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption enjoyed a resilient increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Fruit-Preparation Industrial Machinery Production in GCC

In value terms, fruit-preparation industrial machinery production amounted to $X in 2021 estimated in export price. Overall, production saw strong growth. The growth pace was the most rapid in 2015 when the production volume increased by 56%. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Fruit-Preparation Industrial Machinery Exports

Exports in GCC

Fruit-preparation industrial machinery exports dropped sharply to X units in 2021, reducing by -34% against the year before. Over the period under review, exports, however, continue to indicate a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by 1,892%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, fruit-preparation industrial machinery exports soared to $X in 2021. In general, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 248%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X units, which was near 88% of total exports in 2021. It was distantly followed by Bahrain (X units), making up an 8.2% share of total exports. Saudi Arabia (X units) held a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to fruit-preparation industrial machinery exports from the United Arab Emirates stood at +5.0%. At the same time, Bahrain (+9.7%) and Saudi Arabia (+6.4%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +9.7% from 2012-2021. While the share of Bahrain (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-1.7 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 ($X) remains the largest fruit-preparation industrial machinery supplier in GCC, comprising 93% of total exports. The second position in the ranking was held by Bahrain ($X), with a 3.5% share of total exports.

In the United Arab Emirates, fruit-preparation industrial machinery exports increased at an average annual rate of +5.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Bahrain (+7.1% per year) and Saudi Arabia (+23.5% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, jumping by 94% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 425% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+16.6%), while the other leaders experienced mixed trends in the export price figures.

Fruit-Preparation Industrial Machinery Imports

Imports in GCC

In 2021, after two years of decline, there was significant growth in overseas purchases of industrial machinery for the preparation of fruits, nuts or vegetables, when their volume increased by 165% to X units. Overall, imports saw a significant expansion. Over the period under review, imports reached the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, fruit-preparation industrial machinery imports soared to $X in 2021. In general, imports posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by 80% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Imports by Country

Qatar prevails in imports structure, amounting to X units, which was approx. 92% of total imports in 2021. It was distantly followed by the United Arab Emirates (X units), making up a 6.8% share of total imports.

Qatar was also the fastest-growing in terms of the industrial machinery for the preparation of fruits, nuts or vegetables imports, with a CAGR of +21.3% from 2012 to 2021. At the same time, the United Arab Emirates (+19.8%) displayed positive paces of growth. While the share of Qatar (+4.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported industrial machinery for the preparation of fruits, nuts or vegetables in GCC, comprising 90% of total imports. The second position in the ranking was held by Qatar ($X), with a 5.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +25.3%.

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, with a decrease of -47.3% against the previous year. Overall, the import price saw a abrupt decline. The pace of growth appeared the most rapid in 2020 an increase of 138% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.6%).

Source: IndexBox Platform