GCC: Meat-Preparation Industrial Machinery Market 2024

Meat-Preparation Industrial Machinery Market Size in GCC

In 2022, the GCC meat-preparation industrial machinery market increased by 2.6% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +5.1% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Meat-Preparation Industrial Machinery Production in GCC

In value terms, meat-preparation industrial machinery production shrank to $X in 2022 estimated in export price. The total production indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.5% 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 +0.2% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of 72% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Meat-Preparation Industrial Machinery Exports

Exports in GCC

In 2022, overseas shipments of industrial machinery for the preparation of meat or poultry were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, exports posted a resilient expansion. The pace of growth appeared the most rapid in 2016 with an increase of 166% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, meat-preparation industrial machinery exports reduced modestly to $X in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 86%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X units, which was approx. 95% of total exports in 2022. Oman (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the industrial machinery for the preparation of meat or poultry exports, with a CAGR of +22.4% from 2012 to 2022. At the same time, Oman (+14.9%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by +42 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest meat-preparation industrial machinery supplier in GCC, comprising 98% of total exports. The second position in the ranking was held by Oman ($X), with a 1.2% share of total exports.

In the United Arab Emirates, meat-preparation industrial machinery exports expanded at an average annual rate of +18.9% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, with a decrease of -28.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 67% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced dramatically in the following year.

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 the United Arab Emirates ($X per unit), while Oman amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+12.0%).

Meat-Preparation Industrial Machinery Imports

Imports in GCC

In 2022, after two years of decline, there was significant growth in purchases abroad of industrial machinery for the preparation of meat or poultry, when their volume increased by 22% to X units. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2019 when imports increased by 216% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, meat-preparation industrial machinery imports dropped sharply to $X in 2022. Overall, imports saw slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by 59% against the previous year. As a result, imports attained the peak of $X, and then dropped notably in the following year.

Imports by Country

Kuwait (X units) and the United Arab Emirates (X units) were the main importers of industrial machinery for the preparation of meat or poultry in 2022, resulting at near 41% and 29% of total imports, respectively. Qatar (X units) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Oman (9.8%). Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Oman (with a CAGR of +30.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported industrial machinery for the preparation of meat or poultry in GCC, comprising 36% of total imports. The second position in the ranking was taken by Oman ($X), with a 13% share of total imports. It was followed by Qatar, with a 6.8% share.

In the United Arab Emirates, meat-preparation industrial machinery imports expanded at an average annual rate of +3.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+14.7% per year) and Qatar (+18.0% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, with a decrease of -32.1% against the previous year. Over the period under review, the import price saw a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 79%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Oman ($X per unit), while Kuwait ($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 (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform