GCC: Industrial Robot Market 2024

Industrial Robot Market Size in GCC

After two years of growth, the GCC industrial robot market decreased by -12.3% to $X in 2021. Over the period under review, consumption, however, continues to indicate a buoyant expansion. As a result, consumption attained the peak level of $X, and then dropped in the following year.

Industrial Robot Production in GCC

In value terms, industrial robot production declined to $X in 2021 estimated in export price. In general, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of 48%. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Industrial Robot Exports

Exports in GCC

In 2021, industrial robot exports in GCC contracted significantly to X units, shrinking by -41.9% on the previous year. Overall, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 221%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, industrial robot exports fell significantly to $X in 2021. In general, exports, however, posted prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by 310%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) dominates exports structure, together making up 98% of total exports. Oman (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +16.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) were the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

In terms of the main exporting countries, Oman, with a CAGR of +24.8%, saw the highest rates of growth with regard to the value of exports, 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 2021, increasing by 3.9% against the previous year. In general, the export price enjoyed a resilient increase. The growth pace was the most rapid in 2017 an increase of 108% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 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 the United Arab Emirates ($X per unit), while Oman ($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 (+5.6%), while the other leaders experienced more modest paces of growth.

Industrial Robot Imports

Imports in GCC

For the third consecutive year, GCC recorded growth in supplies from abroad of industrial robots for multiple uses, which increased by 14% to X units in 2021. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 when imports increased by 209%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the immediate term.

In value terms, industrial robot imports skyrocketed to $X in 2021. Over the period under review, imports posted buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of 211% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X units, which was approx. 87% of total imports in 2021. It was distantly followed by Qatar (X units), making up a 5.9% share of total imports. Oman (X units) and Kuwait (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +16.5% from 2012 to 2021. At the same time, Oman (+33.4%) and Qatar (+22.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +33.4% from 2012-2021. By contrast, Kuwait (-10.8%) illustrated a downward trend over the same period. The United Arab Emirates (+11 p.p.), Oman (+3.1 p.p.) and Qatar (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait saw its share reduced by -17% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported industrial robots for multiple uses in GCC, comprising 33% of total imports. The second position in the ranking was taken by Qatar ($X), with a 5.6% share of total imports. It was followed by Oman, with a 1.7% share.

In the United Arab Emirates, industrial robot imports expanded at an average annual rate of +14.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Qatar (+21.1% per year) and Oman (+37.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, increasing by 68% against the previous year. Import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial robot import price increased by +101.5% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Qatar ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform