GCC: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2025

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in GCC

The GCC market for machine-tools for working stone, ceramics, and concrete dropped markedly to $X in 2022, falling by -59.2% against the previous year. Overall, consumption continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in GCC

In value terms, machine tools for working stone production fell modestly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 75%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports in GCC

In 2022, overseas shipments of machine-tools for working stone, ceramics, and concrete decreased by -33.1% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports, however, posted a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of 166% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, machine tools for working stone exports dropped dramatically to $X in 2022. In general, exports, however, recorded a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of 168%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X units, which was near 88% of total exports in 2022. It was distantly followed by Kuwait (X units), comprising an 8.7% share of total exports. Oman (X units) took a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +4.5% from 2012 to 2022. At the same time, Kuwait (+27.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +27.2% from 2012-2022. By contrast, Oman (-6.0%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+20 p.p.) and Kuwait (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (-3.4 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest machine tools for working stone supplier in GCC, comprising 89% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 7.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +7.0%. In the other countries, the average annual rates were as follows: Kuwait (+31.1% per year) and Oman (-7.6% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, growing by 24% against the previous year. Export price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, machine tools for working stone export price increased by +95.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the export price increased by 57% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, 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 Kuwait (+3.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports in GCC

In 2022, imports of machine-tools for working stone, ceramics, and concrete in GCC contracted to X units, reducing by -4.3% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a mild increase. The pace of growth appeared the most rapid in 2019 with an increase of 239% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, machine tools for working stone imports shrank modestly to $X in 2022. In general, imports showed a pronounced setback. The pace of growth was the most pronounced in 2019 with an increase of 110%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importer of machine-tools for working stone, ceramics, and concrete in GCC, with the volume of imports accounting for X units, which was near 70% of total imports in 2022. It was distantly followed by Oman (X units), creating a 24% share of total imports. The following importers - Kuwait (X units) and Bahrain (X units) - each reached a 6.2% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the machine-tools for working stone, ceramics, and concrete imports, with a CAGR of +3.9% from 2012 to 2022. Kuwait (-3.1%), Bahrain (-3.2%) and Oman (-3.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by +18 percentage points.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported machine-tools for working stone, ceramics, and concrete in GCC, comprising 38% of total imports. The second position in the ranking was taken by Oman ($X), with a 7% share of total imports. It was followed by Bahrain, with a 1.5% share.

In the United Arab Emirates, machine tools for working stone imports increased at an average annual rate of +1.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (-7.0% per year) and Bahrain (-4.9% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, growing by 2% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The pace of growth was the most pronounced in 2020 when the import price increased by 169%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Bahrain (-1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform