GCC: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in GCC

In 2021, the GCC filling containers machinery market increased by 7.4% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption continues to indicate resilient growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Filling Containers Machinery Production in GCC

In value terms, filling containers machinery production stood at $X in 2021 estimated in export price. Overall, production, however, saw buoyant growth. The pace of growth was the most pronounced in 2013 with an increase of 126% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Filling Containers Machinery Exports

Exports in GCC

In 2021, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported in GCC skyrocketed to X units, growing by 115% against 2020. Over the period under review, exports continue to indicate a prominent expansion. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, filling containers machinery exports skyrocketed to $X in 2021. In general, exports posted buoyant growth. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the major exporting country with an export of about X units, which resulted at 69% of total exports. It was distantly followed by Saudi Arabia (X units), constituting a 30% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to filling containers machinery exports from the United Arab Emirates stood at +12.7%. At the same time, Saudi Arabia (+29.5%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +29.5% from 2012-2021. From 2012 to 2021, the share of Saudi Arabia increased by +20 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest filling containers machinery supplier in GCC, comprising 82% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +14.9%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, increasing by 80% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 100%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.6%).

Filling Containers Machinery Imports

Imports in GCC

In 2021, supplies from abroad of machinery for filling, closing, sealing, capsuling or labelling containers increased by 48% to X units, rising for the fourth consecutive year after three years of decline. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, filling containers machinery imports skyrocketed to $X in 2021. Total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +71.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 35% 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

In 2021, the United Arab Emirates (X units) was the major importer of machinery for filling, closing, sealing, capsuling or labelling containers, mixing up 60% of total imports. Oman (X units) took the second position in the ranking, distantly followed by Kuwait (X units) and Bahrain (X units). All these countries together held near 39% share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +13.1% from 2012 to 2021. At the same time, Kuwait (+23.8%), Bahrain (+22.2%) and Oman (+11.9%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +23.8% from 2012-2021. While the share of Kuwait (+5.9 p.p.) and Bahrain (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Oman (-4 p.p.) and the United Arab Emirates (-5.5 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported machinery for filling, closing, sealing, capsuling or labelling containers in GCC, comprising 46% of total imports. The second position in the ranking was held by Kuwait ($X), with a 6.1% share of total imports. It was followed by Bahrain, with a 4.6% share.

In the United Arab Emirates, filling containers machinery imports expanded at an average annual rate of +19.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+16.7% per year) and Bahrain (+13.8% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, shrinking by -14% against the previous year. Overall, the import price saw a deep slump. The pace of growth appeared the most rapid in 2016 when the import price increased by 17%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 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, 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 the United Arab Emirates (+5.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform