GCC: Market for Machines For The Manufacture Of Flat Panel Displays 2022

Market Size for Machines For The Manufacture Of Flat Panel Displays in GCC

In 2021, the GCC panel display manufacturing machine market decreased by -23.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2020, and then declined markedly in the following year.

Production of Machines For The Manufacture Of Flat Panel Displays in GCC

In value terms, panel display manufacturing machine production shrank to $X in 2021 estimated in export price. In general, production saw a mild slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in GCC

In 2021, panel display manufacturing machine exports in GCC shrank significantly to X units, which is down by -72.2% on 2020. Overall, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when exports increased by 459% against the previous year. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine exports fell sharply to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 279%. 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

Saudi Arabia was the largest exporting country with an export of around X units, which recorded 80% of total exports. Oman (X units) took the second position in the ranking, distantly followed by the United Arab Emirates (X units). All these countries together held approx. 20% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the machines for the manufacture of flat panel displays exports, with a CAGR of +9.6% from 2012 to 2021. Oman experienced a relatively flat trend pattern. the United Arab Emirates (-25.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Saudi Arabia and Oman increased by +53 and +3.5 percentage points, respectively.

In value terms, the largest panel display manufacturing machine supplying countries in GCC were Saudi Arabia ($X), Oman ($X) and the United Arab Emirates ($X), together accounting for 100% of total exports.

In terms of the main exporting countries, Saudi Arabia, with a CAGR of +9.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, picking up by 157% against the previous year. Over the period under review, the export price posted moderate growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Oman ($X per unit), while Saudi Arabia ($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 (+7.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in GCC

In 2021, supplies from abroad of machines for the manufacture of flat panel displays decreased by -29.8% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2014 with an increase of 186% against the previous year. The volume of import peaked at X units in 2020, and then shrank markedly in the following year.

In value terms, panel display manufacturing machine imports reduced rapidly to $X in 2021. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by 334%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, recording X units, which was approx. 83% of total imports in 2021. It was distantly followed by Bahrain (X units) and Kuwait (X units), together mixing up a 10% share of total imports. The following importers - Oman (X units) and Saudi Arabia (X units) - each recorded a 6.8% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the machines for the manufacture of flat panel displays imports, with a CAGR of +36.4% from 2012 to 2021. At the same time, Kuwait (+14.7%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. By contrast, Bahrain (-3.1%) and Saudi Arabia (-24.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Kuwait and Saudi Arabia increased by +50, +5.1 and +3.4 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported machines for the manufacture of flat panel displays in GCC, comprising 88% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.3% share of total imports. It was followed by Bahrain, with a 1.4% share.

In the United Arab Emirates, panel display manufacturing machine imports expanded at an average annual rate of +19.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-31.6% per year) and Bahrain (-17.4% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, dropping by -48.8% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of 52%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while Kuwait ($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 (-9.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform