GCC: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in GCC

The GCC market for mechanical appliances for projecting, dispersing or spraying amounted to $X in 2022, flattening at the previous year. Over the period under review, consumption recorded a resilient expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in GCC

In value terms, production of mechanical appliances for projecting, dispersing or spraying amounted to $X in 2022 estimated in export price. Overall, production recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 157% against the previous year. Over the period under review, production of reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports in GCC

In 2022, exports of mechanical appliances for projecting, dispersing or spraying in GCC shrank to X units, which is down by -10% against the previous year. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 212%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying shrank to $X in 2022. Overall, exports, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 197% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

The United Arab Emirates represented the major exporter of mechanical appliances for projecting, dispersing or spraying in GCC, with the volume of exports accounting for X units, which was approx. 79% of total exports in 2022. It was distantly followed by Saudi Arabia (X units), generating an 18% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +7.8% from 2012 to 2022. At the same time, Saudi Arabia (+27.0%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +27.0% from 2012-2022. While the share of Saudi Arabia (+14 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-12.9 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest mechanical appliances for projecting, dispersing or spraying supplier in GCC, comprising 81% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +7.0%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, with an increase of 5.3% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 134%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably 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 Saudi Arabia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.7%).

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports in GCC

Imports of mechanical appliances for projecting, dispersing or spraying declined slightly to X units in 2022, which is down by -3.6% compared with the year before. Overall, imports, however, recorded a measured expansion. The pace of growth was the most pronounced in 2015 with an increase of 79%. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying fell to $X in 2022. In general, imports, however, saw a measured expansion. The pace of growth appeared the most rapid in 2015 with an increase of 58%. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates spraying structure, amounting to X units, which was near 85% of total imports in 2022. It was distantly followed by Oman (X units), committing a 9.6% share of total imports. The following importers - Bahrain (X units) and Kuwait (X units) - together made up 5.6% of total imports.

From 2012 to 2022, average annual rates of growth with regard to mechanical appliances for projecting, dispersing or spraying imports into the United Arab Emirates stood at +3.5%. At the same time, Bahrain (+17.0%) and Oman (+11.1%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +17.0% from 2012-2022. By contrast, Kuwait (-10.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Oman and Bahrain increased by +4.8 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mechanical appliances for projecting, dispersing or spraying in GCC, comprising 71% of total imports. The second position in the ranking was taken by Oman ($X), with a 6.5% share of total imports. It was followed by Bahrain, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +2.5%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+4.6% per year) and Bahrain (+11.0% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, reducing by -3.1% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by 27%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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 Bahrain ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform