GCC: Milling Industry Machinery Market 2024

Milling Industry Machinery Market Size in GCC

The GCC milling industry machinery market reduced notably to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a deep reduction. As a result, consumption reached the peak level of $X, and then reduced markedly in the following year.

Milling Industry Machinery Production in GCC

In value terms, milling industry machinery production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable increase. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Milling Industry Machinery Exports

Exports in GCC

For the third consecutive year, GCC recorded decline in shipments abroad of milling industry machinery, which decreased by X% to X units in 2022. Overall, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, milling industry machinery exports reduced notably to $X in 2022. Over the period under review, exports showed a dramatic decline. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Oman (X units), generating a X% share of total exports. Bahrain (X units) held a little share of total exports.

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

In value terms, the United Arab Emirates ($X) remains the largest milling industry machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports.

In the United Arab Emirates, milling industry machinery exports contracted by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Oman (X%), while the other leaders experienced a decline in the export price figures.

Milling Industry Machinery Imports

Imports in GCC

After two years of growth, purchases abroad of milling industry machinery decreased by X% to X units in 2022. Over the period under review, imports, however, continue to indicate mild growth. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank sharply in the following year.

In value terms, milling industry machinery imports fell remarkably to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X units, which resulted at X% of total imports. Oman (X units) took the second position in the ranking, followed by Bahrain (X units). All these countries together held approx. X% share of total imports. Kuwait (X units) took a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Oman, the United Arab Emirates and Bahrain increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported milling industry machinery in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, milling industry machinery imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, continues to indicate a mild decline. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the 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 Kuwait ($X per unit), while the United Arab Emirates ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform