GCC: Market for Moulds For Mineral Materials 2025

Market Size for Moulds For Mineral Materials in GCC

The GCC mould for mineral materials market reduced rapidly to $X in 2022, waning by -15.8% against the previous year. Overall, consumption saw a abrupt slump. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Moulds For Mineral Materials in GCC

In value terms, mould for mineral materials production fell modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 1,388% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Moulds For Mineral Materials

Exports in GCC

In 2022, mould for mineral materials exports in GCC expanded markedly to X units, growing by 6.3% against the previous year's figure. Over the period under review, exports recorded resilient growth. The pace of growth was the most pronounced in 2013 when exports increased by 167% against the previous year. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, mould for mineral materials exports shrank to $X in 2022. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2016 with an increase of 305%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X units, which was approx. 91% of total exports in 2022. Saudi Arabia (X units), Kuwait (X units) and Bahrain (X units) held a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the moulds for mineral materials exports, with a CAGR of +15.8% from 2012 to 2022. At the same time, Saudi Arabia (+13.6%) displayed positive paces of growth. Bahrain experienced a relatively flat trend pattern. By contrast, Kuwait (-5.0%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+19 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bahrain (-5.4 p.p.) and Kuwait (-14.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest mould for mineral materials supplier in GCC, comprising 94% of total exports. The second position in the ranking was held by Bahrain ($X), with a 2.8% share of total exports. It was followed by Saudi Arabia, with a 1.4% share.

In the United Arab Emirates, mould for mineral materials exports expanded at an average annual rate of +14.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (-6.6% per year) and Saudi Arabia (+8.5% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, falling by -12.5% against the previous year. In general, the export price continues to indicate a mild setback. The pace of growth was the most pronounced in 2016 when the export price increased by 166% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.2%), while the other leaders experienced a decline in the export price figures.

Imports of Moulds For Mineral Materials

Imports in GCC

In 2022, supplies from abroad of moulds for mineral materials increased by 0.2% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 47% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, mould for mineral materials imports contracted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by 43% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X units, which was near 84% of total imports in 2022. It was distantly followed by Oman (X units) and Kuwait (X units), together mixing up a 13% share of total imports. Bahrain (X units) took a relatively small share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -2.9% from 2012 to 2022. Oman (-2.6%), Bahrain (-13.9%) and Kuwait (-17.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+18 p.p.) and Oman (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (-3.7 p.p.) and Kuwait (-15.4 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported moulds for mineral materials in GCC, comprising 49% of total imports. The second position in the ranking was taken by Oman ($X), with a 4.3% share of total imports. It was followed by Kuwait, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +2.7%. In the other countries, the average annual rates were as follows: Oman (-6.4% per year) and Kuwait (-11.9% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, shrinking by -5.2% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when the import price increased by 87% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Bahrain ($X per unit) and the United Arab Emirates ($X per unit), while Kuwait ($X per unit) and Oman ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform