GCC: Non-Electric Bakery Oven Market 2024

Non-Electric Bakery Oven Market Size in GCC

The GCC non-electric bakery oven market soared to $X in 2022, with an increase of 20% against the previous year. Overall, consumption, however, saw a perceptible slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Non-Electric Bakery Oven Production in GCC

In value terms, non-electric bakery oven production amounted to $X in 2022 estimated in export price. In general, production recorded a buoyant expansion. The growth pace was the most rapid in 2017 when the production volume increased by 135%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Non-Electric Bakery Oven Exports

Exports in GCC

In 2022, approx. X units of non-electric bakery ovens were exported in GCC; surging by 36% compared with the previous year. Overall, exports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 80%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, non-electric bakery oven exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 143% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X units) was the key exporter of non-electric bakery ovens, mixing up 68% of total exports. It was distantly followed by Bahrain (X units), making up a 30% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -6.2% from 2012 to 2022. At the same time, Bahrain (+27.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +27.3% from 2012-2022. From 2012 to 2022, the share of Bahrain increased by +28 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest non-electric bakery oven supplier in GCC, comprising 70% of total exports. The second position in the ranking was held by Bahrain ($X), with a 27% share of total exports.

In the United Arab Emirates, non-electric bakery oven exports decreased by an average annual rate of -10.3% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, waning by -10.2% against the previous year. Over the period under review, the export price saw a noticeable decrease. The growth pace was the most rapid in 2020 an increase of 38%. The level of export peaked at $X per unit in 2015; however, from 2016 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 Bahrain totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.3%).

Non-Electric Bakery Oven Imports

Imports in GCC

In 2022, the amount of non-electric bakery ovens imported in GCC soared to X units, rising by 29% on the previous year's figure. Over the period under review, imports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 39%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-electric bakery oven imports expanded sharply to $X in 2022. Overall, imports showed notable growth. The pace of growth was the most pronounced in 2020 with an increase of 84% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Qatar (X units) and Bahrain (X units) represented roughly 86% of total imports in 2022. It was distantly followed by Oman (X units), generating an 11% share of total imports. Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of +3.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-electric bakery ovens in GCC, comprising 31% of total imports. The second position in the ranking was taken by Qatar ($X), with an 8.9% share of total imports. It was followed by Oman, with a 2.4% share.

In the United Arab Emirates, non-electric bakery oven imports increased at an average annual rate of +4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (+15.9% per year) and Oman (-12.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, which is down by -12.2% against the previous year. In general, the import price, however, saw a resilient expansion. The growth pace was the most rapid in 2015 when the import price increased by 94% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, 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 the United Arab Emirates ($X per unit), while Bahrain ($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 (+14.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform