GCC: Non-Household Fan Market 2024

Non-Household Fan Market Size in GCC

In 2022, after five years of growth, there was decline in the GCC non-household fan market, when its value decreased by -0.1% to $X. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2021, and then declined in the following year.

Non-Household Fan Production in GCC

In value terms, non-household fan production totaled $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 4% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Non-Household Fan Exports

Exports in GCC

In 2022, exports of non-household ventilation fans in GCC fell to X units, waning by -13.5% on 2021. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 72% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, non-household fan exports contracted slightly to $X in 2022. Overall, exports, however, posted a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 51% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X units, which was near 88% of total exports in 2022. It was distantly followed by Saudi Arabia (X units), comprising a 9.5% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the non-household ventilation fans exports, with a CAGR of +7.6% from 2012 to 2022. Saudi Arabia (-4.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Saudi Arabia (-16.6 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest non-household fan supplier in GCC, comprising 90% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 6.6% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +17.1%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, with an increase of 14% against the previous year. In general, the export price posted slight growth. The pace of growth was the most pronounced in 2017 an increase of 66%. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat 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 the United Arab Emirates (+8.8%).

Non-Household Fan Imports

Imports in GCC

In 2022, the amount of non-household ventilation fans imported in GCC fell slightly to X units, waning by -3.7% against the year before. The total import volume increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. The volume of import peaked at X units in 2021, and then dropped modestly in the following year.

In value terms, non-household fan imports stood at $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 31%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importing country with an import of around X units, which amounted to 67% of total imports. Saudi Arabia (X units) held the second position in the ranking, followed by Kuwait (X units). All these countries together held approx. 26% share of total imports. Oman (X units), Bahrain (X units) and Qatar (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +8.5% from 2012 to 2022. At the same time, Qatar (+16.9%) and Oman (+12.4%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +16.9% from 2012-2022. By contrast, Bahrain (-1.6%), Kuwait (-4.3%) and Saudi Arabia (-5.6%) illustrated a downward trend over the same period. The United Arab Emirates (+29 p.p.) and Oman (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Saudi Arabia saw its share reduced by -9.9% and -20.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported non-household ventilation fans in GCC, comprising 58% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 19% share of total imports. It was followed by Kuwait, with an 8.9% share.

In the United Arab Emirates, non-household fan imports increased at an average annual rate of +6.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (-4.5% per year) and Kuwait (-1.3% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, growing by 4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the import price increased by 27%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+3.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform