GCC: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in GCC

The GCC pneumatic linear acting actuator market declined slightly to $X in 2022, waning by -2.4% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Pneumatic Linear Acting Actuators in GCC

In value terms, pneumatic linear acting actuator production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a noticeable descent. The growth pace was the most rapid in 2017 with an increase of 67% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports in GCC

In 2022, the amount of pneumatic linear acting actuators exported in GCC surged to X units, picking up by 17% on 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2016 when exports increased by 245%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports soared to $X in 2022. In general, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 234%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) represented roughly 99% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +65.0%).

In value terms, the largest pneumatic linear acting actuator supplying countries in GCC were Saudi Arabia ($X) and the United Arab Emirates ($X).

Among the main exporting countries, Saudi Arabia, with a CAGR of +46.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by 18% against the previous year. In general, the export price, however, showed a noticeable descent. The pace of growth appeared the most rapid in 2018 an increase of 32% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.5%).

Imports of Pneumatic Linear Acting Actuators

Imports in GCC

In 2022, the amount of pneumatic linear acting actuators imported in GCC expanded sharply to X units, picking up by 9.9% on the year before. In general, imports showed a resilient increase. The pace of growth appeared the most rapid in 2013 when imports increased by 244% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, pneumatic linear acting actuator imports declined significantly to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -42.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 75%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X units, which was near 93% of total imports in 2022. Oman (X units), Kuwait (X units) and Bahrain (X units) held a relatively small share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the pneumatic linear acting actuators imports, with a CAGR of +21.6% from 2012 to 2022. At the same time, Bahrain (+14.7%), Oman (+3.1%) and Kuwait (+2.9%) displayed positive paces of growth. The United Arab Emirates (+17 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Oman saw its share reduced by -8.1% and -8.6% 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 ($X) constitutes the largest market for imported pneumatic linear acting actuators in GCC, comprising 76% of total imports. The second position in the ranking was held by Oman ($X), with a 5.8% share of total imports. It was followed by Kuwait, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +6.8%. In the other countries, the average annual rates were as follows: Oman (+9.1% per year) and Kuwait (-3.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of -46.5% against the previous year. In general, the import price faced a abrupt slump. The growth pace was the most rapid in 2015 an increase of 75%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the import prices remained at a 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 ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform