GCC: Positive Displacement Pump Market 2024

Positive Displacement Pump Market Size in GCC

The GCC positive displacement pump market expanded modestly to $X in 2021, picking up by 3.5% against the previous year. Over the period under review, consumption recorded a significant expansion. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Positive Displacement Pump Production in GCC

In value terms, positive displacement pump production expanded markedly to $X in 2021 estimated in export price. Over the period under review, production saw significant growth. The pace of growth was the most pronounced in 2015 with an increase of 191% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Positive Displacement Pump Exports

Exports in GCC

In 2021, positive displacement pump exports in GCC shrank to X units, with a decrease of -8.1% against the previous year. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when exports increased by 62% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, positive displacement pump exports skyrocketed to $X in 2021. Overall, exports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 112% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X units, which was near 95% of total exports in 2021. It was distantly followed by Oman (X units), achieving a 4.8% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to positive displacement pump exports from the United Arab Emirates stood at -7.5%. At the same time, Oman (+21.6%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +21.6% from 2012-2021. While the share of Oman (+4.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-3.2 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest positive displacement pump supplier in GCC, comprising 89% of total exports. The second position in the ranking was taken by Oman ($X), with a 2.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +9.4%.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, increasing by 40% against the previous year. Over the period under review, the export price posted a strong increase. The most prominent rate of growth was recorded in 2013 when the export price increased by 72%. Over the period under review, the export prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Oman stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.3%).

Positive Displacement Pump Imports

Imports in GCC

In 2021, after two years of growth, there was significant decline in purchases abroad of positive displacement pumps and hand pumps, when their volume decreased by -17.3% to X units. Overall, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2020 with an increase of 87% against the previous year. As a result, imports reached the peak of X units, and then declined rapidly in the following year.

In value terms, positive displacement pump imports shrank dramatically to $X in 2021. Over the period under review, imports, however, showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 86%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X units, which was near 89% of total imports in 2021. It was distantly followed by Oman (X units), constituting a 9.1% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the positive displacement pumps and hand pumps imports, with a CAGR of +15.6% from 2012 to 2021. At the same time, Oman (+11.9%) displayed positive paces of growth. While the share of the United Arab Emirates (+3.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Oman (-2.6 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported positive displacement pumps and hand pumps in GCC, comprising 51% of total imports. The second position in the ranking was held by Oman ($X), with a 3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled +7.7%.

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, waning by -2.4% against the previous year. In general, the import price recorded a deep slump. The growth pace was the most rapid in 2018 an increase of 155%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per unit), while Oman amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (-4.7%).

Source: IndexBox Platform