GCC: Market for Prefabricated Buildings Of Plastics, Concrete Or Aluminium 2024

Market Size for Prefabricated Buildings Of Plastics, Concrete Or Aluminium in GCC

The GCC market for prefabricated buildings of plastics, concrete or aluminium declined to $X in 2021, waning by -2.4% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The level of consumption peaked at $X in 2020, and then contracted modestly in the following year.

Production of Prefabricated Buildings Of Plastics, Concrete Or Aluminium in GCC

In value terms, production of prefabricated buildings of plastics, concrete or aluminium declined modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the production volume increased by 24% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production of growth failed to regain momentum.

Exports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Exports in GCC

In 2021, overseas shipments of prefabricated buildings of plastics, concrete or aluminium increased by 21% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, showed a abrupt decline. The most prominent rate of growth was recorded in 2016 when exports increased by 83%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of prefabricated buildings of plastics, concrete or aluminium soared to $X in 2021. Overall, exports, however, saw a abrupt decrease. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the major exporting country with an export of about X tons, which recorded 66% of total exports. Kuwait (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (7%). Oman (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of -3.0% from 2012 to 2021. At the same time, Kuwait (+4.6%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +4.6% from 2012-2021. Oman experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-21.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+15 p.p.) and Kuwait (+14 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-29.7 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 ($X) remains the largest prefabricated buildings of plastics, concrete or aluminium supplier in GCC, comprising 76% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -4.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (+5.2% per year) and Saudi Arabia (-18.1% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, increasing by 13% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the export price increased by 122%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prefabricated Buildings Of Plastics, Concrete Or Aluminium

Imports in GCC

In 2021, the amount of prefabricated buildings of plastics, concrete or aluminium imported in GCC dropped slightly to X tons, waning by -2.3% against the previous year's figure. Overall, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of 54% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, imports of prefabricated buildings of plastics, concrete or aluminium surged to $X in 2021. Over the period under review, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 51% against the previous year. Over the period under review, imports of hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Saudi Arabia (X tons) and Qatar (X tons) represented the main importers of prefabricated buildings of plastics, concrete or aluminium in GCC, together constituting 67% of total imports. The United Arab Emirates (X tons) ranks next in terms of the total imports with an 18% share, followed by Kuwait (7.4%) and Oman (5.8%). Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +5.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest prefabricated buildings of plastics, concrete or aluminium importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together accounting for 86% of total imports.

The United Arab Emirates, with a CAGR of +3.4%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, picking up by 35% against the previous year. Over the last nine years, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2017 an increase of 54% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Qatar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform