GCC: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2025

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in GCC

In 2021, the GCC cement prefabricated structural components market decreased by -3.8% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +68.4% against 2016 indices. Over the period under review, the market reached the peak level at $X in 2020, and then fell in the following year.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in GCC

In value terms, cement prefabricated structural components production fell to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +73.1% against 2016 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 49% against the previous year. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports in GCC

In 2021, the amount of prefabricated structural components of cement, concrete or artificial stone exported in GCC fell notably to X tons, with a decrease of -72.5% compared with 2020. In general, exports showed a abrupt curtailment. The growth pace was the most rapid in 2017 when exports increased by 55% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, cement prefabricated structural components exports shrank notably to $X in 2021. Overall, exports recorded a abrupt descent. The growth pace was the most rapid in 2015 with an increase of 47%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) and Oman (X tons) dominates exports structure, together comprising 80% of total exports. It was distantly followed by Saudi Arabia (X tons) and Bahrain (X tons), together achieving a 19% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +25.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cement prefabricated structural components supplying countries in GCC were Bahrain ($X), Oman ($X) and the United Arab Emirates ($X), together accounting for 96% of total exports.

Among the main exporting countries, Bahrain, with a CAGR of +48.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, increasing by 121% against the previous year. Over the period under review, the export price saw a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+24.3%), while the other leaders experienced more modest paces of growth.

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports in GCC

In 2021, the amount of prefabricated structural components of cement, concrete or artificial stone imported in GCC dropped to X tons, reducing by -3.4% on 2020. Over the period under review, imports recorded a slight decline. The most prominent rate of growth was recorded in 2014 when imports increased by 95%. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, cement prefabricated structural components imports skyrocketed to $X in 2021. In general, imports recorded a noticeable setback. The growth pace was the most rapid in 2014 with an increase of 106% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Qatar (X tons) was the major importer of prefabricated structural components of cement, concrete or artificial stone, creating 54% of total imports. It was distantly followed by Kuwait (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons), together generating a 43% share of total imports. Bahrain (X tons) held a minor share of total imports.

Qatar was also the fastest-growing in terms of the prefabricated structural components of cement, concrete or artificial stone imports, with a CAGR of +34.3% from 2012 to 2021. At the same time, the United Arab Emirates (+20.8%), Bahrain (+19.3%) and Kuwait (+1.4%) displayed positive paces of growth. By contrast, Saudi Arabia (-2.0%) and Oman (-27.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Qatar, the United Arab Emirates, Kuwait and Bahrain increased by +50, +11, +3.4 and +3.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported prefabricated structural components of cement, concrete or artificial stone in GCC, comprising 56% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 14% share of total imports. It was followed by Saudi Arabia, with a 13% share.

In Qatar, cement prefabricated structural components imports expanded at an average annual rate of +14.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+17.8% per year) and Saudi Arabia (-2.2% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, picking up by 35% against the previous year. Over the period under review, the import price, however, continues to indicate a slight descent. The growth pace was the most rapid in 2018 when the import price increased by 53% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Bahrain ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+3.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform