GCC: Printing Press Market 2024

Printing Press Market Size in GCC

The GCC printing press market contracted to $X in 2022, dropping by -5.2% against the previous year. Overall, consumption, however, recorded a perceptible contraction. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Printing Press Production in GCC

In value terms, printing press production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a tangible increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by 430% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Printing Press Exports

Exports in GCC

In 2022, approx. X units of printing presses were exported in GCC; increasing by 5.8% on the year before. Over the period under review, exports continue to indicate buoyant growth. The growth pace was the most rapid in 2016 with an increase of 191%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, printing press exports reduced to $X in 2022. In general, exports posted a notable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 104%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X units, which was near 94% of total exports in 2022. Kuwait (X units) and Oman (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the printing presses exports, with a CAGR of +14.3% from 2012 to 2022. At the same time, Kuwait (+12.1%) and Oman (+6.5%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by +10 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest printing press supplier in GCC, comprising 91% of total exports. The second position in the ranking was held by Kuwait ($X), with a 4.8% share of total exports.

In the United Arab Emirates, printing press exports increased at an average annual rate of +5.7% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (+0.5% per year) and Oman (+5.8% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, which is down by -18.1% against the previous year. In general, the export price recorded a drastic downturn. The pace of growth was the most pronounced in 2017 when the export price increased by 103%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, 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 Oman ($X per unit), while the United Arab Emirates ($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 (-0.7%), while the other leaders experienced a decline in the export price figures.

Printing Press Imports

Imports in GCC

Printing press imports expanded remarkably to X units in 2022, picking up by 7.8% on the year before. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2019 with an increase of 280% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, printing press imports expanded to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by 17%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the key importer of printing presses in GCC, with the volume of imports amounting to X units, which was near 59% of total imports in 2022. Qatar (X units) held the second position in the ranking, distantly followed by Bahrain (X units) and Kuwait (X units). All these countries together held approx. 40% share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of printing presses. At the same time, Bahrain (+8.8%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +8.8% from 2012-2022. By contrast, Kuwait (-6.4%) and Qatar (-18.5%) illustrated a downward trend over the same period. The United Arab Emirates (+35 p.p.), Bahrain (+8.6 p.p.) and Kuwait (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by -45.7% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported printing presses in GCC, comprising 50% of total imports. The second position in the ranking was held by Qatar ($X), with a 5.3% share of total imports. It was followed by Kuwait, with a 3.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at -1.7%. In the other countries, the average annual rates were as follows: Qatar (-12.4% per year) and Kuwait (-9.8% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, falling by -2.7% against the previous year. Overall, the import price, however, saw temperate growth. The most prominent rate of growth was recorded in 2020 when the import price increased by 377% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+7.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform