GCC: Non-Electric Pulley Tackle Market 2025

Non-Electric Pulley Tackle Market Size in GCC

The GCC non-electric pulley tackle market fell to $X in 2022, reducing by -2.5% against the previous year. In general, consumption, however, recorded a resilient increase. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Non-Electric Pulley Tackle Production in GCC

In value terms, non-electric pulley tackle production declined modestly to $X in 2022 estimated in export price. Overall, production, however, showed a prominent increase. The growth pace was the most rapid in 2019 when the production volume increased by 70% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Non-Electric Pulley Tackle Exports

Exports in GCC

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor exported in GCC dropped notably to X units, declining by -31.8% on 2021 figures. In general, exports saw a perceptible downturn. The growth pace was the most rapid in 2016 with an increase of 265% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric pulley tackle exports reduced remarkably to $X in 2022. Overall, exports, however, recorded strong growth. The growth pace was the most rapid in 2013 when exports increased by 190%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X units, which was near 80% of total exports in 2022. It was distantly followed by Oman (X units) and Bahrain (X units), together constituting a 13% share of total exports. Saudi Arabia (X units) and Kuwait (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of -6.3% from 2012 to 2022. At the same time, Saudi Arabia (+33.1%), Oman (+29.8%), Kuwait (+24.1%) and Bahrain (+1.3%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +33.1% from 2012-2022. From 2012 to 2022, the share of Oman, Saudi Arabia, Kuwait and Bahrain increased by +6.8, +3.9, +2.8 and +2.7 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest non-electric pulley tackle supplier in GCC, comprising 70% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with an 11% share of total exports. It was followed by Oman, with a 10% share.

In the United Arab Emirates, non-electric pulley tackle exports increased at an average annual rate of +6.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (+40.3% per year) and Oman (+25.3% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, which is down by -3.2% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2015 an increase of 88%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+40.8%), while the other leaders experienced more modest paces of growth.

Non-Electric Pulley Tackle Imports

Imports in GCC

In 2022, imports of pulley tackle and hoists, non-powered by electric motor in GCC fell to X units, with a decrease of -4.1% compared with the year before. In general, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 84%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, non-electric pulley tackle imports declined notably to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 31%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importer of pulley tackle and hoists, non-powered by electric motor in GCC, with the volume of imports reaching X units, which was approx. 74% of total imports in 2022. It was distantly followed by Kuwait (X units), generating a 17% share of total imports. The following importers - Oman (X units), Bahrain (X units) and Qatar (X units) - together made up 9.9% of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of pulley tackle and hoists, non-powered by electric motor. At the same time, Qatar (+28.3%), Oman (+12.5%) and Kuwait (+12.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +28.3% from 2012-2022. By contrast, Bahrain (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, Qatar and Oman increased by +11, +2.6 and +2.4 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pulley tackle and hoists, non-powered by electric motor in GCC, comprising 64% of total imports. The second position in the ranking was held by Kuwait ($X), with a 14% share of total imports. It was followed by Oman, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled -4.4%. In the other countries, the average annual rates were as follows: Kuwait (+13.1% per year) and Oman (+6.7% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, dropping by -32.6% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 an increase of 90% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, 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 Qatar ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform