GCC: Liquid Dispensing Pump Market 2024

Liquid Dispensing Pump Market Size in GCC

The GCC liquid dispensing pump market soared to $X in 2021, increasing by 39% against the previous year. Over the period under review, consumption, however, recorded a notable expansion. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market failed to regain momentum.

Liquid Dispensing Pump Production in GCC

In value terms, liquid dispensing pump production reached $X in 2021 estimated in export price. Overall, production showed a pronounced setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Liquid Dispensing Pump Exports

Exports in GCC

Liquid dispensing pump exports stood at X units in 2021, growing by 6.4% on the previous year. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 337% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, liquid dispensing pump exports reduced modestly to $X in 2021. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2013 when exports increased by 249% against the previous year. Over the period under review, the exports reached the maximum at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporter of pumps for dispensing liquids in GCC, with the volume of exports accounting for X units, which was approx. 82% of total exports in 2021. It was distantly followed by Saudi Arabia (X units), generating a 15% share of total exports. Oman (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to liquid dispensing pump exports from the United Arab Emirates stood at +21.0%. At the same time, Saudi Arabia (+34.0%) and Oman (+21.0%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +34.0% from 2012-2021. From 2012 to 2021, the share of Saudi Arabia increased by +8.4 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest liquid dispensing pump supplier in GCC, comprising 84% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +21.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+22.7% per year) and Oman (+11.6% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, dropping by -10.5% against the previous year. Over the period under review, the export price recorded a mild downturn. The growth pace was the most rapid in 2014 an increase of 60% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Oman ($X per unit), while Saudi Arabia ($X per unit) 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 (+0.3%), while the other leaders experienced a decline in the export price figures.

Liquid Dispensing Pump Imports

Imports in GCC

For the third year in a row, GCC recorded growth in supplies from abroad of pumps for dispensing liquids, which increased by 3.4% to X units in 2021. Overall, imports, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2017 with an increase of 63%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, liquid dispensing pump imports expanded rapidly to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 41%. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Oman (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) represented roughly 99% of total imports in 2021.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +13.5%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported pumps for dispensing liquids in GCC, comprising 76% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Saudi Arabia stood at +5.6%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+1.3% per year) and Oman (-3.2% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, with an increase of 8.8% against the previous year. Import price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, liquid dispensing pump import price increased by +27.2% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 124% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while Oman ($X per unit) 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 (+0.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform