GCC: Pump For Liquid Market 2024

Pump For Liquid Market Size in GCC

The GCC pump for liquid market rose remarkably to $X in 2021, growing by 15% against the previous year. In general, consumption continues to indicate a resilient increase. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Pump For Liquid Production in GCC

In value terms, pump for liquid production amounted to $X in 2021 estimated in export price. In general, production saw a prominent expansion. The growth pace was the most rapid in 2019 when the production volume increased by 63%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Pump For Liquid Exports

Exports in GCC

In 2021, shipments abroad of pumps for liquids and liquid elevators increased by 9.6% to X units, rising for the second year in a row after two years of decline. In general, exports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2017 when exports increased by 75%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, pump for liquid exports expanded rapidly to $X in 2021. Overall, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2017 when exports increased by 68%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of around X units, which reached 86% of total exports. It was distantly followed by Saudi Arabia (X units), generating an 11% share of total exports. Oman (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +2.4% from 2012 to 2021. At the same time, Oman (+24.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +24.0% from 2012-2021. By contrast, Saudi Arabia (-15.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+27 p.p.) and Oman (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Saudi Arabia (-29.8 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest pump for liquid supplier in GCC, comprising 80% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +9.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-1.0% per year) and Oman (+12.1% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, increasing by 2.1% against the previous year. In general, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2018 an increase of 24%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+16.9%), while the other leaders experienced mixed trends in the export price figures.

Pump For Liquid Imports

Imports in GCC

For the third year in a row, GCC recorded growth in purchases abroad of pumps for liquids and liquid elevators, which increased by 24% to X units in 2021. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 when imports increased by 64%. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, pump for liquid imports soared to $X in 2021. Overall, imports, however, continue to indicate a slight decline. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X units, which recorded 70% of total imports. Saudi Arabia (X units) ranks second in terms of the total imports with an 18% share, followed by Oman (9.4%). Kuwait (X units) took a little share of total imports.

From 2012 to 2021, average annual rates of growth with regard to pump for liquid imports into the United Arab Emirates stood at +10.7%. At the same time, Saudi Arabia (+18.5%), Oman (+8.7%) and Kuwait (+4.4%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in GCC, with a CAGR of +18.5% from 2012-2021. From 2012 to 2021, the share of Saudi Arabia increased by +8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pump for liquid importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), together comprising 81% of total imports.

Among the main importing countries, Oman, with a CAGR of +1.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, reducing by -6% against the previous year. Overall, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (-5.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform