GCC: Market for Snow-Ploughs And Snow-Blowers 2024

Market Size for Snow-Ploughs And Snow-Blowers in GCC

The GCC snow ploughs and blowers market reached $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, continues to indicate a mild shrinkage. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Snow-Ploughs And Snow-Blowers in GCC

In value terms, snow ploughs and blowers production reached $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight contraction. The most prominent rate of growth was recorded in 2013 with an increase of 26%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Snow-Ploughs And Snow-Blowers

Exports in GCC

In 2022, shipments abroad of snow-ploughs and snow-blowers decreased by -7.9% to X units, falling for the second consecutive year after seven years of growth. Over the period under review, exports, however, recorded a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 124%. The volume of export peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, snow ploughs and blowers exports dropped to $X in 2022. In general, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2015 when exports increased by 562% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the two major exporters of snow-ploughs and snow-blowers, namely the United Arab Emirates and Kuwait, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kuwait (with a CAGR of +19.9%).

In value terms, the United Arab Emirates ($X) remains the largest snow ploughs and blowers supplier in GCC, comprising 76% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 24% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled +20.0%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, surging by 1.8% against the previous year. In general, the export price, however, recorded a perceptible contraction. The pace of growth was the most pronounced in 2015 an increase of 468% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per unit), while Kuwait stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+13.2%).

Imports of Snow-Ploughs And Snow-Blowers

Imports in GCC

After three years of decline, supplies from abroad of snow-ploughs and snow-blowers increased by 62% to X units in 2022. Overall, imports, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by 406% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, snow ploughs and blowers imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a sharp setback. The growth pace was the most rapid in 2017 when imports increased by 2,058% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the major importer of snow-ploughs and snow-blowers in GCC, with the volume of imports accounting for X units, which was near 75% of total imports in 2022. It was distantly followed by Kuwait (X units) and Oman (X units), together creating a 22% share of total imports. Bahrain (X units) took a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, Oman (+5.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +5.8% from 2012-2022. By contrast, Kuwait (-4.7%) and Bahrain (-29.1%) illustrated a downward trend over the same period. The United Arab Emirates (+31 p.p.), Oman (+7.5 p.p.) and Kuwait (+2.5 p.p.) significantly strengthened its position in terms of the total imports, while Bahrain saw its share reduced by -41% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported snow-ploughs and snow-blowers in GCC, comprising 83% of total imports. The second position in the ranking was held by Kuwait ($X), with a 3.4% share of total imports. It was followed by Oman, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to -1.9%. In the other countries, the average annual rates were as follows: Kuwait (-2.0% per year) and Oman (-15.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, picking up by 6.4% against the previous year. Overall, the import price, however, showed a significant decline. The pace of growth appeared the most rapid in 2017 an increase of 327%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($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 (+2.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform