GCC: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in GCC

The GCC market for spray guns and similar appliances expanded slightly to $X in 2022, with an increase of 3.9% against the previous year. Over the period under review, consumption recorded a measured expansion. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Spray Guns And Similar Appliances in GCC

In value terms, spray guns and similar appliances production totaled $X in 2022 estimated in export price. In general, production enjoyed pronounced growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 80%. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Spray Guns And Similar Appliances

Exports in GCC

In 2022, approx. X units of spray guns and similar appliances were exported in GCC; dropping by -17.1% on the previous year's figure. Over the period under review, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 58%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, spray guns and similar appliances exports rose slightly to $X in 2022. Total exports indicated a modest expansion from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -40.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 84% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X units, which was near 79% of total exports in 2022. It was distantly followed by Saudi Arabia (X units), Oman (X units) and Bahrain (X units), together generating a 21% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -10.6% from 2012 to 2022. At the same time, Saudi Arabia (+18.4%) and Oman (+18.2%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +18.4% from 2012-2022. Bahrain experienced a relatively flat trend pattern. Saudi Arabia (+8.1 p.p.), Oman (+6 p.p.) and Bahrain (+3.4 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -17.6% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest spray guns and similar appliances supplier in GCC, comprising 72% of total exports. The second position in the ranking was taken by Oman ($X), with a 12% share of total exports. It was followed by Saudi Arabia, with a 9% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Oman (+20.2% per year) and Saudi Arabia (-0.1% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, increasing by 26% against the previous year. Overall, the export price recorded a resilient expansion. The growth pace was the most rapid in 2015 an increase of 81% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 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 the United Arab Emirates (+12.6%), while the other leaders experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports in GCC

For the third year in a row, GCC recorded growth in overseas purchases of spray guns and similar appliances, which increased by 4.5% to X units in 2022. Overall, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2017 when imports increased by 45% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, spray guns and similar appliances imports rose slightly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 43%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X units, which amounted to 66% of total imports. It was distantly followed by Oman (X units) and Kuwait (X units), together comprising a 30% share of total imports. Bahrain (X units) held a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the spray guns and similar appliances imports, with a CAGR of +14.1% from 2012 to 2022. At the same time, Kuwait (+12.0%), Bahrain (+5.5%) and Oman (+2.4%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates and Kuwait increased by +23 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported spray guns and similar appliances in GCC, comprising 53% of total imports. The second position in the ranking was taken by Kuwait ($X), with an 8.5% share of total imports. It was followed by Oman, with a 7.2% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +3.7%. In the other countries, the average annual rates were as follows: Kuwait (+11.1% per year) and Oman (+1.0% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a abrupt descent. The growth pace was the most rapid in 2019 when the import price increased by 20%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, 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 ($X per unit), while Oman ($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 (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform