GCC: Steam Blasting Machine Market 2024

Steam Blasting Machine Market Size in GCC

The GCC steam blasting machine market reduced to $X in 2021, dropping by -11.2% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Steam Blasting Machine Production in GCC

In value terms, steam blasting machine production contracted to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 97%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Steam Blasting Machine Exports

Exports in GCC

Steam blasting machine exports surged to X units in 2021, growing by 185% against 2020 figures. In general, exports, however, recorded a mild contraction. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, steam blasting machine exports surged to $X in 2021. Overall, exports, however, continue to indicate a mild descent. The pace of growth appeared the most rapid in 2014 with an increase of 150% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the major exporter of steam or sand blasting machines and similar jet-projecting machines in GCC, with the volume of exports reaching X units, which was approx. 81% of total exports in 2021. It was distantly followed by Oman (X units), constituting a 17% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -2.8% from 2012 to 2021. At the same time, Oman (+55.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +55.2% from 2012-2021. While the share of Oman (+17 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-14.5 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest steam blasting machine supplier in GCC, comprising 89% of total exports. The second position in the ranking was taken by Oman ($X), with a 5% share of total exports.

In the United Arab Emirates, steam blasting machine exports contracted by an average annual rate of -1.1% over the period from 2012-2021.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, reducing by -35.7% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 104%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.8%).

Steam Blasting Machine Imports

Imports in GCC

In 2021, approx. X units of steam or sand blasting machines and similar jet-projecting machines were imported in GCC; remaining constant against 2020. In general, imports, however, showed a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by 260% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, steam blasting machine imports totaled $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 with an increase of 67%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Qatar (X units) was the major importer of steam or sand blasting machines and similar jet-projecting machines, committing 76% of total imports. It was distantly followed by the United Arab Emirates (X units), making up a 20% share of total imports. The following importers - Kuwait (X units) and Oman (X units) - each resulted at a 3.3% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to steam blasting machine imports into Qatar stood at +9.1%. At the same time, Oman (+13.1%) and the United Arab Emirates (+2.8%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +13.1% from 2012-2021. By contrast, Kuwait (-1.1%) illustrated a downward trend over the same period. Qatar (+11 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and the United Arab Emirates saw its share reduced by -1.9% and -9.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported steam or sand blasting machines and similar jet-projecting machines in GCC, comprising 29% of total imports. The second position in the ranking was held by Qatar ($X), with a 12% share of total imports. It was followed by Kuwait, with an 8.3% share.

In the United Arab Emirates, steam blasting machine imports declined by an average annual rate of -3.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Qatar (+7.5% per year) and Kuwait (+6.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, with an increase of 4.8% against the previous year. In general, the import price, however, continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 an increase of 78% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per unit), while Qatar ($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 (+7.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform