GCC: Market for Tailor Dummies And Automata 2024

Market Size for Tailor Dummies And Automata in GCC

In 2021, after three years of decline, there was significant growth in the GCC tailor dummies and automata market, when its value increased by 42% to $X. Over the period under review, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Tailor Dummies And Automata in GCC

In value terms, tailor dummies and automata production soared to $X in 2021 estimated in export price. Over the period under review, production posted perceptible growth. The pace of growth appeared the most rapid in 2016 with an increase of 190% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Tailor Dummies And Automata

Exports in GCC

In 2021, exports of tailor dummies and automata in GCC skyrocketed to X tons, increasing by 47% against the previous year. In general, exports, however, showed a drastic downturn. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tailor dummies and automata exports surged to $X in 2021. Over the period under review, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 365%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X tons, which was near 80% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons), creating an 8% share of total exports. Bahrain (X tons), Qatar (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to tailor dummies and automata exports from the United Arab Emirates stood at -11.2%. At the same time, Kuwait (+3.4%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of +3.4% from 2012-2021. By contrast, Saudi Arabia (-6.2%), Bahrain (-10.6%) and Qatar (-23.2%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+4.5 p.p.) and Saudi Arabia (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Qatar (-10.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest tailor dummies and automata supplier in GCC, comprising 66% of total exports. The second position in the ranking was held by Bahrain ($X), with a 14% share of total exports. It was followed by Saudi Arabia, with an 8.2% share.

In the United Arab Emirates, tailor dummies and automata exports contracted by an average annual rate of -3.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (-4.9% per year) and Saudi Arabia (-2.6% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2021, rising by 39% against the previous year. Overall, the export price posted resilient growth. The growth pace was the most rapid in 2018 an increase of 429%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

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 Bahrain ($X per ton), while the United Arab Emirates ($X per ton) 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 (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Tailor Dummies And Automata

Imports in GCC

In 2021, after three years of decline, there was significant growth in purchases abroad of tailor dummies and automata, when their volume increased by 43% to X tons. Overall, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2017 when imports increased by 71% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, tailor dummies and automata imports skyrocketed to $X in 2021. In general, imports, however, showed a abrupt curtailment. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X tons, which finished at 67% of total imports. Qatar (X tons) took the second position in the ranking, followed by Oman (X tons) and Kuwait (X tons). All these countries together took near 31% share of total imports. Bahrain (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of -7.6% from 2012 to 2021. Qatar experienced a relatively flat trend pattern. Oman (-2.7%), Kuwait (-13.3%) and Bahrain (-17.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Qatar and Oman increased by +18, +8.1 and +5.7 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported tailor dummies and automata in GCC, comprising 73% of total imports. The second position in the ranking was taken by Qatar ($X), with an 11% share of total imports. It was followed by Kuwait, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at -2.1%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-3.3% per year) and Kuwait (-6.6% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, rising by 18% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, tailor dummies and automata import price increased by +51.3% against 2019 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a somewhat 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 Kuwait ($X per ton), while Oman ($X per ton) 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 more modest paces of growth.

Source: IndexBox Platform