We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Report GCC - Tankers - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Jan 1, 2025

GCC - Tankers - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

GCC: Tanker Market 2025

Tanker Market Size in GCC

In 2021, the GCC tanker market decreased by -1.7% to $X, falling for the second year in a row after two years of growth. Overall, consumption continues to indicate a resilient increase. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Tanker Production in GCC

In value terms, tanker production shrank to $X in 2021 estimated in export price. Over the period under review, production saw a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of 160% against the previous year. The level of production peaked at $X in 2020, and then fell in the following year.

Tanker Exports

Exports in GCC

In 2021, after two years of growth, there was significant decline in shipments abroad of tankers, when their volume decreased by -16.7% to X units. In general, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2017 when exports increased by 600%. Over the period under review, the exports attained the maximum at X units in 2020, and then contracted notably in the following year.

In value terms, tanker exports soared to $X in 2021. Overall, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 240% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, increasing by 50% against the previous year. In general, the export price continues to indicate strong growth. The growth pace was the most rapid in 2018 an increase of 283% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+32.9%).

Tanker Imports

Imports in GCC

In 2021, tanker imports in GCC contracted dramatically to X units, shrinking by -70.6% compared with 2020. Over the period under review, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 286%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, tanker imports declined dramatically to $X in 2021. Overall, imports continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 with an increase of 23%. The level of import peaked at $X in 2020, and then declined remarkably in the following year.

Imports by Country

In 2021, Kuwait (X units) represented the major importer of tankers, making up 80% of total imports. It was distantly followed by the United Arab Emirates (X units), mixing up a 20% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to tanker imports into Kuwait stood at -2.4%. The United Arab Emirates experienced a relatively flat trend pattern. Kuwait (+42 p.p.) and the United Arab Emirates (+12 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported tankers in GCC, comprising 57% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 24% share of total imports.

In Kuwait, tanker imports shrank by an average annual rate of -6.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, increasing by 39% against the previous year. Over the period under review, the import price enjoyed a strong increase. The pace of growth was the most pronounced in 2017 an increase of 385% against the previous year. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 the United Arab Emirates ($X per unit), while Kuwait 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 (+1.0%).

Source: IndexBox Platform

This report provides an in-depth analysis of the tanker market in GCC. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 30112210 - Crude oil tankers
  • Prodcom 30112230 - Oil product tankers
  • Prodcom 30112250 - Chemical tankers
  • Prodcom 30112270 - Gas carriers

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in GCC, split by region and country
  • Trade (exports and imports) in GCC
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2024
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2024
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Bahrain
    • Kuwait
    • Oman
    • Qatar
    • Saudi Arabia
    • United Arab Emirates

  12. LIST OF TABLES

    1. Key Findings In 2024
    2. Market Volume, In Physical Terms, 2012–2024
    3. Market Value, 2012–2024
    4. Per Capita Consumption, By Country, 2018–2024
    5. Production, In Physical Terms, By Country, 2012–2024
    6. Imports, In Physical Terms, By Country, 2012–2024
    7. Imports, In Value Terms, By Country, 2012–2024
    8. Import Prices, By Country Of Destination, 2012–2024
    9. Exports, In Physical Terms, By Country, 2012–2024
    10. Exports, In Value Terms, By Country, 2012–2024
    11. Export Prices, By Country Of Origin, 2012–2024

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2024
    2. Market Value, 2012–2024
    3. Consumption, By Country, 2024
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2024
    18. Production, In Value Terms, 2012–2024
    19. Production, By Country, 2024
    20. Production, In Physical Terms, By Country, 2012–2024
    21. Imports, In Physical Terms, 2012–2024
    22. Imports, In Value Terms, 2012–2024
    23. Imports, In Physical Terms, By Country, 2024
    24. Imports, In Physical Terms, By Country, 2012–2024
    25. Imports, In Value Terms, By Country, 2012–2024
    26. Import Prices, By Country, 2012–2024
    27. Exports, In Physical Terms, 2012–2024
    28. Exports, In Value Terms, 2012–2024
    29. Exports, In Physical Terms, By Country, 2024
    30. Exports, In Physical Terms, By Country, 2012–2024
    31. Exports, In Value Terms, By Country, 2012–2024
    32. Export Prices, 2012–2024

Recommended reports

Asia - Tankers - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 314

This report provides an in-depth analysis of the tanker market in Asia.

World - Tankers - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 685

This report provides an in-depth analysis of the global tanker market.

EU - Tankers - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 378

This report provides an in-depth analysis of the tanker market in the EU.

U.S. - Tankers - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 325

This report provides an in-depth analysis of the tanker market in the U.S..

China - Tankers - Market Analysis, Forecast, Size, Trends and Insights
$599
Jan 1, 2025
Eye 320

This report provides an in-depth analysis of the tanker market in China.

Free Data: Tankers - GCC
Table
Tankers - GCC - Table
Dashboard
Tankers - GCC - Dashboard
Report
Tankers - GCC - Report