GCC: Teleferics And Chair-Lifts Market 2025

Teleferics And Chair-Lifts Market Size in GCC

After three years of growth, the GCC teleferics and chair-lifts market decreased by -56.2% to $X in 2022. Overall, consumption, however, posted a mild expansion. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Teleferics And Chair-Lifts Production in GCC

In value terms, teleferics and chair-lifts production dropped sharply to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the production volume increased by 219%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Teleferics And Chair-Lifts Exports

Exports in GCC

In 2022, overseas shipments of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars decreased by 0% to X units, falling for the second year in a row after two years of decline. Overall, exports saw a relatively flat trend pattern. The smallest decline of -50% was in 2019. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, teleferics and chair-lifts exports surged to $X in 2022. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 380%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) was the major exporter of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars in GCC, mixing up 100% of total export.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars. From 2013 to 2022, the share of the United Arab Emirates increased by +99 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest teleferics and chair-lifts supplier in GCC.

In the United Arab Emirates, teleferics and chair-lifts exports expanded at an average annual rate of +11.0% over the period from 2013-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, approximately mirroring the previous year. In general, the export price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 an increase of 147% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.5% per year.

Teleferics And Chair-Lifts Imports

Imports in GCC

In 2022, the amount of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars imported in GCC shrank rapidly to X units, reducing by -88.9% on 2021. Overall, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 550% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, teleferics and chair-lifts imports shrank dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by 185%. Over the period under review, imports hit record highs at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

In 2022, Qatar (X units) and Saudi Arabia (X units) were the major importers of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars in GCC, together committing 85% of total imports. It was distantly followed by the United Arab Emirates (X units), generating a 15% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +9.6%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest teleferics and chair-lifts importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together comprising 93% of total imports.

Among the main importing countries, Saudi Arabia, with a CAGR of +37.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, jumping by 513% against the previous year. In general, the import price posted a significant expansion. The most prominent rate of growth was recorded in 2014 an increase of 1,096%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+33.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform