GCC: Thermoforming Machine Market 2025

Thermoforming Machine Market Size in GCC

In 2021, the GCC thermoforming machine market increased by 30% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a resilient increase. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Thermoforming Machine Production in GCC

In value terms, thermoforming machine production dropped to $X in 2021 estimated in export price. In general, production continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Thermoforming Machine Exports

Exports in GCC

In 2021, after four years of growth, there was significant decline in shipments abroad of thermoforming machines for working rubber or plastics, when their volume decreased by -38.6% to X units. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,900% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020, and then reduced notably in the following year.

In value terms, thermoforming machine exports dropped markedly to $X in 2021. In general, exports continue to indicate a pronounced descent. The most prominent rate of growth was recorded in 2014 when exports increased by 249%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the major exporter of thermoforming machines for working rubber or plastics in GCC, with the volume of exports reaching X units, which was approx. 79% of total exports in 2021. It was distantly followed by Saudi Arabia (X units), committing a 19% share of total exports. Oman (X units) took a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the thermoforming machines for working rubber or plastics exports, with a CAGR of +34.1% from 2012 to 2021. At the same time, Oman (+26.0%) displayed positive paces of growth. Saudi Arabia experienced a relatively flat trend pattern. Saudi Arabia (+19 p.p.) and Oman (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -21.3% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest thermoforming machine supplier in GCC, comprising 69% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 26% share of total exports.

In the United Arab Emirates, thermoforming machine exports expanded at an average annual rate of +19.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (-14.8% per year) and Oman (+31.9% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, picking up by 36% against the previous year. In general, the export price, however, continues to indicate a sharp downturn. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (-5.1%), while the other leaders experienced a decline in the export price figures.

Thermoforming Machine Imports

Imports in GCC

In 2021, supplies from abroad of thermoforming machines for working rubber or plastics was finally on the rise to reach X units after two years of decline. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 178%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, thermoforming machine imports stood at $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 74%. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the main importing country with an import of about X units, which accounted for 86% of total imports. It was distantly followed by Kuwait (X units), committing a 10% share of total imports. Qatar (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +13.4% from 2012 to 2021. At the same time, Kuwait (+14.0%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +14.0% from 2012-2021. By contrast, Qatar (-12.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates and Kuwait increased by +27 and +3.6 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported thermoforming machines for working rubber or plastics in GCC, comprising 48% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at +10.3%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+15.0% per year) and Qatar (-11.6% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, which is down by -14% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the import price increased by 110%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, 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 Qatar ($X per unit), while the United Arab Emirates ($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 (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform