GCC: Transmission Apparatus Market 2024

Transmission Apparatus Exports

Exports in GCC

Transmission apparatus exports amounted to X tons in 2021, picking up by 2.3% against the previous year's figure. In general, exports showed modest growth. The growth pace was the most rapid in 2017 when exports increased by 92%. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, transmission apparatus exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 64%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X tons, which was approx. 87% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons), mixing up a 9.3% share of total exports. Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to transmission apparatus exports from the United Arab Emirates stood at +1.7%. At the same time, Oman (+16.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +16.1% from 2012-2021. By contrast, Saudi Arabia (-1.3%) illustrated a downward trend over the same period. The United Arab Emirates (+4 p.p.) and Oman (+2.9 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by -2.2% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest transmission apparatus supplier in GCC, comprising 79% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 15% share of total exports.

In the United Arab Emirates, transmission apparatus exports remained relatively stable over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+2.6% per year) and Oman (+24.0% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, growing by 28% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 30% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+6.9%), while the other leaders experienced mixed trends in the export price figures.

Transmission Apparatus Imports

Imports in GCC

In 2021, approx. X tons of transmission apparatus incorporating reception apparatus were imported in GCC; with an increase of 31% on 2020 figures. Overall, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, transmission apparatus imports skyrocketed to $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates was the largest importing country with an import of about X tons, which reached 77% of total imports. It was distantly followed by Saudi Arabia (X tons), mixing up a 15% share of total imports. Oman (X tons), Kuwait (X tons) and Qatar (X tons) took a minor share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of transmission apparatus incorporating reception apparatus. At the same time, Oman (+9.3%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +9.3% from 2012-2021. Qatar and Kuwait experienced a relatively flat trend pattern. By contrast, Saudi Arabia (-2.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Oman increased by +2 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported transmission apparatus incorporating reception apparatus in GCC, comprising 76% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a 17% share of total imports. It was followed by Kuwait, with a 2.9% share.

In the United Arab Emirates, transmission apparatus imports increased at an average annual rate of +12.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (+1.6% per year) and Kuwait (+4.1% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, surging by 16% against the previous year. In general, the import price showed buoyant growth. The growth pace was the most rapid in 2014 when the import price increased by 40% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, 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 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 the United Arab Emirates (+12.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform