GCC: Vacuum Pump Market 2024

Vacuum Pump Market Size in GCC

In 2022, after two years of decline, there was significant growth in the GCC vacuum pump market, when its value increased by 28% to $X. The total consumption indicated a mild expansion from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -25.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Vacuum Pump Production in GCC

In value terms, vacuum pump production rose modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 52%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Vacuum Pump Exports

Exports in GCC

Vacuum pump exports contracted remarkably to X units in 2022, with a decrease of -49.4% compared with the previous year. Overall, exports, however, saw mild growth. The growth pace was the most rapid in 2013 with an increase of 134% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, vacuum pump exports contracted significantly to $X in 2022. Over the period under review, exports, however, enjoyed tangible growth. The growth pace was the most rapid in 2017 with an increase of 136%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X units, which recorded 51% of total exports. It was distantly followed by Oman (X units) and Kuwait (X units), together constituting a 43% share of total exports. Saudi Arabia (X units) and Bahrain (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +10.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest vacuum pump supplier in GCC, comprising 77% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 14% share of total exports. It was followed by Oman, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +10.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+15.6% per year) and Oman (-3.2% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, growing by 45% against the previous year. Over the period under review, the export price continues to indicate perceptible growth. The pace of growth appeared the most rapid in 2017 when the export price increased by 83%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+25.2%), while the other leaders experienced mixed trends in the export price figures.

Vacuum Pump Imports

Imports in GCC

In 2022, supplies from abroad of vacuum pumps was finally on the rise to reach X units after two years of decline. Total imports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -21.4% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 108%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vacuum pump imports surged to $X in 2022. Overall, imports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 with an increase of 55% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importer of vacuum pumps in GCC, with the volume of imports resulting at X units, which was near 53% of total imports in 2022. Saudi Arabia (X units) took a 34% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (5.2%) and Kuwait (5.1%). Bahrain (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kuwait (with a CAGR of +17.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported vacuum pumps in GCC, comprising 61% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total imports. It was followed by Qatar, with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia amounted to -4.5%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.9% per year) and Qatar (-8.2% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with an increase of 24% against the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2020 an increase of 39% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 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 Saudi Arabia ($X per unit), while the United Arab Emirates ($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 (-1.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform