GCC: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Exports

Exports in GCC

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops exported in GCC plummeted to X kg, which is down by -34.8% on the year before. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2016 when exports increased by 499% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, walking-sticks and whips exports shrank markedly to $X in 2021. Over the period under review, exports recorded a pronounced setback. The most prominent rate of growth was recorded in 2016 with an increase of 284%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of about X kg, which recorded 45% of total exports. Saudi Arabia (X kg) ranks second in terms of the total exports with a 22% share, followed by Oman (19%) and Kuwait (10%). Bahrain (X kg) took a minor share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -15.6% from 2012 to 2021. At the same time, Bahrain (+43.6%), Oman (+8.6%) and Kuwait (+7.0%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +43.6% from 2012-2021. By contrast, Saudi Arabia (-18.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Oman, Kuwait and Bahrain increased by +17, +8.8 and +2.9 percentage points, respectively.

In value terms, the largest walking-sticks and whips supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), with a combined 95% share of total exports. These countries were followed by Kuwait and Bahrain, which together accounted for a further 4.7%.

Bahrain, with a CAGR of +25.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, picking up by 11% against the previous year. In general, the export price showed a resilient expansion. The most prominent rate of growth was recorded in 2017 an increase of 94%. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+18.6%), while the other leaders experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports in GCC

In 2021, imports of walking-sticks, seat-sticks, whips and riding-crops in GCC surged to X tons, rising by 92% against 2020 figures. In general, imports, however, recorded a abrupt setback. Over the period under review, imports reached the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a perceptible curtailment. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importer of walking-sticks, seat-sticks, whips and riding-crops in GCC, with the volume of imports accounting for X tons, which was approx. 61% of total imports in 2021. Kuwait (X tons) ranks second in terms of the total imports with a 19% share, followed by Qatar (15%). Oman (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to walking-sticks and whips imports into the United Arab Emirates stood at +2.1%. At the same time, Qatar (+15.1%) and Kuwait (+12.8%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +15.1% from 2012-2021. By contrast, Oman (-4.7%) illustrated a downward trend over the same period. The United Arab Emirates (+36 p.p.), Kuwait (+16 p.p.) and Qatar (+13 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, the United Arab Emirates ($X) constitutes the largest market for imported walking-sticks, seat-sticks, whips and riding-crops in GCC, comprising 64% of total imports. The second position in the ranking was held by Kuwait ($X), with a 19% share of total imports. It was followed by Qatar, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates amounted to +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+12.6% per year) and Qatar (+21.2% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per ton, shrinking by -7.6% against the previous year. Over the period under review, the import price, however, recorded buoyant growth. The growth pace was the most rapid in 2015 when the import price increased by 91% against the previous year. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Oman ($X per ton), while Qatar ($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 (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform