Saudi Arabia: Market for Instrument Panel And Wall Clocks 2022

Market Size for Instrument Panel And Wall Clocks in Saudi Arabia

The Saudi market for instrument panel and wall clocks skyrocketed to $X in 2020, jumping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2020, consumption failed to regain the momentum.

Exports of Instrument Panel And Wall Clocks

Exports from Saudi Arabia

In 2020, approx. X kg of instrument panel and wall clocks were exported from Saudi Arabia; with a decrease of -X% on the year before. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. As a result, exports reached the peak of X kg. from 2012 to 2020, the growth exports remained at a somewhat lower figure.

In value terms, instrument panel and wall clock exports shrank markedly to $X in 2020. Overall, exports showed a abrupt decrease. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. As a result, exports reached the peak of $X. from 2012 to 2020, the growth exports remained at a lower figure.

Exports by Country

Thailand (X tons), Switzerland (X tons) and Hong Kong SAR (X tons) were the main destinations of instrument panel and wall clock exports from Saudi Arabia.

From 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt, while exports for the other leaders experienced more modest paces of growth.

In value terms, Switzerland ($X), Hong Kong SAR ($X) and Egypt ($X) appeared to be the largest markets for instrument panel and wall clock exported from Saudi Arabia worldwide.

Egypt (+X% per year) saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for instrument panel and wall clocks amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price, however, showed a moderate increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% year-to-year. Over the period under review, average export prices hit record highs at $X per ton in 2019, and then declined markedly in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (+X% per year), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Instrument Panel And Wall Clocks

Imports into Saudi Arabia

In 2020, imports of instrument panel and wall clocks into Saudi Arabia soared to X tons, increasing by X% on the year before. In general, imports saw a resilient increase. The most prominent rate of growth was recorded in 2016 when imports increased by X% year-to-year. Imports peaked in 2020 and are expected to retain growth in the near future.

In value terms, instrument panel and wall clock imports skyrocketed to $X in 2020. Overall, imports posted a pronounced increase. The growth pace was the most rapid in 2016 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. from 2017 to 2020, the growth imports remained at a lower figure.

Imports by Country

In 2020, China (X tons) was the main instrument panel and wall clock supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, instrument panel and wall clock imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), more than tenfold.

From 2007 to 2020, the average annual growth rate of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Belarus (+X% per year).

In value terms, China ($X) constituted the largest supplier of instrument panel and wall clock to Saudi Arabia, comprising X% of total imports. The second position in the ranking was occupied by India ($X), with a X% share of total imports.

From 2007 to 2020, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+X% per year) and Belarus (+X% per year).

Import Prices by Country

In 2020, the average import price for instrument panel and wall clocks amounted to $X per ton, shrinking by -X% against the previous year. In general, the import price continues to indicate a abrupt curtailment. The growth pace was the most rapid in 2009 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2020, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was China ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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