Saudi Arabia: Market for Mechanical Appliances For Projecting, Dispersing Or Spraying 2024

Market Size for Mechanical Appliances For Projecting, Dispersing Or Spraying in Saudi Arabia

The Saudi market for mechanical appliances for projecting, dispersing or spraying rose to $X in 2022, picking up by 4% against the previous year. Overall, consumption enjoyed a strong increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Mechanical Appliances For Projecting, Dispersing Or Spraying in Saudi Arabia

In value terms, production of mechanical appliances for projecting, dispersing or spraying totaled $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2016 with an increase of 157% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Exports from Saudi Arabia

After three years of decline, overseas shipments of mechanical appliances for projecting, dispersing or spraying increased by 3.5% to X units in 2022. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2015 when exports increased by 277%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of mechanical appliances for projecting, dispersing or spraying soared to $X in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 629% against the previous year. Over the period under review, the exports of hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Bahrain (X units), Kuwait (X units) and the United Arab Emirates (X units) were the main destinations of exports of mechanical appliances for projecting, dispersing or spraying from Saudi Arabia, with a combined 4.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +264.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X) emerged as the key foreign market for mechanical appliances for projecting, dispersing or spraying exports from Saudi Arabia, comprising 8% of total exports. The second position in the ranking was held by Kuwait ($X), with a 3.6% share of total exports. It was followed by Algeria, with a 3.1% share.

From 2012 to 2021, the average annual growth rate of value to Bahrain totaled +149.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+64.1% per year) and Algeria (+41.0% per year).

Export Prices by Country

In 2021, the average export price for mechanical appliances for projecting, dispersing or spraying amounted to $X per unit, with a decrease of -56% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 93%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Algeria ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+70.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Appliances For Projecting, Dispersing Or Spraying

Imports into Saudi Arabia

In 2022, after two years of decline, there was decline in supplies from abroad of mechanical appliances for projecting, dispersing or spraying, when their volume decreased by 0% to less than X units. In general, imports showed a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of mechanical appliances for projecting, dispersing or spraying reduced to $X in 2022. Overall, imports continue to indicate a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of 176% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

The United States (X units), China (X units) and South Korea (X units) were the main suppliers of imports of mechanical appliances for projecting, dispersing or spraying to Saudi Arabia, together comprising 38% of total imports.

From 2019 to 2021, the biggest increases were recorded for the United States (with a CAGR of +49,209.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest mechanical appliances for projecting, dispersing or spraying suppliers to Saudi Arabia were the United States ($X), China ($X) and South Korea ($X), with a combined 72% share of total imports.

Among the main suppliers, China, with a CAGR of +12.7%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for mechanical appliances for projecting, dispersing or spraying stood at less than $X per unit in 2021, standing approx. at the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 a decrease of 99.9% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from India ($X per unit) and the United States ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-28.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :