Saudi Arabia: Photo Camera Market 2024

Photo Camera Market Size in Saudi Arabia

The Saudi photo camera market totaled $X in 2022, growing by 7.7% against the previous year. In general, consumption saw a strong increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Photo Camera Production in Saudi Arabia

In value terms, photo camera production stood at $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 160% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Photo Camera Exports

Exports from Saudi Arabia

In 2022, the amount of photographic (other than cinematographic) cameras exported from Saudi Arabia dropped remarkably to X units, waning by -20.9% on the year before. Over the period under review, exports faced a dramatic curtailment. The pace of growth was the most pronounced in 2018 with an increase of 504%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, photo camera exports dropped to $X in 2022. Overall, exports, however, showed a measured expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 866% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for photo camera exports from Saudi Arabia, with a 43% share of total exports. Moreover, photo camera exports to the Netherlands exceeded the volume sent to the second major destination, South Africa (X units), sixfold. The third position in this ranking was taken by the United States (X units), with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands amounted to +43.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+19.6% per year) and the United States (-32.2% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for photographic (other than cinematographic) cameras exports from Saudi Arabia, comprising 47% of total exports. The second position in the ranking was taken by the United States ($X), with a 4.1% share of total exports. It was followed by Finland, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands totaled +46.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-7.4% per year) and Finland (0.0% per year).

Export Prices by Country

The average photo camera export price stood at $X per unit in 2022, growing by 16% against the previous year. Overall, the export price posted significant growth. The growth pace was the most rapid in 2015 when the average export price increased by 1,669%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+47.5%), while the prices for the other major destinations experienced more modest paces of growth.

Photo Camera Imports

Imports into Saudi Arabia

In 2022, approx. X units of photographic (other than cinematographic) cameras were imported into Saudi Arabia; rising by 49% compared with the year before. In general, imports, however, saw a abrupt curtailment. Imports peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, photo camera imports contracted sharply to $X in 2022. Overall, imports, however, recorded a significant curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 615% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), the United States (X units) and China (X units) were the main suppliers of photo camera imports to Saudi Arabia, together accounting for 63% of total imports.

From 2020 to 2022, the biggest increases were recorded for China (with a CAGR of +1,890.0%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of photographic (other than cinematographic) cameras to Saudi Arabia, comprising 42% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports.

From 2020 to 2022, the average annual rate of growth in terms of value from China stood at +390.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-46.0% per year) and Italy (+188.3% per year).

Import Prices by Country

In 2022, the average photo camera import price amounted to $X per unit, which is down by -44.9% against the previous year. Over the period under review, the import price, however, posted significant growth. The pace of growth appeared the most rapid in 2021 an increase of 209%. As a result, import price reached the peak level of $X per unit, and then fell sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+40.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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