GCC: Market for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals 2024

Market Size for Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in GCC

The GCC market for fully or partly automatic electric machines for arc welding of metals reached $X in 2023, growing by X% against the previous year. The total consumption indicated noticeable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals in GCC

In value terms, production of fully or partly automatic electric machines for arc welding of metals reached $X in 2023 estimated in export price. Overall, production saw strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Exports in GCC

In 2023, overseas shipments of fully or partly automatic electric machines for arc welding of metals decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2023, the growth of the exports of failed to regain momentum.

In value terms, exports of fully or partly automatic electric machines for arc welding of metals fell modestly to $X in 2023. Overall, exports, however, saw slight growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

In 2023, the United Arab Emirates (X units) represented the main exporter of fully or partly automatic electric machines for arc welding of metals, making up X% of total exports. Bahrain (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%) and Oman (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Bahrain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest fully or partly automatic arc welding machine supplying countries in GCC were the United Arab Emirates ($X), Oman ($X) and Kuwait ($X), together comprising X% of total exports.

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

Export Prices by Country

In 2023, the export price in GCC amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Oman ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals

Imports in GCC

After two years of decline, purchases abroad of fully or partly automatic electric machines for arc welding of metals increased by X% to X units in 2023. Overall, imports, however, recorded a abrupt contraction. Over the period under review, imports of reached the maximum at X units in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of fully or partly automatic electric machines for arc welding of metals surged to $X in 2023. In general, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports of failed to regain momentum.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X units, which accounted for X% of total imports. Qatar (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%).

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. While the share of Qatar (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the largest fully or partly automatic arc welding machine importing markets in GCC were the United Arab Emirates ($X), Qatar ($X) and Bahrain ($X), with a combined X% share of total imports.

Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2023, increasing by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Qatar ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform