GCC: Market for Vacuum Pumps and Air or Gas Compressors 2024

Market Size for Vacuum Pumps and Air or Gas Compressors in GCC

In 2022, the GCC market for vacuum pumps and air or gas compressors decreased by X% to $X, falling for the second year in a row after two years of growth. In general, consumption continues to indicate a pronounced descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Vacuum Pumps and Air or Gas Compressors in GCC

In value terms, production of vacuum pumps and air or gas compressors skyrocketed to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Vacuum Pumps and Air or Gas Compressors

Exports in GCC

In 2022, exports of vacuum pumps and air or gas compressors in GCC soared to X units, picking up by X% on the year before. Overall, exports continue to indicate buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, exports of vacuum pumps and air or gas compressors surged to $X in 2022. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in compressors structure, finishing at X units, which was approx. X% of total exports in 2022. The following exporters - Kuwait (X units), Bahrain (X units) and Saudi Arabia (X units) - together made up X% of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%), Kuwait (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest vacuum pump and air or gas compressor supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, reducing by X% against the previous year. Overall, the export price, however, showed a moderate expansion. The pace of growth was the most pronounced in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, 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 export price figures.

Imports of Vacuum Pumps and Air or Gas Compressors

Imports in GCC

After three years of growth, purchases abroad of vacuum pumps and air or gas compressors decreased by X% to X units in 2022. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by X%. The volume of import peaked at X units in 2021, and then shrank rapidly in the following year.

In value terms, imports of vacuum pumps and air or gas compressors rose rapidly to $X in 2022. Over the period under review, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the main importer of vacuum pumps and air or gas compressors, mixing up X% of total imports. Saudi Arabia (X units) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%). The following importers - Bahrain (X units), Qatar (X units) and Oman (X units) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to vacuum pump and air or gas compressor imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%), Bahrain (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Oman, Bahrain and Saudi Arabia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest vacuum pump and air or gas compressor importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total imports.

Kuwait, 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 a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a perceptible curtailment. Over the period under review, import prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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