GCC: Metal Advertising Sign Market 2024

Metal Advertising Sign Market Size in GCC

The GCC metal advertising sign market rose rapidly to $X in 2020, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2020 and is expected to retain growth in the immediate term.

Metal Advertising Sign Production in GCC

In value terms, metal advertising sign production expanded sharply to $X in 2020 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. The level of production peaked in 2020 and is likely to see steady growth in the immediate term.

Metal Advertising Sign Exports

Exports in GCC

Metal advertising sign exports shrank sharply to X tons in 2020, falling by X% on 2019 figures. In general, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2020, the exports failed to regain momentum.

In value terms, metal advertising sign exports totaled $X in 2020. Over the period under review, exports continue to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2020, the exports failed to regain momentum.

Exports by Country

In 2020, the United Arab Emirates (X tons) represented the largest exporter of metal advertising signs, comprising X% of total exports. Saudi Arabia (X tons) held the second position in the ranking, followed by Oman (X tons). All these countries together held near X% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2020. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2020. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2020, respectively.

In value terms, the United Arab Emirates ($X) remains the largest metal advertising sign supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, metal advertising sign exports remained relatively stable over the period from 2012-2020. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2020, jumping by X% against the previous year. Overall, the export price recorded a resilient expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the peak figure in 2020 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2020, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Metal Advertising Sign Imports

Imports in GCC

Metal advertising sign imports rose markedly to X tons in 2020, increasing by X% compared with the year before. Overall, imports, however, continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, metal advertising sign imports shrank notably to $X in 2020. Over the period under review, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2020, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the major importer of metal advertising signs in GCC, with the volume of imports recording X tons, which was near X% of total imports in 2020. Oman (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%). Bahrain (X tons) and Kuwait (X tons) took a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the metal advertising signs imports, with a CAGR of X% from 2012 to 2020. Bahrain (X%), Kuwait (X%), Oman (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Oman and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2020, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported metal advertising signs in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Oman, with an X% share.

In the United Arab Emirates, metal advertising sign imports expanded at an average annual rate of X% over the period from 2012-2020. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2020, the import price in GCC amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then reduced notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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