GCC: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in GCC

The GCC market for belt type continuous-action elevators and conveyors for goods or materials reduced to $X in 2022, waning by X% against the previous year. In general, consumption, however, showed a buoyant expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in GCC

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials shrank to $X in 2022 estimated in export price. Over the period under review, production, however, showed prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports in GCC

After two years of decline, overseas shipments of belt type continuous-action elevators and conveyors for goods or materials increased by X% to X units in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials expanded modestly to $X in 2022. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of about X units, which reached X% of total exports. It was distantly followed by Bahrain (X units), achieving a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to belt type continuous-action elevator and conveyor exports from the United Arab Emirates stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of Bahrain (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest belt type continuous-action elevator and conveyor supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, showed prominent growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports in GCC

In 2022, supplies from abroad of belt type continuous-action elevators and conveyors for goods or materials decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate mild growth. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports of hit record highs at X units in 2021, and then declined notably in the following year.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials contracted significantly to $X in 2022. Total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Qatar (X units) and Kuwait (X units) were the largest importers of belt type continuous-action elevators and conveyors for goods or materials in GCC, together generating X% of total imports. The United Arab Emirates (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%) and Oman (X%).

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Kuwait ($X) constitutes the largest market for imported belt type continuous-action elevators and conveyors for goods or materials in GCC, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Kuwait totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price continues to indicate a mild increase. The level of import peaked at $X per unit in 2019; however, from 2020 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 Kuwait ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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