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

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

The GCC market for bucket type continuous-action elevators and conveyors for goods or materials rose to $X in 2022, growing by X% against the previous year. Overall, consumption showed strong growth. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials stood at $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in GCC

In 2022, approx. X units of bucket type continuous-action elevators and conveyors for goods or materials were exported in GCC; growing by X% against 2021 figures. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials stood at $X in 2022. Overall, exports, however, continue to indicate a mild decrease. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports of reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the main exporter of bucket type continuous-action elevators and conveyors for goods or materials in GCC, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Bahrain (X units), making up a X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%).

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

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

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price, however, posted strong growth. The pace of growth appeared the most rapid in 2018 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

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 Bahrain (X%).

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

Imports in GCC

In 2022, supplies from abroad of bucket type continuous-action elevators and conveyors for goods or materials increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials skyrocketed to $X in 2022. Over the period under review, imports, however, faced a abrupt contraction. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports of reached the maximum at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Kuwait dominates materials structure, resulting at X units, which was approx. X% of total imports in 2022. It was distantly followed by Qatar (X units), mixing up a X% share of total imports. The following importers - the United Arab Emirates (X units) and Bahrain (X units) - each recorded a X% share of total imports.

Kuwait was also the fastest-growing in terms of the bucket type continuous-action elevators and conveyors for goods or materials imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%), the United Arab Emirates (X%) and Qatar (X%) displayed positive paces of growth. From 2012 to 2022, the share of Kuwait increased by X percentage points.

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

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

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, which is down by X% against the previous year. Overall, the import price recorded a dramatic curtailment. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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