GCC: Civil Reaction Engine Market 2024

Civil Reaction Engine Market Size in GCC

In 2022, after three years of growth, there was significant decline in the GCC civil reaction engine market, when its value decreased by X% to $X. Over the period under review, consumption, however, posted resilient growth. As a result, consumption attained the peak level of $X, and then fell rapidly in the following year.

Civil Reaction Engine Production in GCC

In value terms, civil reaction engine production rose rapidly to $X in 2022 estimated in export price. In general, production saw a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Civil Reaction Engine Exports

Exports in GCC

In 2022, civil reaction engine exports in GCC surged to X units, rising by X% on the previous year's figure. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, civil reaction engine exports declined markedly to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kuwait was the largest exporting country with an export of around X units, which accounted for X% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Oman (X%).

Kuwait was also the fastest-growing in terms of the civil reaction engines exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Kuwait (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among 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 2022, the export price in GCC amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. 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.

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

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

Civil Reaction Engine Imports

Imports in GCC

In 2022, after three years of growth, there was significant decline in purchases abroad of civil reaction engines, when their volume decreased by X% to X units. Overall, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2021, and then contracted notably in the following year.

In value terms, civil reaction engine imports shrank significantly to $X in 2022. In general, imports, however, showed a slight expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the key importer of civil reaction engines in GCC, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. Oman (X units) held the second position in the ranking, followed by Qatar (X units). All these countries together took approx. X% share of total imports. Kuwait (X units) and Bahrain (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the civil reaction engines imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) and Qatar (X%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. By contrast, Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported civil reaction engines in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

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

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the import price saw a deep slump. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices remained 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 Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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