GCC: Market for Instrument Panel And Wall Clocks 2024

Market Size for Instrument Panel And Wall Clocks in GCC

The GCC market for instrument panel and wall clocks shrank dramatically to $X in 2020, dropping by X% against the previous year. Overall, consumption, however, continues to indicate a temperate increase. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2020, consumption remained at a lower figure.

Production of Instrument Panel And Wall Clocks in GCC

In value terms, instrument panel and wall clock production contracted remarkably to $X in 2020 estimated in export price. In general, production recorded a dramatic downturn. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Exports of Instrument Panel And Wall Clocks

Exports in GCC

In 2020, after three years of decline, there was significant growth in overseas shipments of instrument panel and wall clocks, when their volume increased by X% to X units. Overall, exports saw a moderate expansion. The volume of export peaked at X units in 2016; however, from 2017 to 2020, the exports failed to regain momentum.

In value terms, instrument panel and wall clock exports rose markedly to $X in 2020. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2020, the exports failed to regain momentum.

Exports by Country

In 2020, Bahrain (X units) was the largest exporter of instrument panel and wall clocks, making up X% of total exports. Oman (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%).

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest instrument panel and wall clock supplying countries in GCC were Bahrain ($X), the United Arab Emirates ($X) and Oman ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2020, the export price in GCC amounted to $X per unit, declining by X% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of export peaked at $X per unit in 2019, and then shrank notably in the following year.

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

From 2012 to 2020, 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 Instrument Panel And Wall Clocks

Imports in GCC

After six years of growth, supplies from abroad of instrument panel and wall clocks decreased by X% to X units in 2020. Overall, imports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then shrank markedly in the following year.

In value terms, instrument panel and wall clock imports reduced markedly to $X in 2020. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Oman represented the major importing country with an import of around X units, which resulted at X% of total imports. Bahrain (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%). Kuwait (X units) took a relatively small share of total imports.

From 2012 to 2020, average annual rates of growth with regard to instrument panel and wall clock imports into Oman stood at X%. At the same time, Saudi Arabia (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2020. By contrast, Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2020, the share of Oman and Saudi Arabia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Oman ($X) constitutes the largest market for imported instrument panel and wall clocks in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Bahrain, with a X% share.

From 2012 to 2020, the average annual rate of growth in terms of value in Oman amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Bahrain (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2020, picking up by X% against the previous year. Import price indicated moderate growth from 2012 to 2020: its price increased at an average annual rate of X% over the last eight-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, instrument panel and wall clock import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, import prices reached the maximum in 2020 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2020, amid the top importers, the country with the highest price was Kuwait ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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