GCC: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in GCC

In 2022, the GCC market for equipment for scaffolding, shuttering, propping or pit propping decreased by X% to $X, falling for the seventh year in a row after four years of growth. Overall, consumption showed a abrupt decline. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in GCC

In value terms, scaffolding, shuttering, and propping equipment production reached $X in 2022 estimated in export price. In general, production recorded a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in GCC

In 2022, overseas shipments of equipment for scaffolding, shuttering, propping or pit propping increased by X% to X tons, rising for the second year in a row after two years of decline. Total exports indicated temperate growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports reached $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the key exporter of equipment for scaffolding, shuttering, propping or pit propping in GCC, with the volume of exports finishing at X tons, which was near X% of total exports in 2022. Kuwait (X tons) held the second position in the ranking, distantly followed by Saudi Arabia (X tons). All these countries together held approx. X% share of total exports. Oman (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to scaffolding, shuttering, and propping equipment exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait and Saudi Arabia increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest scaffolding, shuttering, and propping equipment supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Saudi Arabia ($X per ton) and the United Arab Emirates ($X per ton), while Kuwait ($X per ton) and Oman ($X per ton) were 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 mixed trends in the export price figures.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in GCC

In 2022, after six years of decline, there was growth in supplies from abroad of equipment for scaffolding, shuttering, propping or pit propping, when their volume increased by X% to X tons. Overall, imports, however, continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports reached $X in 2022. In general, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of equipment for scaffolding, shuttering, propping or pit propping, namely the United Arab Emirates, Saudi Arabia, Kuwait and Qatar, represented more than two-thirds of total import. Oman (X tons) held the next position in the ranking, followed by Bahrain (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Kuwait, Oman and Bahrain lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, increasing by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a 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 Qatar ($X per ton), while Bahrain ($X per ton) 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 mixed trends in the import price figures.

Source: IndexBox Platform

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