GCC: Escalator Market 2024

Escalator Market Size in GCC

The GCC escalator market contracted rapidly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption showed a noticeable slump. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Escalator Production in GCC

In value terms, escalator production dropped to $X in 2022 estimated in export price. In general, production, however, posted a mild expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Escalator Exports

Exports in GCC

Escalator exports declined dramatically to X units in 2022, waning by X% against the year before. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, escalator exports fell significantly to $X in 2022. Overall, exports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X units, which was near X% of total exports in 2022. Bahrain (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%) and Oman (X%).

The United Arab Emirates was also the fastest-growing in terms of the escalators and moving WalkWays exports, with a CAGR of X% from 2012 to 2022. Kuwait (X%), Bahrain (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait and Oman increased by X, X and X percentage points, respectively.

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

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

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price, however, saw a notable increase. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a 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 ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Escalator Imports

Imports in GCC

In 2022, the amount of escalators and moving WalkWays imported in GCC reduced notably to X units, which is down by X% against the year before. In general, imports showed a significant contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, escalator imports plummeted to $X in 2022. Over the period under review, imports faced a abrupt decline. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of escalators and moving WalkWays, namely the United Arab Emirates, Qatar and Kuwait, represented more than two-thirds of total import. It was distantly followed by Oman (X units), achieving a X% share of total imports. Bahrain (X units) took a minor share of total imports.

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

In value terms, the largest escalator importing markets in GCC were Qatar ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined X% share of total imports. Oman and Bahrain lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Oman, with a CAGR of X%, saw the highest growth rate of 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

The import price in GCC stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Qatar ($X per unit) and Kuwait ($X per unit), while Bahrain ($X per unit) and Oman ($X per unit) were 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 more modest paces of growth.

Source: IndexBox Platform

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