GCC: Flexographic Printing Machinery Market 2024

Flexographic Printing Machinery Market Size in GCC

The GCC flexographic printing machinery market skyrocketed to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption showed a prominent expansion. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Flexographic Printing Machinery Production in GCC

In value terms, flexographic printing machinery production declined remarkably to $X in 2022 estimated in export price. In general, production, however, showed a significant increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Flexographic Printing Machinery Exports

Exports in GCC

In 2022, the amount of flexographic printing machinery exported in GCC reduced to X units, with a decrease of X% against the previous year. Over the period under review, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, flexographic printing machinery exports reduced sharply to $X in 2022. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, reaching X units, which was approx. X% of total exports in 2022. It was distantly followed by Kuwait (X units), committing an X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (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. Kuwait (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 ($X) remains the largest flexographic printing machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, flexographic printing machinery exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2013 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 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 Kuwait ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%).

Flexographic Printing Machinery Imports

Imports in GCC

In 2022, approx. X units of flexographic printing machinery were imported in GCC; picking up by X% on 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X units in 2012; afterwards, it flattened through to 2022.

In value terms, flexographic printing machinery imports rose markedly to $X in 2022. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Kuwait prevails in imports structure, resulting at X units, which was approx. X% of total imports in 2022. The United Arab Emirates (X units) held the second position in the ranking, followed by Qatar (X units). All these countries together held near X% share of total imports. The following importers - Oman (X units) and Bahrain (X units) - together made up X% of total imports.

Kuwait was also the fastest-growing in terms of the flexographic printing machinery imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) and Bahrain (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.), Oman (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported flexographic printing machinery in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($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 was relatively modest. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, waning by X% against the previous year. Overall, the import price, however, saw a resilient increase. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Kuwait ($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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :