GCC: Book Folding Machine Market 2024

Book Folding Machine Market Size in GCC

The GCC book folding machine market rose slightly to $X.1B in 2022, increasing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable slump. Over the period under review, the market reached the maximum level at $X.7B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Book Folding Machine Production in GCC

In value terms, book folding machine production rose to $X.2B in 2022 estimated in export price. In general, production, however, continues to indicate a perceptible descent. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X.5B in 2012; however, from 2013 to 2022, production failed to regain momentum.

Book Folding Machine Exports

Exports in GCC

In 2022, shipments abroad of folding machines for books increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports posted a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, book folding machine exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a slight setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Oman (X units), achieving a X% share of total exports. Bahrain (X units) followed a long way behind the leaders.

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

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

From 2012 to 2022, the average annual growth rate 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 Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, shrinking by X% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 a decline in the export price figures.

Book Folding Machine Imports

Imports in GCC

In 2022, overseas purchases of folding machines for books increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, book folding machine imports shrank to $X in 2022. In general, imports, however, showed a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Kuwait dominates imports structure, finishing at X units, which was approx. X% of total imports in 2022. The following importers - Qatar (X units), Bahrain (X units) and the United Arab Emirates (X units) - each finished at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to book folding machine imports into Kuwait stood at X%. Qatar (X%), the United Arab Emirates (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (X p.p.), the United Arab Emirates (X p.p.) and Bahrain (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 unit, dropping by X% against the previous year. Over the period under review, the import price saw a dramatic downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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