GCC: Gear Cutting Machine Market 2024

Gear Cutting Machine Market Size in GCC

The GCC gear cutting machine market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption continues to indicate a pronounced shrinkage. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Gear Cutting Machine Production in GCC

In value terms, gear cutting machine production declined dramatically to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong expansion. The pace of growth was the most pronounced 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.

Gear Cutting Machine Exports

Exports in GCC

In 2022, after two years of growth, there was significant decline in shipments abroad of gear cutting, gear grinding or gear finishing machines, when their volume decreased by X% to X units. Over the period under review, exports recorded a pronounced shrinkage. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, gear cutting machine exports plummeted to $X in 2022. In general, exports, however, posted a temperate expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) was the main exporter of gear cutting, gear grinding or gear finishing machines, mixing up X% of total exports. Bahrain (X units) took the second position in the ranking, followed by Oman (X units). All these countries together held near X% share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of gear cutting, gear grinding or gear finishing machines. At the same time, Bahrain (X%) and Oman (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.), Bahrain (X p.p.) and Oman (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, gear cutting machine exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: 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, jumping by X% against the previous year. Overall, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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 the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Gear Cutting Machine Imports

Imports in GCC

In 2022, after two years of growth, there was significant decline in supplies from abroad of gear cutting, gear grinding or gear finishing machines, when their volume decreased by X% to X units. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, gear cutting machine imports dropped sharply to $X in 2022. Overall, imports continue to indicate a sharp descent. The growth pace was the most rapid in 2017 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

Kuwait represented the major importer of gear cutting, gear grinding or gear finishing machines in GCC, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Bahrain (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%). Oman (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to gear cutting machine imports into Kuwait stood at X%. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. Bahrain experienced a relatively flat trend pattern. By contrast, Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, Bahrain and the United Arab Emirates increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported gear cutting, gear grinding or gear finishing machines in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, gear cutting machine imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2019; however, from 2020 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 Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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