GCC: Engine Generator Market 2024

Engine Generator Market Size in GCC

The GCC engine generator market reduced to $X in 2022, declining by X% against the previous year. In general, consumption, however, showed a deep slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Engine Generator Production in GCC

In value terms, engine generator production expanded sharply to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Engine Generator Exports

Exports in GCC

In 2022, engine generator exports in GCC surged to X units, jumping by X% compared with 2021. In general, exports saw prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, engine generator exports surged to $X in 2022. Over the period under review, exports saw a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Oman (X units), achieving an X% share of total exports. Saudi Arabia (X units) and Kuwait (X units) took a little 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%) and Oman (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, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, engine generator exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Saudi Arabia (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. Overall, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

Engine Generator Imports

Imports in GCC

In 2022, imports of generators for internal combustion engines in GCC soared to X units, rising by X% against the year before. Over the period under review, imports enjoyed a notable increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, engine generator imports surged to $X in 2022. Overall, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X units, which was approx. X% of total imports in 2022. The following importers - Qatar (X units) and Oman (X units) - together made up X% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the generators for internal combustion engines imports, with a CAGR of X% from 2012 to 2022. Qatar experienced a relatively flat trend pattern. Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported generators for internal combustion engines in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports.

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

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, the import price recorded a drastic downturn. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Oman ($X per unit), while Qatar ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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