GCC: Hydraulic Press Market 2024

Hydraulic Press Market Size in GCC

The GCC hydraulic press market contracted to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, saw buoyant growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Hydraulic Press Production in GCC

In value terms, hydraulic press production shrank to $X in 2022 estimated in export price. Over the period under review, production posted a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Hydraulic Press Exports

Exports in GCC

In 2022, approx. X units of hydraulic presses for working metal were exported in GCC; with a decrease of X% compared with 2021. Overall, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, hydraulic press exports skyrocketed to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the major exporter of hydraulic presses for working metal, creating X% of total exports. It was distantly followed by Oman (X units) and Saudi Arabia (X units), together committing a X% share of total exports. The following exporters - Bahrain (X units) and Kuwait (X units) - together made up X% of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) and Saudi Arabia (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, Kuwait (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kuwait (X p.p.), Bahrain (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

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

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: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a abrupt descent. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced mixed trends in the export price figures.

Hydraulic Press Imports

Imports in GCC

In 2022, overseas purchases of hydraulic presses for working metal decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, posted measured growth. 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 remained at a somewhat lower figure.

In value terms, hydraulic press imports shrank rapidly to $X in 2022. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Kuwait (X units), mixing up a X% share of total imports. The following importers - Bahrain (X units), Oman (X units) and Qatar (X units) - each amounted to an X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the hydraulic presses for working metal imports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. By contrast, Oman (X%) and Qatar (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Oman and Qatar saw its share reduced by X% and 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 ($X) constitutes the largest market for imported hydraulic presses for working metal in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, hydraulic press imports declined by 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: 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, with a decrease of X% against the previous year. Over the period under review, the import price saw a noticeable decrease. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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