GCC: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2024

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in GCC

The GCC market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps reduced to $X in 2022, shrinking by X% against the previous year. Overall, consumption, however, posted resilient growth. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in GCC

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps dropped slightly to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports in GCC

In 2022, after two years of decline, there was significant growth in shipments abroad of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, when their volume increased by X% to X units. Overall, exports posted a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps soared to $X in 2022. Over the period under review, exports enjoyed prominent growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates represented the main exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Saudi Arabia (X units) and Kuwait (X units), together mixing up a X% share of total exports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Kuwait, with a 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 Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, declining by X% against the previous year. Overall, the export price, however, saw a temperate increase. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2021, and then declined remarkably in the following year.

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 ($X per unit), while Saudi Arabia ($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 mixed trends in the export price figures.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports in GCC

Imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted notably to X units in 2022, waning by X% against 2021 figures. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 when imports increased by X%. Over the period under review, imports of reached the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps shrank significantly to $X in 2022. In general, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) was the major importer of hydraulic pumps (gear or vane) and other rotary positive displacement pumps, making up X% of total imports. Saudi Arabia (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%). Qatar (X units), Bahrain (X units) and Kuwait (X units) followed a long way behind the leaders.

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

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported hydraulic pumps (gear or vane) and other rotary positive displacement pumps in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports. It was followed by Qatar, with an X% share.

In the United Arab Emirates, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps decreased 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: Saudi Arabia (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, with an increase of X% against the previous year. Overall, the import price posted a moderate increase. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 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 Kuwait ($X per unit), while the United Arab Emirates ($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

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