GCC: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in GCC

The GCC sugar-manufacturing industrial machinery market amounted to $X in 2022, increasing by X% against the previous year. In general, consumption, however, showed a perceptible reduction. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sugar-Manufacturing Industrial Machinery Production in GCC

In value terms, sugar-manufacturing industrial machinery production expanded remarkably to $X in 2022 estimated in export price. In general, production, however, saw a pronounced shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Exports

Exports in GCC

In 2022, overseas shipments of industrial machinery for the manufacture or preparation of sugar decreased by X% to X units, falling for the second year in a row after four years of growth. Over the period under review, exports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery exports shrank sharply to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) was the key exporter of industrial machinery for the manufacture or preparation of sugar, committing X% of total exports. Oman (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%).

The United Arab Emirates was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. Kuwait experienced a relatively flat trend pattern. From 2012 to 2022, the share of Oman, the United Arab Emirates and Kuwait 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 ($X) remains the largest sugar-manufacturing industrial machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Kuwait (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while Oman ($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%).

Sugar-Manufacturing Industrial Machinery Imports

Imports in GCC

In 2022, purchases abroad of industrial machinery for the manufacture or preparation of sugar increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, imports, however, faced a drastic downturn. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sugar-manufacturing industrial machinery imports surged to $X in 2022. Overall, imports posted a measured increase. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Oman was the major importer of industrial machinery for the manufacture or preparation of sugar in GCC, with the volume of imports recording X units, which was near X% of total imports in 2022. Kuwait (X units) ranks second in terms of the total imports with a X% share, followed by Qatar (X%). The following importers - the United Arab Emirates (X units) and Bahrain (X units) - each reached a X% share of total imports.

Oman was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of sugar imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Qatar experienced a relatively flat trend pattern. By contrast, Bahrain (X%) illustrated a downward trend over the same period. Oman (X p.p.), Kuwait (X p.p.), Qatar (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kuwait ($X), Oman ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Kuwait, with a CAGR of X%, saw 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 more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price recorded a resilient expansion. The growth pace was the most rapid in 2018 an increase of X%. As a result, import price reached the peak level of $X,835 per unit. From 2019 to 2022, the 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 Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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