GCC: Ink-Pad Market 2024

Ink-Pad Market Size in GCC

In 2022, the GCC ink-pad market increased by X% to $X, rising for the second year in a row after three years of decline. In general, consumption showed significant growth. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Ink-Pad Production in GCC

In value terms, ink-pad production dropped modestly to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Ink-Pad Exports

Exports in GCC

In 2022, exports of ink-pads in GCC surged to X units, with an increase of X% compared with 2021. Overall, exports posted a buoyant expansion. The pace of growth appeared 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 lower figure.

In value terms, ink-pad exports soared to $X in 2022. Over the period under review, exports saw a strong increase. 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 dominates exports structure, reaching X units, which was near X% of total exports in 2022. Kuwait (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ink-pad exports from the United Arab Emirates stood at X%. At the same time, Kuwait (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. Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) and Kuwait ($X) were the countries with the highest levels of exports in 2022.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, picking up by X% against the previous year. In general, the export price posted a moderate increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

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 Kuwait ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%).

Ink-Pad Imports

Imports in GCC

In 2022, purchases abroad of ink-pads increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports recorded measured growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, ink-pad imports surged to $X in 2022. In general, imports, however, recorded a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X units, which was approx. X% of total imports in 2022. Qatar (X units), Kuwait (X units) and Oman (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to ink-pad imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) and Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Qatar (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported ink-pads in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, declining by X% against the previous year. In general, the import price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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