GCC: Test And Measurement Market 2024

Test And Measurement Market Size in GCC

The GCC test and measurement market declined to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption, however, saw a buoyant increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Test And Measurement Production in GCC

In value terms, test and measurement production fell notably to $X in 2022 estimated in export price. Overall, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Test And Measurement Exports

Exports in GCC

In 2022, shipments abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, test and measurement exports soared to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

The United Arab Emirates dominates exports structure, accounting for X units, which was near X% of total exports in 2022. The following exporters - Oman (X units) and Kuwait (X units) - each resulted at a X% 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. From 2012 to 2022, the share of Kuwait and the United Arab Emirates increased by 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 ($X) remains the largest test and measurement supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. 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

The export price in GCC stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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 ($X per unit), while Oman ($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%), while the other leaders experienced a decline in the export price figures.

Test And Measurement Imports

Imports in GCC

In 2022, supplies from abroad of instruments and apparatus for measuring or checking pressure of liquids or gasses decreased by X% to X units, falling for the second year in a row after three years of growth. Overall, imports, however, showed temperate growth. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, test and measurement imports dropped markedly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the largest importer of instruments and apparatus for measuring or checking pressure of liquids or gasses in GCC, with the volume of imports accounting for X units, which was near X% of total imports in 2022. Oman (X units) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%) and Qatar (X%).

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait and Qatar increased by 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 ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking pressure of liquids or gasses in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

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

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, continues to indicate a mild shrinkage. The growth pace was the most rapid in 2014 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 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 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%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :