GCC: Measuring Instrument Market 2024

Measuring Instrument Market Size in GCC

The GCC measuring instrument market reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a pronounced descent. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Measuring Instrument Production in GCC

In value terms, measuring instrument production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Measuring Instrument Exports

Exports in GCC

In 2022, shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, measuring instrument exports soared to $X in 2022. In general, exports continue to indicate a buoyant expansion. 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 was the main exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Oman (X units), achieving 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, Oman (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. Oman (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 ($X) remains the largest measuring instrument supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, measuring instrument exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a abrupt setback. The growth pace was the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained 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 the United Arab Emirates ($X per unit), while Oman amounted to $X per unit.

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

Measuring Instrument Imports

Imports in GCC

In 2022, approx. X units of instruments and apparatus for measuring or checking the flow or level of liquids were imported in GCC; growing by X% compared with the previous year's figure. Over the period under review, imports enjoyed a prominent increase. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, measuring instrument imports contracted dramatically to $X in 2022. In general, imports, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main importer of instruments and apparatus for measuring or checking the flow or level of liquids, constituting X% of total imports. It was distantly followed by Oman (X units), mixing up a X% share of total imports. The following importers - Kuwait (X units) and Qatar (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported instruments and apparatus for measuring or checking the flow or level of liquids in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with an X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled 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, declining by X% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: 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 Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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