GCC: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in GCC

In 2022, the GCC market for machine-tools for working stone, ceramics, and concrete decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate a abrupt curtailment. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in GCC

In value terms, machine tools for working stone production declined to $X in 2022 estimated in export price. In general, production recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports in GCC

In 2022, overseas shipments of machine-tools for working stone, ceramics, and concrete decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports, however, showed strong growth. The growth pace was the most rapid in 2019 when exports increased by X%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, machine tools for working stone exports surged to $X in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X units, which was near X% of total exports in 2022. It was distantly followed by Oman (X units), committing a X% share of total exports. Kuwait (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. 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. By contrast, Oman (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest machine tools for working stone supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

In the United Arab Emirates, machine tools for working stone exports increased at an average annual rate of X% over the period from 2012-2022. 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, jumping by X% against the previous year. In general, the export price enjoyed a mild expansion. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports in GCC

Machine tools for working stone imports surged to X units in 2022, picking up by X% on 2021. Overall, imports saw strong growth. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, machine tools for working stone imports declined to $X in 2022. In general, imports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Oman (X units) represented the key importer of machine-tools for working stone, ceramics, and concrete, achieving X% of total imports. It was distantly followed by the United Arab Emirates (X units), constituting a X% share of total imports. Bahrain (X units) followed a long way behind the leaders.

Oman was also the fastest-growing in terms of the machine-tools for working stone, ceramics, and concrete imports, with a CAGR of X% from 2012 to 2022. The United Arab Emirates (X%) and Bahrain (X%) illustrated a downward trend over the same period. Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X), Oman ($X) and Bahrain ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Oman, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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