GCC: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in GCC

The GCC filling containers machinery market rose sharply to $X in 2022, surging by X% against the previous year. In general, consumption, however, continues to indicate a mild curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Filling Containers Machinery Production in GCC

In value terms, filling containers machinery production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Filling Containers Machinery Exports

Exports in GCC

In 2022, after two years of growth, there was significant decline in shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers, when their volume decreased by X% to X units. In general, exports, however, saw temperate growth. The growth pace was the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, filling containers machinery exports plummeted to $X in 2022. Over the period under review, exports, however, showed a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 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 approx. X% of total exports in 2022. It was distantly followed by Saudi Arabia (X units), making up a X% share of total exports. Oman (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to filling containers machinery exports from the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%) and Oman (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest filling containers machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, filling containers machinery 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: Saudi Arabia (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, however, showed a perceptible increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Oman ($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 more modest paces of growth.

Filling Containers Machinery Imports

Imports in GCC

For the third consecutive year, GCC recorded growth in overseas purchases of machinery for filling, closing, sealing, capsuling or labelling containers, which increased by X% to X units in 2022. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, filling containers machinery imports shrank remarkably to $X in 2022. Total imports indicated measured 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. The pace of growth appeared the most rapid in 2020 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Kuwait prevails in imports structure, resulting at X units, which was near X% of total imports in 2022. It was distantly followed by Qatar (X units), constituting a X% share of total imports. The following importers - the United Arab Emirates (X units), Oman (X units) and Bahrain (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to filling containers machinery imports into Kuwait stood at X%. At the same time, Bahrain (X%), Qatar (X%), the United Arab Emirates (X%) and Oman (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. While the share of Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bahrain (X p.p.), Qatar (X p.p.), the United Arab Emirates (X p.p.) and Oman (X p.p.) displayed negative dynamics.

In value terms, the largest filling containers machinery importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Qatar ($X), with a combined X% share of total imports.

Among the main importing countries, Qatar, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, shrinking by X% against the previous year. In general, the import price saw a precipitous curtailment. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 the United Arab Emirates ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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