GCC: Hide Repairing Machinery Market 2024

Hide Repairing Machinery Market Size in GCC

For the third year in a row, the GCC hide repairing machinery market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Hide Repairing Machinery Production in GCC

In value terms, hide repairing machinery production rose to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Hide Repairing Machinery Exports

Exports in GCC

In 2022, approx. X units of machinery for making or repairing articles of hides, skins or leather were exported in GCC; growing by X% against the previous year. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, hide repairing machinery exports soared to $X in 2022. In general, exports, however, continue to indicate a deep setback. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the largest exporting country with an export of around X units, which recorded X% of total exports. It was distantly followed by Bahrain (X units), constituting a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the machinery for making or repairing articles of hides, skins or leather exports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

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

In the United Arab Emirates, hide repairing machinery exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, continues to indicate a sharp slump. The pace of growth was the most pronounced in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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 Bahrain 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%).

Hide Repairing Machinery Imports

Imports in GCC

In 2022, hide repairing machinery imports in GCC rose significantly to X units, picking up by X% on the previous year's figure. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, hide repairing machinery imports surged to $X in 2022. Over the period under review, imports, however, showed a deep downturn. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the major importer of machinery for making or repairing articles of hides, skins or leather in GCC, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. It was distantly followed by Qatar (X units), achieving a X% share of total imports. Oman (X units) and Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to hide repairing machinery 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, Oman (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Qatar (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Oman (X p.p.) and Bahrain (X p.p.) displayed negative dynamics.

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

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

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, surging by X% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per unit), while Bahrain ($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

Frequently Asked Questions (FAQ) :