GCC: Hide Preparing Machinery Market 2024

Hide Preparing Machinery Market Size in GCC

After five years of growth, the GCC hide preparing machinery market decreased by X% to $X in 2022. In general, consumption showed a moderate expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then fell remarkably in the following year.

Hide Preparing Machinery Production in GCC

In value terms, hide preparing machinery production totaled $X in 2022 estimated in export price. Overall, production posted a modest increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Hide Preparing Machinery Exports

Exports in GCC

In 2022, approx. X units of machinery for preparing, tanning or working hides, skins or leather were exported in GCC; with an increase of X% against 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, hide preparing machinery exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a pronounced downturn. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Kuwait (X units), generating a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the machinery for preparing, tanning or working hides, skins or leather exports, with a CAGR of X% from 2012 to 2022. Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

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

In the United Arab Emirates, hide preparing machinery exports declined by 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, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 Kuwait amounted to $X per unit.

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

Hide Preparing Machinery Imports

Imports in GCC

In 2022, the amount of machinery for preparing, tanning or working hides, skins or leather imported in GCC soared to X units, growing by X% on 2021. In general, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, hide preparing machinery imports shrank to $X in 2022. Overall, imports continue to indicate resilient growth. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Bahrain dominates imports structure, accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units) and Qatar (X units), together achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to hide preparing machinery imports into Bahrain stood at X%. At the same time, Qatar (X.0%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X.0% from 2012-2022. Bahrain (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported machinery for preparing, tanning or working hides, skins or leather in GCC, comprising X% of total imports. The second position in the ranking was taken by Bahrain ($X), with a X% share of total imports.

In the United Arab Emirates, hide preparing machinery imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, declining by X% against the previous year. Overall, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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