GCC: Market for Machines For The Manufacture Of Flat Panel Displays 2024

Market Size for Machines For The Manufacture Of Flat Panel Displays in GCC

In 2022, the GCC panel display manufacturing machine market decreased by X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption recorded a perceptible decline. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Machines For The Manufacture Of Flat Panel Displays in GCC

In value terms, panel display manufacturing machine production reduced to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Machines For The Manufacture Of Flat Panel Displays

Exports in GCC

In 2022, after three years of decline, there was significant growth in overseas shipments of machines for the manufacture of flat panel displays, when their volume increased by X% to X units. In general, exports posted a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, panel display manufacturing machine exports soared to $X in 2022. Overall, exports posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the major exporter of machines for the manufacture of flat panel displays, committing X% of total exports. It was distantly followed by Saudi Arabia (X units), comprising a X% share of total exports. Oman (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the machines for the manufacture of flat panel displays exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and Oman saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest panel display manufacturing machine supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, panel display manufacturing machine exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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, shrinking by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then contracted markedly in the following year.

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 Oman ($X per unit), while Saudi Arabia ($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 mixed trends in the export price figures.

Imports of Machines For The Manufacture Of Flat Panel Displays

Imports in GCC

In 2022, overseas purchases of machines for the manufacture of flat panel displays decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, panel display manufacturing machine imports dropped rapidly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) and Saudi Arabia (X units) represented the largest importers of machines for the manufacture of flat panel displays in GCC, together accounting for approx. X% of total imports. It was distantly followed by Oman (X units), comprising an X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the United Arab Emirates (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported machines for the manufacture of flat panel displays in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports.

In the United Arab Emirates, panel display manufacturing machine imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, enjoyed a temperate increase. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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