GCC: Moulds For Metal Market 2024

Moulds For Metal Market Size in GCC

The GCC moulds for metal market declined to $X in 2022, waning by -6% against the previous year. Overall, consumption recorded a pronounced reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Moulds For Metal Production in GCC

In value terms, moulds for metal production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2016 when the production volume increased by 53% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Moulds For Metal Exports

Exports in GCC

Moulds for metal exports totaled X tons in 2022, surging by 10% compared with the previous year. Overall, exports, however, showed a perceptible descent. The growth pace was the most rapid in 2014 when exports increased by 124%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, moulds for metal exports fell significantly to $X in 2022. In general, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 110%. 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 prevails in exports structure, resulting at X tons, which was near 88% of total exports in 2022. It was distantly followed by Saudi Arabia (X tons), making up a 9.4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to moulds for metal exports from the United Arab Emirates stood at -5.2%. Saudi Arabia experienced a relatively flat trend pattern. While the share of Saudi Arabia (+4.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-3.5 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest moulds for metal supplier in GCC, comprising 91% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an 8.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at -6.9%.

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, reducing by -41.2% against the previous year. Overall, the export price saw a perceptible contraction. The growth pace was the most rapid in 2013 when the export price increased by 41% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.9%).

Moulds For Metal Imports

Imports in GCC

In 2022, after four years of decline, there was significant growth in purchases abroad of moulds for metals, when their volume increased by 5.8% to X tons. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 147% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, moulds for metal imports shrank sharply to $X in 2022. Overall, imports, however, continue to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 77% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the key importing country with an import of around X tons, which accounted for 70% of total imports. It was distantly followed by Oman (X tons) and Qatar (X tons), together making up a 25% share of total imports. Bahrain (X tons) and Kuwait (X tons) took a relatively small share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the moulds for metals imports, with a CAGR of +13.4% from 2012 to 2022. At the same time, Qatar (+8.8%), Oman (+7.8%), Bahrain (+1.6%) and Kuwait (+1.2%) displayed positive paces of growth. From 2012 to 2022, the share of the United Arab Emirates, Oman and Qatar increased by +51, +11 and +3.3 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported moulds for metals in GCC, comprising 85% of total imports. The second position in the ranking was taken by Oman ($X), with a 5.8% share of total imports. It was followed by Kuwait, with a 4% share.

In the United Arab Emirates, moulds for metal imports expanded at an average annual rate of +11.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (-3.9% per year) and Kuwait (+0.9% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, shrinking by -27.2% against the previous year. In general, the import price showed a pronounced curtailment. The pace of growth was the most pronounced in 2021 an increase of 115%. As a result, import price attained the peak level of $X per ton, and then reduced notably in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-0.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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