GCC: Network Communications Equipment Market 2024

Network Communications Equipment Market Size in GCC

The GCC network communications equipment market declined to $X in 2022, falling by X% against the previous year. Over the period under review, consumption continues to indicate a strong expansion. Over the period under review, the market hit record highs at $X in 2021, and then shrank in the following year.

Network Communications Equipment Production in GCC

In value terms, network communications equipment production reached $X in 2022 estimated in export price. Over the period under review, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Network Communications Equipment Exports

Exports in GCC

Network communications equipment exports soared to X units in 2022, with an increase of X% compared with the previous year. Overall, exports recorded a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, network communications equipment exports surged to $X in 2022. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The biggest shipments were from the United Arab Emirates (X units), together accounting for X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the network communications equipment exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest network communications equipment supplier in GCC.

In the United Arab Emirates, network communications equipment exports increased 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, remaining relatively unchanged against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price 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. Based on 2022 figures, network communications equipment export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Network Communications Equipment Imports

Imports in GCC

In 2022, overseas purchases of network communications equipment increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, network communications equipment imports fell rapidly to $X in 2022. Over the period under review, imports posted a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units) was the major importer of network communications equipment, constituting X% of total imports. It was distantly followed by Saudi Arabia (X units), making up an X% share of total imports. Qatar (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to network communications equipment imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%) and Saudi Arabia (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. From 2012 to 2022, the share of Saudi Arabia and Qatar increased by X and X percentage points, respectively.

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

In the United Arab Emirates, network communications equipment imports expanded 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: Saudi Arabia (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :