GCC: Market for Parts Of Harvester And Threshers 2024

Market Size for Parts Of Harvester And Threshers in GCC

In 2021, the GCC market for parts of harvester and threshers was finally on the rise to reach $X after three years of decline. In general, consumption continues to indicate prominent growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Production of Parts Of Harvester And Threshers in GCC

In value terms, parts of harvester and threshers production skyrocketed to $X in 2021 estimated in export price. In general, production showed a remarkable increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 43%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Parts Of Harvester And Threshers

Exports in GCC

In 2021, approx. X units of parts of harvester and threshers were exported in GCC; with an increase of 91% against the year before. Overall, exports, however, showed a noticeable shrinkage. The growth pace was the most rapid in 2018 when exports increased by 105% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, parts of harvester and threshers exports declined to $X in 2021. In general, exports, however, showed a noticeable contraction. The most prominent rate of growth was recorded in 2018 with an increase of 113%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X units) represented the major exporter of parts of harvester and threshers, comprising 55% of total exports. Saudi Arabia (X units) took a 34% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (11%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Bahrain (with a CAGR of +45.9%), while the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest parts of harvester and threshers supplier in GCC, comprising 60% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -5.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (+39.8% per year) and Saudi Arabia (-10.8% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, reducing by -53.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 48% against the previous year. The level of export peaked at $X per unit in 2020, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-3.8%), while the other leaders experienced a decline in the export price figures.

Imports of Parts Of Harvester And Threshers

Imports in GCC

In 2021, parts of harvester and threshers imports in GCC was estimated at X units, surging by 2.7% compared with 2020 figures. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 43%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, parts of harvester and threshers imports plummeted to $X in 2021. In general, imports, however, faced a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 39% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X units, which was near 82% of total imports in 2021. Oman (X units) took the second position in the ranking, followed by Bahrain (X units). All these countries together took near 13% share of total imports. Kuwait (X units) took a little share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +2.0% from 2012 to 2021. At the same time, Bahrain (+13.2%), Kuwait (+10.5%) and Oman (+5.5%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of +13.2% from 2012-2021. From 2012 to 2021, the share of Bahrain, Kuwait and Oman increased by +2.9, +1.7 and +1.6 percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported parts of harvester and threshers in GCC, comprising 59% of total imports. The second position in the ranking was taken by Oman ($X), with a 17% share of total imports. It was followed by Kuwait, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at -3.0%. The remaining importing countries recorded the following average annual rates of imports growth: Oman (+10.1% per year) and Kuwait (+12.7% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, shrinking by -35.9% against the previous year. Over the period under review, the import price faced a drastic downturn. The pace of growth appeared the most rapid in 2019 when the import price increased by 40%. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+4.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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