GCC: Market for Pneumatic Linear Acting Actuators 2023

Market Size for Pneumatic Linear Acting Actuators in GCC

The GCC pneumatic linear acting actuator market dropped modestly to $X in 2022, reducing by -2.4% against the previous year. Overall, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pneumatic Linear Acting Actuators in GCC

In value terms, pneumatic linear acting actuator production declined slightly to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 67%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Pneumatic Linear Acting Actuators

Exports in GCC

Pneumatic linear acting actuator exports skyrocketed to X units in 2022, increasing by 17% compared with the previous year. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 245% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, pneumatic linear acting actuator exports skyrocketed to $X in 2022. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 234% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) represented roughly 99% of total exports in 2022.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +65.0%).

In value terms, Saudi Arabia ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022.

Among the main exporting countries, Saudi Arabia, with a CAGR of +46.2%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, jumping by 18% against the previous year. Over the period under review, the export price, however, recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2018 an increase of 32%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-2.5%).

Imports of Pneumatic Linear Acting Actuators

Imports in GCC

In 2022, approx. X units of pneumatic linear acting actuators were imported in GCC; picking up by 9.9% compared with the year before. In general, imports recorded resilient growth. The growth pace was the most rapid in 2013 with an increase of 244% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, pneumatic linear acting actuator imports declined dramatically to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -42.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 75% against the previous year. Over the period under review, imports reached the peak figure at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, reaching X units, which was near 93% of total imports in 2022. Oman (X units), Kuwait (X units) and Bahrain (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the pneumatic linear acting actuators imports, with a CAGR of +21.6% from 2012 to 2022. At the same time, Bahrain (+14.7%), Oman (+3.1%) and Kuwait (+2.9%) displayed positive paces of growth. The United Arab Emirates (+17 p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Oman saw its share reduced by -8.1% and -8.6% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pneumatic linear acting actuators in GCC, comprising 76% of total imports. The second position in the ranking was taken by Oman ($X), with a 5.8% share of total imports. It was followed by Kuwait, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to +6.8%. In the other countries, the average annual rates were as follows: Oman (+9.1% per year) and Kuwait (-3.5% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of -46.5% against the previous year. Overall, the import price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2015 an increase of 75%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Market Intelligence Platform

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