GCC: Market for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone 2024

Market Size for Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in GCC

The GCC cement prefabricated structural components market rose notably to $X in 2022, increasing by X% against the previous year. The total consumption indicated mild growth from 2012 to 2022: its value 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, consumption decreased by X% against 2020 indices. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone in GCC

In value terms, cement prefabricated structural components production reached $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value 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, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Exports in GCC

Cement prefabricated structural components exports skyrocketed to X tons in 2022, jumping by X% compared with the previous year's figure. In general, exports, however, saw a abrupt downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cement prefabricated structural components exports rose significantly to $X in 2022. Overall, exports, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Oman (X tons) and the United Arab Emirates (X tons) dominates exports structure, together achieving X% of total exports. Bahrain (X tons) ranks next in terms of the total exports with a X% share, followed by Saudi Arabia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest cement prefabricated structural components supplying countries in GCC were Oman ($X), the United Arab Emirates ($X) and Bahrain ($X), with a combined X% share of total exports.

Among the main exporting countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, waning by X% against the previous year. Export price indicated a modest increase 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, cement prefabricated structural components export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then contracted sharply in the following year.

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

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

Imports of Prefabricated Structural Components Of Cement, Concrete Or Artificial Stone

Imports in GCC

Cement prefabricated structural components imports expanded rapidly to X tons in 2022, picking up by X% compared with the previous year's figure. Over the period under review, imports recorded a tangible increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, cement prefabricated structural components imports reduced dramatically to $X in 2022. In general, imports, however, continue to indicate a perceptible contraction. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Kuwait represented the key importer of prefabricated structural components of cement, concrete or artificial stone in GCC, with the volume of imports recording X tons, which was approx. X% of total imports in 2022. Qatar (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). Bahrain (X tons) and Oman (X tons) held a relatively small share of total imports.

Imports into Kuwait decreased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%), Bahrain (X%) and Qatar (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. Kuwait (X p.p.), the United Arab Emirates (X p.p.), Qatar (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Kuwait ($X) constitutes the largest market for imported prefabricated structural components of cement, concrete or artificial stone in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Kuwait, cement prefabricated structural components imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Kuwait ($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 (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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