GCC: Market for Reel Fed Offset Printing Machinery 2024

Market Size for Reel Fed Offset Printing Machinery in GCC

The GCC market for reel fed offset printing machinery was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption, however, saw a drastic downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Reel Fed Offset Printing Machinery in GCC

In value terms, reel fed offset printing machinery production reached $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Exports of Reel Fed Offset Printing Machinery

Exports in GCC

In 2022, the amount of reel fed offset printing machinery exported in GCC dropped remarkably to X units, reducing by X% against 2021 figures. Over the period under review, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, reel fed offset printing machinery exports skyrocketed to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) was the major exporter of reel fed offset printing machinery, comprising X% of total exports. It was distantly followed by Oman (X units), achieving an X% share of total exports. Kuwait (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the reel fed offset printing machinery exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. By contrast, Oman (X%) illustrated a downward trend over the same period. While the share of Oman (X p.p.), the United Arab Emirates (X p.p.) and Kuwait (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 ($X) remains the largest reel fed offset printing machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, reel fed offset printing machinery exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates ($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 (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Reel Fed Offset Printing Machinery

Imports in GCC

In 2022, overseas purchases of reel fed offset printing machinery increased by X% to X units, rising for the second year in a row after three years of decline. In general, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, reel fed offset printing machinery imports soared to $X in 2022. Overall, imports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Qatar (X units) was the major importer of reel fed offset printing machinery, generating X% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a X% share, followed by Bahrain (X%). Oman (X units) and Kuwait (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to reel fed offset printing machinery imports into Qatar stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Kuwait (X%) and Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Qatar and Bahrain increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported reel fed offset printing machinery in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($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 more modest paces of growth.

Source: IndexBox Platform

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