GCC: Teleferics And Chair-Lifts Market 2024

Teleferics And Chair-Lifts Market Size in GCC

The GCC teleferics and chair-lifts market amounted to $X.1B in 2022, growing by X% against the previous year. Overall, consumption showed prominent growth. As a result, consumption attained the peak level of $X.1B. From 2019 to 2022, the growth of the market failed to regain momentum.

Teleferics And Chair-Lifts Production in GCC

In value terms, teleferics and chair-lifts production expanded to $X.8B in 2022 estimated in export price. In general, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X.3B. From 2019 to 2022, production growth remained at a lower figure.

Teleferics And Chair-Lifts Exports

Exports in GCC

After four years of growth, shipments abroad of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars decreased by X% to X units in 2022. Overall, exports, however, showed a measured expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The volume of export peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, teleferics and chair-lifts exports reduced markedly to $X in 2022. In general, exports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the United Arab Emirates (X units) was the key exporter of teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars, mixing up X% of total exports. It was distantly followed by Kuwait (X units), Oman (X units) and Saudi Arabia (X units), together generating a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars exports, with a CAGR of X% from 2012 to 2022. Oman and Saudi Arabia experienced a relatively flat trend pattern. Kuwait (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Oman (X p.p.), Saudi Arabia (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest teleferics and chair-lifts supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, teleferics and chair-lifts 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: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price continues to indicate a strong expansion. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Kuwait ($X per unit) 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 more modest paces of growth.

Teleferics And Chair-Lifts Imports

Imports in GCC

In 2022, teleferics and chair-lifts imports in GCC skyrocketed to X units, rising by X% on the previous year. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, teleferics and chair-lifts imports soared to $X in 2022. In general, imports saw a significant expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Kuwait dominates imports structure, reaching X units, which was near X% of total imports in 2022. It was distantly followed by Bahrain (X units), achieving a X% share of total imports. Saudi Arabia (X units) held a little share of total imports.

Imports into Kuwait increased at an average annual rate of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Kuwait increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kuwait ($X) constitutes the largest market for imported teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars in GCC, comprising X% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total imports.

In Kuwait, teleferics and chair-lifts imports increased 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 Bahrain (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 Saudi Arabia ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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