GCC: Agricultural Forestry Machinery Market 2024

Agricultural Forestry Machinery Market Size in GCC

The GCC agricultural forestry machinery market reached $X in 2023, picking up by X% against the previous year. Overall, consumption continues to indicate a strong increase. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Agricultural Forestry Machinery Production in GCC

In value terms, agricultural forestry machinery production rose slightly to $X in 2023 estimated in export price. In general, production saw a remarkable increase. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Agricultural Forestry Machinery Exports

Exports in GCC

In 2023, shipments abroad of agricultural forestry machinery (lawn or sportsground rollers) decreased by X% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, the exports reached the peak of X units. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, agricultural forestry machinery exports skyrocketed to $X in 2023. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, the United Arab Emirates (X units) was the largest exporter of agricultural forestry machinery (lawn or sportsground rollers), making up X% of total exports. Bahrain (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Oman (X%) and Saudi Arabia (X%).

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of agricultural forestry machinery (lawn or sportsground rollers). At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. Bahrain experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Bahrain (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, the United Arab Emirates ($X) remains the largest agricultural forestry machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, jumping by X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable contraction. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the export price figures.

Agricultural Forestry Machinery Imports

Imports in GCC

In 2023, after three years of growth, there was significant decline in overseas purchases of agricultural forestry machinery (lawn or sportsground rollers), when their volume decreased by X% to X units. Over the period under review, imports recorded a pronounced downturn. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, agricultural forestry machinery imports declined significantly to $X in 2023. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, accounting for X units, which was near X% of total imports in 2023. It was distantly followed by Oman (X units), mixing up a X% share of total imports. The following importers - Kuwait (X units) and Qatar (X units) - together made up X% of total imports.

The United Arab Emirates was also the fastest-growing in terms of the agricultural forestry machinery (lawn or sportsground rollers) imports, with a CAGR of X% from 2012 to 2023. At the same time, Kuwait (X%) displayed positive paces of growth. Oman experienced a relatively flat trend pattern. By contrast, Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Qatar (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported agricultural forestry machinery (lawn or sportsground rollers) in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2023, shrinking by X% against the previous year. Over the period under review, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform