GCC: Market for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in GCC

The GCC market for belt type continuous-action elevators and conveyors for goods or materials rose sharply to $X in 2023, increasing by X% against the previous year. Overall, consumption, however, recorded a strong increase. Over the period under review, the market reached the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials in GCC

In value terms, production of belt type continuous-action elevators and conveyors for goods or materials rose sharply to $X in 2023 estimated in export price. In general, production enjoyed a strong expansion. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports in GCC

In 2023, overseas shipments of belt type continuous-action elevators and conveyors for goods or materials were finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X%. Over the period under review, the exports of attained the peak figure at X units in 2020; however, from 2021 to 2023, the exports stood at a somewhat lower figure.

In value terms, exports of belt type continuous-action elevators and conveyors for goods or materials soared to $X in 2023. Overall, exports posted prominent growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates materials structure, recording X units, which was approx. X% of total exports in 2023. It was distantly followed by Saudi Arabia (X units), committing a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the belt type continuous-action elevators and conveyors for goods or materials exports, with a CAGR of X% from 2012 to 2023. At the same time, Saudi Arabia (X%) displayed positive paces of growth. From 2012 to 2023, the share of the United Arab Emirates and Saudi Arabia increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest belt type continuous-action elevator and conveyor supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

In the United Arab Emirates, exports of belt type continuous-action elevators and conveyors for goods or materials expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, growing by X% against the previous year. Overall, the export price, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%).

Imports of Belt Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports in GCC

In 2023, purchases abroad of belt type continuous-action elevators and conveyors for goods or materials decreased by X% to X units, falling for the second year in a row after three years of growth. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports of failed to regain momentum.

In value terms, imports of belt type continuous-action elevators and conveyors for goods or materials skyrocketed to $X in 2023. Overall, imports saw a mild decrease. Over the period under review, imports of hit record highs at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importer of belt type continuous-action elevators and conveyors for goods or materials in GCC, with the volume of imports accounting for X units, which was near X% of total imports in 2023. Kuwait (X units) ranks second in terms of the total imports with a X% share, followed by Oman (X%), Qatar (X%) and Bahrain (X%).

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates, Kuwait, Oman and Bahrain increased by X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported belt type continuous-action elevators and conveyors for goods or materials in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with an X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, imports of belt type continuous-action elevators and conveyors for goods or materials decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2023, with an increase of X% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform