GCC: Vapour Power Unit Market 2024

Vapour Power Unit Market Size in GCC

In 2022, the GCC vapour power unit market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption recorded a abrupt curtailment. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Vapour Power Unit Production in GCC

In value terms, vapour power unit production soared to $X in 2022 estimated in export price. In general, production continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X,450%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Vapour Power Unit Exports

Exports in GCC

In 2022, shipments abroad of condensers for steam or other vapour power units decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, vapour power unit exports dropped significantly to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Oman (X tons), mixing up a X% share of total exports. Bahrain (X tons) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of condensers for steam or other vapour power units. At the same time, Oman (X%) and Bahrain (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Oman and Bahrain increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest vapour power unit supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Oman ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Oman (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 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 the United Arab Emirates ($X per ton), while Bahrain ($X per ton) 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.

Vapour Power Unit Imports

Imports in GCC

In 2022, overseas purchases of condensers for steam or other vapour power units decreased by X% to X tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a deep slump. The pace of growth appeared the most rapid in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, vapour power unit imports declined rapidly to $X in 2022. In general, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X tons) and the United Arab Emirates (X tons) prevails in imports structure, together creating X% of total imports. It was distantly followed by Oman (X tons), achieving a X% share of total imports. Bahrain (X tons) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest vapour power unit importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Oman ($X), together comprising X% of total imports. Bahrain lagged somewhat behind, comprising a further X%.

Among the main importing countries, Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, showed a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a 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 Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform