GCC: Domestic Toaster Market 2024

Domestic Toaster Market Size in GCC

In 2022, the GCC domestic toaster market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, posted a resilient increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

Domestic Toaster Production in GCC

In value terms, domestic toaster production soared to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked in 2022 and is expected to retain growth in the near future.

Domestic Toaster Exports

Exports in GCC

In 2022, shipments abroad of domestic electric toasters increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, domestic toaster exports soared to $X in 2022. Overall, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) was the main exporter of domestic electric toasters in GCC, generating X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the domestic electric toasters exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (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) also remains the largest domestic toaster supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Domestic Toaster Imports

Imports in GCC

In 2022, domestic toaster imports in GCC declined significantly to X units, with a decrease of X% compared with 2021. Over the period under review, imports continue to indicate a mild decrease. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, domestic toaster imports declined to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, accounting for X units, which was approx. X% of total imports in 2022. Kuwait (X units) ranks second in terms of the total imports with a X% share, followed by Qatar (X%). Bahrain (X units) and Oman (X units) held a minor share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait and Qatar increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported domestic electric toasters in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, with an increase of X% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, domestic toaster import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the United Arab Emirates ($X per unit) and Kuwait ($X per unit), while Qatar ($X per unit) and Bahrain ($X per unit) were 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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