GCC: Domestic Electro-Thermic Appliances Market 2024

Domestic Electro-Thermic Appliances Market Size in GCC

In 2022, the GCC domestic electro-thermic appliances market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then fell slightly in the following year.

Domestic Electro-Thermic Appliances Production in GCC

In value terms, domestic electro-thermic appliances production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; afterwards, it flattened through to 2022.

Domestic Electro-Thermic Appliances Exports

Exports in GCC

Domestic electro-thermic appliances exports surged to X units in 2022, jumping by X% against the year before. In general, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, domestic electro-thermic appliances exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X units, which was near X% of total exports in 2022. It was distantly followed by Bahrain (X units), comprising a X% share of total exports. Saudi Arabia (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. Saudi Arabia experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates and Bahrain increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest domestic electro-thermic appliances supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price continues to indicate a perceptible decline. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Domestic Electro-Thermic Appliances Imports

Imports in GCC

In 2022, purchases abroad of domestic electro-thermic appliances increased by X% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, domestic electro-thermic appliances imports expanded rapidly to $X in 2022. Total imports indicated a strong 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 2017 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The United Arab Emirates represented the largest importer of domestic electro-thermic appliances in GCC, with the volume of imports recording X units, which was near X% of total imports in 2022. Saudi Arabia (X units) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%) and Qatar (X%).

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Qatar (X%), Saudi Arabia (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. Kuwait (X p.p.), Saudi Arabia (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest domestic electro-thermic appliances importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total imports. These countries were followed by Qatar, which accounted for a further X%.

Qatar, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 unit, declining by X% against the previous year. Overall, the import price continues to indicate a mild setback. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

Frequently Asked Questions (FAQ) :