GCC: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in GCC

After two years of growth, the GCC market for electric generating sets and rotary converters decreased by X% to $X in 2021. Overall, consumption showed a noticeable setback. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Electric Generating Sets And Rotary Converters in GCC

In value terms, production of electric generating sets and rotary converters shrank dramatically to $X in 2021 estimated in export price. In general, production, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. Over the period under review, production of reached the maximum level at $X in 2020, and then dropped dramatically in the following year.

Exports of Electric Generating Sets And Rotary Converters

Exports in GCC

In 2021, after two years of decline, there was significant growth in overseas shipments of electric generating sets and rotary converters, when their volume increased by X% to X units. Overall, exports, however, continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of electric generating sets and rotary converters totaled $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the major exporter of electric generating sets and rotary converters in GCC, with the volume of exports finishing at X units, which was near X% of total exports in 2021. It was distantly followed by Saudi Arabia (X units), comprising a X% share of total exports. The following exporters - Kuwait (X units) and Oman (X units) - each amounted to a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric generating set and rotary converter exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Oman (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2021. Saudi Arabia (X p.p.), Kuwait (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest electric generating set and rotary converter supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2021, 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: 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 2021, which is down by X% against the previous year. Over the period under review, the export price, however, enjoyed a tangible expansion. The pace of growth appeared the most rapid in 2013 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, 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 Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, 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.

Imports of Electric Generating Sets And Rotary Converters

Imports in GCC

In 2021, overseas purchases of electric generating sets and rotary converters increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports of hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of electric generating sets and rotary converters declined to $X in 2021. In general, imports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports of attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates prevails in converters structure, reaching X units, which was approx. X% of total imports in 2021. Qatar (X units) held the second position in the ranking, followed by Kuwait (X units) and Oman (X units). All these countries together held near X% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to electric generating set and rotary converter imports into the United Arab Emirates stood at X%. Oman experienced a relatively flat trend pattern. Kuwait (X%) and 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 2012-2021, 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 ($X) constitutes the largest market for imported electric generating sets and rotary converters in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by Qatar, with an X% share.

In the United Arab Emirates, imports of electric generating sets and rotary converters shrank by an average annual rate of X% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, dropping by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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