GCC: Electric Hand-Dryer Market 2024

Electric Hand-Dryer Market Size in GCC

In 2022, the GCC electric hand-dryer market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption saw a perceptible slump. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Electric Hand-Dryer Production in GCC

In value terms, electric hand-dryer production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Electric Hand-Dryer Exports

Exports in GCC

In 2022, overseas shipments of electric hand-drying apparatus increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, exports continue to indicate a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric hand-dryer exports surged to $X in 2022. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X units, which was near X% of total exports in 2022. Saudi Arabia (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric hand-dryer exports from the United Arab Emirates stood at X%. At the same time, Saudi Arabia (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest electric hand-dryer supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price, however, saw a buoyant increase. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2021, and then declined dramatically in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Electric Hand-Dryer Imports

Imports in GCC

In 2022, purchases abroad of electric hand-drying apparatus decreased by X% to X units, falling for the second year in a row after two years of growth. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, electric hand-dryer imports reduced remarkably to $X in 2022. Overall, imports showed a pronounced reduction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. 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

In 2022, the United Arab Emirates (X units) represented the main importer of electric hand-drying apparatus, achieving X% of total imports. It was distantly followed by Qatar (X units), committing a X% share of total imports. The following importers - Bahrain (X units) and Oman (X units) - each accounted for a X% share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of electric hand-drying apparatus. At the same time, Qatar (X%) and Oman (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 Qatar increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric hand-dryer importing markets in GCC were the United Arab Emirates ($X), Qatar ($X) and Bahrain ($X), together accounting for X% of total imports.

Among the main importing countries, Qatar, 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 unit, shrinking by X% against the previous year. Over the period under review, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat 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 Qatar ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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