GCC: Market for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters 2024

Market Size for Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in GCC

In 2022, the GCC electric oven and cooker market increased by X% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption recorded a prominent increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters in GCC

In value terms, electric oven and cooker production surged to $X in 2022 estimated in export price. In general, production continues to indicate significant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Exports in GCC

In 2022, shipments abroad of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric oven and cooker exports surged to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X units, which was near X% of total exports in 2022. The following exporters - Saudi Arabia (X units) and Bahrain (X units) - each accounted for a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the electric ovens, cookers, cooking plates, boiling rings, grillers and roasters exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) and Bahrain (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Bahrain saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest electric oven and cooker supplier in GCC, comprising X% of total exports. The second position in the ranking was taken by Bahrain ($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%. The remaining exporting countries recorded the following average annual rates of exports growth: Bahrain (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by X% against the previous year. Export price indicated resilient 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. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

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 the United Arab Emirates ($X per unit), while Saudi Arabia ($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 mixed trends in the export price figures.

Imports of Electric Ovens, Cookers, Cooking Plates, Boiling Rings, Grillers And Roasters

Imports in GCC

In 2022, overseas purchases of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Overall, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then shrank slightly in the following year.

In value terms, electric oven and cooker imports reached $X in 2022. Total imports indicated a buoyant increase 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 pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Saudi Arabia dominates imports structure, amounting to X units, which was approx. X% of total imports in 2022. The United Arab Emirates (X units) ranks second in terms of the total imports with an X% share, followed by Kuwait (X%) and Qatar (X%).

Saudi Arabia was also the fastest-growing in terms of the electric ovens, cookers, cooking plates, boiling rings, grillers and roasters imports, with a CAGR of X% from 2012 to 2022. At the same time, Qatar (X%) and Kuwait (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Saudi Arabia and Kuwait 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 largest electric oven and cooker importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($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%, recorded the highest growth rate of 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, with an increase of X% against the previous year. Overall, the import price, however, saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

Source: IndexBox Platform

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