GCC: Electrical Signalling Apparatus Market 2024

Electrical Signalling Apparatus Market Size in GCC

In 2022, the GCC electrical signalling apparatus market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption showed a buoyant increase. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Electrical Signalling Apparatus Production in GCC

In value terms, electrical signalling apparatus production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded moderate growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Electrical Signalling Apparatus Exports

Exports in GCC

In 2022, overseas shipments of electrical apparatus for sound or visual signalling increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, electrical signalling apparatus exports skyrocketed to $X in 2022. Overall, exports enjoyed 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, finishing at X units, which was approx. X% of total exports in 2022. Saudi Arabia (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling exports, with a CAGR of X% from 2012 to 2022. Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia saw its share reduced by X% from 2012 to 2022, respectively.

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

In the United Arab Emirates, electrical signalling apparatus exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the export price posted prominent growth. The pace of growth appeared the most rapid in 2016 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 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 the United Arab Emirates ($X per unit), while Saudi Arabia stood at $X per unit.

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

Electrical Signalling Apparatus Imports

Imports in GCC

In 2022, imports of electrical apparatus for sound or visual signalling in GCC skyrocketed to X units, picking up by X% against 2021. Over the period under review, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, electrical signalling apparatus imports skyrocketed to $X in 2022. Overall, imports saw a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates prevails in imports structure, accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Oman (X units), constituting a X% share of total imports. Kuwait (X units) took a little share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the electrical apparatus for sound or visual signalling imports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) and Oman (X%) displayed positive paces of growth. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Oman saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electrical apparatus for sound or visual signalling in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, reducing by X% against the previous year. Overall, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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