GCC: Variable Capacitor Market 2024

Variable Capacitor Market Size in GCC

In 2022, the GCC variable capacitor market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Variable Capacitor Production in GCC

In value terms, variable capacitor production totaled $X in 2022 estimated in export price. The total production indicated perceptible growth 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Variable Capacitor Exports

Exports in GCC

In 2022, overseas shipments of variable capacitors were finally on the rise to reach X units after five years of decline. In general, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, variable capacitor exports soared to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the two major exporters of variable capacitors, namely Saudi Arabia and the United Arab Emirates, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Saudi Arabia (with a CAGR of X%).

In value terms, the largest variable capacitor supplying countries in GCC were the United Arab Emirates ($X) and Saudi Arabia ($X).

The United Arab Emirates, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in GCC stood at $X per thousand units in 2022, rising by X% against the previous year. Over the period under review, the export price recorded a resilient expansion. The growth pace was the most rapid in 2015 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per thousand units. From 2016 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 thousand units), while Saudi Arabia totaled $X per thousand units.

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

Variable Capacitor Imports

Imports in GCC

In 2022, imports of variable capacitors in GCC dropped significantly to X units, falling by X% on the previous year. Overall, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of import peaked at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, variable capacitor imports shrank rapidly to $X in 2022. In general, imports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the largest importer of variable capacitors in GCC, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. It was distantly followed by Bahrain (X units), generating a X% share of total imports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to variable capacitor imports into the United Arab Emirates stood at X%. At the same time, Bahrain (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Oman (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bahrain increased by X percentage points.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported variable capacitors in GCC, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with a X% share of total imports.

In the United Arab Emirates, variable capacitor imports contracted by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, dropping by X% against the previous year. In general, the import price saw a sharp slump. The pace of growth appeared the most rapid in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates (less than $X per unit), while Oman (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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