GCC: Amplifier Market 2024

Amplifier Market Size in GCC

In 2023, after three years of growth, there was decline in the GCC amplifier market, when its value decreased by less than X% to $X. The total consumption indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2019 indices. Over the period under review, the market attained the maximum level at $X in 2022, and then reduced modestly in the following year.

Amplifier Production in GCC

In value terms, amplifier production totaled $X in 2023 estimated in export price. In general, production continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Amplifier Exports

Exports in GCC

In 2023, after two years of decline, there was significant growth in shipments abroad of amplifiers, when their volume increased by X% to X units. In general, exports continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports failed to regain momentum.

In value terms, amplifier exports soared to $X in 2023. Total exports indicated modest growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X units, which was near X% of total exports in 2023. Bahrain (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the amplifiers exports, with a CAGR of X% from 2012 to 2023. At the same time, Bahrain (X%) displayed positive paces of growth. The shares of the largest exporters remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, reducing by X% against the previous year. Overall, the export price showed a drastic downturn. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2023, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain totaled $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bahrain (X%).

Amplifier Imports

Imports in GCC

In 2023, supplies from abroad of amplifiers decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, amplifier imports reduced to $X in 2023. In general, imports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, amounting to X units, which was near X% of total imports in 2023. The following importers - Kuwait (X units), Bahrain (X units) and Qatar (X units) - together made up X% of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of amplifiers. Kuwait experienced a relatively flat trend pattern. Bahrain (X%) and Qatar (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2023, 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 ($X) constitutes the largest market for imported amplifiers in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, amplifier imports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2017 to 2023, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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 2023, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform