GCC: Prepared Drier Market 2024

Prepared Drier Market Size in GCC

The GCC prepared drier market declined markedly to $X in 2023, with a decrease of X% against the previous year. In general, consumption showed a pronounced decrease. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption stood at a somewhat lower figure.

Prepared Drier Production in GCC

In value terms, prepared drier production totaled $X in 2023 estimated in export price. Overall, production showed a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Prepared Drier Exports

Exports in GCC

In 2023, approx. X tons of prepared driers were exported in GCC; picking up by X% on 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2023, the growth of the exports remained at a lower figure.

In value terms, prepared drier exports amounted to $X in 2023. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. Saudi Arabia (X tons) held a relatively small share of total exports.

From 2012 to 2023, average annual rates of growth with regard to prepared drier 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 2012-2023. While the share of Saudi Arabia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates was relatively modest.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate modest growth. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, the export price reached the peak level of $X per ton, and then shrank dramatically in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates stood at $X per ton.

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

Prepared Drier Imports

Imports in GCC

In 2023, after two years of decline, there was significant growth in overseas purchases of prepared driers, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a perceptible slump. The volume of import peaked at X tons in 2020; however, from 2021 to 2023, imports stood at a somewhat lower figure.

In value terms, prepared drier imports skyrocketed to $X in 2023. Overall, imports, however, recorded a noticeable reduction. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia was the main importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total imports. The following importers - Kuwait (X tons), Oman (X tons), Qatar (X tons) and Bahrain (X tons) - together made up X% of total imports.

Imports into Saudi Arabia decreased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%), the United Arab Emirates (X%), Kuwait (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. Oman experienced a relatively flat trend pattern. While the share of the United Arab Emirates (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Saudi Arabia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

The import price in GCC stood at $X per ton in 2023, declining by X% against the previous year. In general, the import price saw a pronounced reduction. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton, and then contracted sharply in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform