GCC: Register Book Market 2024

Register Book Market Size in GCC

In 2023, the GCC register book market increased by X% to $X, rising for the second year in a row after three years of decline. The total consumption indicated pronounced growth 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 2021 indices. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in years to come.

Register Book Production in GCC

In value terms, register book production declined to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2023, production stood at a somewhat lower figure.

Register Book Exports

Exports in GCC

In 2023, overseas shipments of registers, account books, order books and receipt books increased by X% to X tons, rising for the third consecutive year after three years of decline. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, register book exports dropped to $X in 2023. Total exports indicated a prominent expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then fell in the following year.

Exports by Country

The shipments of the one major exporters of registers, account books, order books and receipt books, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of registers, account books, order books and receipt books. While the share of the United Arab Emirates (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) also remains the largest register book supplier in GCC.

In the United Arab Emirates, register book exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in GCC amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The growth pace was the most rapid in 2018 an increase of X%. The level of export peaked at $X per ton in 2022, and then declined dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Register Book Imports

Imports in GCC

In 2023, the amount of registers, account books, order books and receipt books imported in GCC contracted to X tons, which is down by X% against 2022. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, register book imports declined sharply to $X in 2023. Overall, imports continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importer of registers, account books, order books and receipt books in GCC, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2023. Oman (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Saudi Arabia (X%), Qatar (X%) and Kuwait (X%). Bahrain (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2023. Oman experienced a relatively flat trend pattern. Qatar (X%), Bahrain (X%), Kuwait (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Oman (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Kuwait and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported registers, account books, order books and receipt books in GCC, comprising X% of total imports. The second position in the ranking was taken by Oman ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

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

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, with a decrease of X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 an increase of X%. As a result, import price reached the peak level of $X per ton, and then shrank in the following year.

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

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

Source: IndexBox Platform