GCC: Confectionery-Making Industrial Machinery Market 2024

Confectionery-Making Industrial Machinery Market Size in GCC

The GCC confectionery-making industrial machinery market amounted to $X in 2023, remaining stable against the previous year. Over the period under review, consumption posted buoyant growth. Over the period under review, the market reached the maximum level in 2023 and is likely to see steady growth in years to come.

Confectionery-Making Industrial Machinery Production in GCC

In value terms, confectionery-making industrial machinery production dropped to $X in 2023 estimated in export price. Over the period under review, production posted a buoyant expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Confectionery-Making Industrial Machinery Exports

Exports in GCC

In 2023, shipments abroad of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Overall, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, confectionery-making industrial machinery exports skyrocketed to $X in 2023. Over the period under review, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X units, which was near X% of total exports in 2023. Bahrain (X units) took the second position in the ranking, followed by Kuwait (X units), Oman (X units) and Saudi Arabia (X units). All these countries together took near X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate exports, with a CAGR of X% from 2012 to 2023. At the same time, Oman (X%) displayed positive paces of growth. Bahrain and Kuwait experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of the United Arab Emirates increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest confectionery-making industrial machinery supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, confectionery-making industrial machinery exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2023, rising by X% against the previous year. Overall, the export price saw prominent growth. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) 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.

Confectionery-Making Industrial Machinery Imports

Imports in GCC

In 2023, the amount of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate imported in GCC expanded slightly to X units, surging by X% compared with the year before. Overall, imports recorded a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, confectionery-making industrial machinery imports surged to $X in 2023. Over the period under review, imports posted a measured increase. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2023, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importer of industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in GCC, with the volume of imports reaching X units, which was approx. X% of total imports in 2023. Oman (X units) ranks second in terms of the total imports with a X% share, followed by Bahrain (X%), Kuwait (X%) and Qatar (X%).

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Qatar (X%), Oman (X%), Bahrain (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Qatar and Oman increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported industrial machinery for the manufacture or preparation of confectionery, cocoa or chocolate in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates amounted to 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 2023, the import price in GCC amounted to $X per unit, picking up by X% against the previous year. In general, the import price, however, continues to indicate a noticeable reduction. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($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 mixed trends in the import price figures.

Source: IndexBox Platform