GCC: Beverage Filter Market 2024

Beverage Filter Market Size in GCC

The GCC beverage filter market dropped to $X in 2023, which is down by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2023, the growth of the market remained at a lower figure.

Beverage Filter Production in GCC

In value terms, beverage filter production declined to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed a modest increase. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2023, production stood at a somewhat lower figure.

Beverage Filter Exports

Exports in GCC

In 2023, approx. X units of machinery for filtering and purifying beverages were exported in GCC; picking up by X% against 2022 figures. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

In value terms, beverage filter exports surged to $X in 2023. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the major exporter of machinery for filtering and purifying beverages in GCC, with the volume of exports resulting at X units, which was near X% of total exports in 2023. It was distantly followed by Kuwait (X units), constituting a X% share of total exports.

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

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

In the United Arab Emirates, beverage filter 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 unit, increasing by X% against the previous year. Overall, the export price, however, recorded a abrupt downturn. The level of export peaked at $X per unit in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices 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 Kuwait amounted to $X per unit.

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

Beverage Filter Imports

Imports in GCC

In 2023, supplies from abroad of machinery for filtering and purifying beverages decreased by X% to X units for the first time since 2019, thus ending a three-year rising trend. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2016; however, from 2017 to 2023, imports stood at a somewhat lower figure.

In value terms, beverage filter imports shrank significantly to $X in 2023. In general, imports faced a deep contraction. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Kuwait represented the main importing country with an import of around X units, which reached X% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a X% share, followed by Qatar (X%). The following importers - Bahrain (X units) and Oman (X units) - each amounted to a X% share of total imports.

Kuwait was also the fastest-growing in terms of the machinery for filtering and purifying beverages imports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%), Oman (X%), Bahrain (X%) and Qatar (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and Qatar 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 ($X) constitutes the largest market for imported machinery for filtering and purifying beverages in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2023, growing by X% against the previous year. Overall, the import price, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2019 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2023, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform