GCC: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in GCC

The GCC mounting lifting equipment market stood at $X in 2022, stabilizing at the previous year. Overall, consumption, however, posted a strong increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mounting Lifting Equipment Production in GCC

In value terms, mounting lifting equipment production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mounting Lifting Equipment Exports

Exports in GCC

After four years of decline, shipments abroad of lifting equipment designed for mounting on road vehicles increased by X% to X units in 2022. Over the period under review, exports enjoyed temperate growth. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, mounting lifting equipment exports surged to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2022. Bahrain (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the lifting equipment designed for mounting on road vehicles exports, with a CAGR of X% from 2012 to 2022. Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates increased by X percentage points.

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

In the United Arab Emirates, mounting lifting equipment exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, which is down by X% against the previous year. Overall, the export price showed a pronounced contraction. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per unit, and then reduced sharply in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%).

Mounting Lifting Equipment Imports

Imports in GCC

In 2022, supplies from abroad of lifting equipment designed for mounting on road vehicles decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, mounting lifting equipment imports fell dramatically to $X in 2022. In general, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the main importer of lifting equipment designed for mounting on road vehicles in GCC, with the volume of imports recording X units, which was approx. X% of total imports in 2022. It was distantly followed by Qatar (X units), Kuwait (X units) and Bahrain (X units), together generating a X% share of total imports. Oman (X units) held a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. Qatar experienced a relatively flat trend pattern. Kuwait (X%), Oman (X%) and Bahrain (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Qatar increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lifting equipment designed for mounting on road vehicles in GCC, comprising X% of total imports. The second position in the ranking was taken by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, mounting lifting equipment imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Oman ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, 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

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