GCC: Loading Machinery Market 2024

Loading Machinery Market Size in GCC

In 2022, the GCC loading machinery market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, saw a significant expansion. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Loading Machinery Production in GCC

In value terms, loading machinery production totaled $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant increase. The growth pace was the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Loading Machinery Exports

Exports in GCC

Loading machinery exports shrank to X units in 2022, waning by X% on 2021 figures. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, loading machinery exports shrank remarkably to $X in 2022. Overall, exports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then contracted notably in the following year.

Exports by Country

In 2022, the United Arab Emirates (X units) was the major exporter of lifting, handling, loading or unloading machinery, committing X% of total exports. Kuwait (X units) held the second position in the ranking, distantly followed by Oman (X units). All these countries together took near X% share of total exports. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest loading machinery supplying countries in GCC were the United Arab Emirates ($X), Kuwait ($X) and Oman ($X), together comprising X% of total exports.

Kuwait, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced mixed trends in the export price figures.

Loading Machinery Imports

Imports in GCC

In 2022, after two years of growth, there was significant decline in purchases abroad of lifting, handling, loading or unloading machinery, when their volume decreased by X% to X units. In general, imports, however, posted a pronounced increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, loading machinery imports dropped remarkably to $X in 2022. Over the period under review, imports saw a noticeable curtailment. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Qatar was the key importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by Bahrain (X units), the United Arab Emirates (X units), Kuwait (X units) and Oman (X units), together generating a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest loading machinery importing markets in GCC were the United Arab Emirates ($X), Qatar ($X) and Kuwait ($X), together accounting for X% of total imports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a abrupt setback. The pace of growth was the most pronounced in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Bahrain ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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