GCC: Mobile Lifting Frame Market 2024

Mobile Lifting Frame Market Size in GCC

The GCC mobile lifting frame market expanded remarkably to $X in 2022, surging by X% against the previous year. Overall, consumption saw a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Mobile Lifting Frame Production in GCC

In value terms, mobile lifting frame production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Mobile Lifting Frame Exports

Exports in GCC

After four years of growth, overseas shipments of mobile lifting frames on tyres and straddle carriers decreased by X% to X units in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, mobile lifting frame exports shrank significantly to $X in 2022. Overall, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) and Kuwait (X units) represented the main exporters of mobile lifting frames on tyres and straddle carriers in GCC, together amounting to near X% of total exports. It was distantly followed by Bahrain (X units), mixing up a X% share of total exports. Oman (X units) held a relatively small share of total exports.

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

In value terms, the largest mobile lifting frame supplying countries in GCC were the United Arab Emirates ($X), Kuwait ($X) and Bahrain ($X), together accounting for X% of total exports.

Among the main exporting countries, Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price continues to indicate a measured increase. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Oman ($X per unit), while Kuwait ($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 more modest paces of growth.

Mobile Lifting Frame Imports

Imports in GCC

In 2022, supplies from abroad of mobile lifting frames on tyres and straddle carriers increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, imports posted measured growth. The pace of growth appeared the most rapid in 2013 with an increase of X%. 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, mobile lifting frame imports expanded notably to $X in 2022. Over the period under review, imports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the largest importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Kuwait (X units), mixing up a X% share of total imports. Qatar (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the mobile lifting frames on tyres and straddle carriers imports, with a CAGR of X% from 2012 to 2022. Kuwait (X%) and Qatar (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported mobile lifting frames on tyres and straddle carriers in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports.

In the United Arab Emirates, mobile lifting frame imports decreased by an average annual rate of X% over the period from 2012-2022. 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 2022, falling by X% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per unit), while the United Arab Emirates ($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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