MENA: Crane Market 2024

Crane Market Size in MENA

The MENA's crane market declined to $X in 2022, with a decrease of X% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Crane Production in MENA

In value terms, crane production dropped to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Crane Exports

Exports in MENA

In 2022, exports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in MENA soared to X units, with an increase of X% compared with the previous year's figure. Over the period under review, exports recorded a prominent increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crane exports surged to $X in 2022. Overall, exports saw perceptible growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the main exporter of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in MENA, with the volume of exports recording X units, which was near X% of total exports in 2022. Kuwait (X units) ranks second in terms of the total exports with a X% share, followed by Turkey (X%), Qatar (X%) and Saudi Arabia (X%). Oman (X units) and Bahrain (X units) followed a long way behind the leaders.

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

In value terms, the United Arab Emirates ($X), Kuwait ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Saudi Arabia, Oman, Qatar and Bahrain lagged somewhat behind, together accounting for a further X%.

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

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, waning by X% against the previous year. In general, the export price recorded a noticeable descent. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, 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 Turkey ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Crane Imports

Imports in MENA

Crane imports fell significantly to X units in 2022, which is down by X% against the year before. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crane imports stood at $X in 2022. Over the period under review, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Qatar (X units) and Israel (X units) represented roughly X% of total imports in 2022. Turkey (X units) ranks next in terms of the total imports with an X% share, followed by Oman (X%), Iraq (X%) and Kuwait (X%).

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

In value terms, Israel ($X), the United Arab Emirates ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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

In 2022, the import price in MENA amounted to $X per unit, with an increase of X% against the previous year. Import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crane import price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the 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 Turkey ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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