MENA: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in MENA

The MENA's off-highway dumper market contracted slightly to $X.4B in 2022, flattening at the previous year. Over the period under review, consumption saw a resilient increase. The level of consumption peaked at $X.9B in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Off-Highway Dumper Production in MENA

In value terms, off-highway dumper production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Off-Highway Dumper Exports

Exports in MENA

In 2022, off-highway dumper exports in MENA soared to X units, growing by X% on 2021. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, off-highway dumper exports surged to $X in 2022. Overall, exports showed strong growth. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the largest exporter of dumpers for off-highway use in MENA, with the volume of exports recording X units, which was approx. X% of total exports in 2022. Morocco (X units) ranks second in terms of the total exports with a X% share, followed by Turkey (X%). The following exporters - Lebanon (X units) and Algeria (X units) - each resulted at a X% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%), Algeria (X%) and Lebanon (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest off-highway dumper supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports. It was followed by Lebanon, with a X% share.

In the United Arab Emirates, off-highway dumper exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Lebanon (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, reducing by X% against the previous year. Overall, the export price, however, saw a strong increase. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then shrank notably in the following year.

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 ($X per unit), while Morocco ($X per unit) was amongst the lowest.

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

Off-Highway Dumper Imports

Imports in MENA

In 2022, the amount of dumpers for off-highway use imported in MENA soared to X units, jumping by X% against the previous year's figure. In general, imports, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, off-highway dumper imports expanded notably to $X in 2022. Total imports indicated a measured expansion 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the largest importer of dumpers for off-highway use, comprising X% of total imports. Iran (X units) took the second position in the ranking, followed by Kuwait (X units), Saudi Arabia (X units) and Turkey (X units). All these countries together held approx. X% share of total imports. The following importers - Morocco (X units) and Israel (X units) - together made up X% of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Iran (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%), Morocco (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Iran (X p.p.), Kuwait (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (X p.p.) and Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest off-highway dumper importing markets in MENA were the United Arab Emirates ($X), Iran ($X) and Turkey ($X), with a combined X% share of total imports.

Among the main importing countries, Turkey, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, shrinking by X% against the previous year. Import price indicated a tangible expansion 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, off-highway dumper import price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2021, and then reduced in the following year.

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 ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :