MENA: Lifting Equipment Market 2024

Lifting Equipment Market Size in MENA

The MENA's lifting equipment market declined to $X in 2022, which is down by X% against the previous year. In general, consumption, however, enjoyed a strong expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

Lifting Equipment Production in MENA

In value terms, lifting equipment production declined to $X in 2022 estimated in export price. In general, production, however, recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lifting Equipment Exports

Exports in MENA

In 2022, after two years of growth, there was significant decline in shipments abroad of lifting equipment, when their volume decreased by X% to X units. In general, exports, however, posted perceptible growth. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lifting equipment exports rose markedly to $X in 2022. Over the period under review, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X units) was the main exporter of lifting equipment, making up X% of total exports. The United Arab Emirates (X units) ranks second in terms of the total exports with a X% share, followed by Oman (X%) and Egypt (X%). Tunisia (X units) took a minor share of total exports.

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

In value terms, Turkey ($X) remains the largest lifting equipment supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Oman, with an X% share.

In Turkey, lifting equipment exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, jumping by X% against the previous year. In general, the export price showed a temperate increase. The growth pace was the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Lifting Equipment Imports

Imports in MENA

In 2022, supplies from abroad of lifting equipment decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then contracted notably in the following year.

In value terms, lifting equipment imports declined notably to $X in 2022. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units), Qatar (X units), Algeria (X units), Oman (X units), the United Arab Emirates (X units) and Iraq (X units) was the key importer of lifting equipment in MENA, mixing up X% of total import. It was distantly followed by Djibouti (X units), comprising 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, Turkey ($X) constitutes the largest market for imported lifting equipment in MENA, comprising X% of total imports. The second position in the ranking was taken by Algeria ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

In Turkey, lifting equipment imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Algeria (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, waning by X% against the previous year. In general, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 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 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 Turkey (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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