MENA: Truck Crane Market 2024

Truck Crane Market Size in MENA

In 2022, the MENA's truck crane market increased by X% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, continues to indicate a perceptible decrease. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Truck Crane Production in MENA

In value terms, truck crane production skyrocketed to $X in 2022 estimated in export price. In general, production saw temperate growth. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Truck Crane Exports

Exports in MENA

In 2022, approx. X units of truck cranes were exported in MENA; increasing by X% on 2021 figures. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, truck crane exports soared to $X in 2022. Overall, exports enjoyed a buoyant increase. 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 prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X units), mixing up a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the truck cranes exports, with a CAGR of X% from 2012 to 2022. Turkey (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) emerged as the largest truck crane supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, truck crane exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, which is down by X% against the previous year. In general, the export price recorded a pronounced descent. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 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 Turkey ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Truck Crane Imports

Imports in MENA

In 2022, supplies from abroad of truck cranes increased by X% to X units, rising for the second year in a row after seven years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 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, truck crane imports reduced modestly to $X in 2022. In general, imports, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Kuwait (X units), Egypt (X units), Israel (X units), Iraq (X units) and Turkey (X units), together committing a X% share of total imports. Algeria (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to truck crane imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Egypt (X%) and Israel (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, Iraq (X%), Turkey (X%) and Algeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait, Egypt and Israel increased by X, X, X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported truck cranes in MENA, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Egypt, with an X% share.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Egypt (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum 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 Turkey ($X per unit), while Iraq ($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

Frequently Asked Questions (FAQ) :