Middle East: Concrete-Mixer Lorry Market 2024

Concrete-Mixer Lorry Market Size in the Middle East

In 2022, the Middle Eastern concrete-mixer lorry market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a deep setback. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Concrete-Mixer Lorry Production in the Middle East

In value terms, concrete-mixer lorry production amounted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a mild contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Concrete-Mixer Lorry Exports

Exports in the Middle East

After two years of decline, shipments abroad of concrete-mixer lorries increased by X% to X units in 2022. In general, exports recorded prominent growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, concrete-mixer lorry exports surged to $X in 2022. Over the period under review, exports showed a buoyant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey represented the main exporter of concrete-mixer lorries in the Middle East, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) took the second position in the ranking, distantly followed by Oman (X units) and Jordan (X units). All these countries together took approx. X% share of total exports. Lebanon (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest concrete-mixer lorry supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Jordan, with a X% share.

In Turkey, concrete-mixer lorry 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 Jordan (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, which is down by X% against the previous year. In general, the export price continues to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Oman ($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 a decline in the export price figures.

Concrete-Mixer Lorry Imports

Imports in the Middle East

In 2022, imports of concrete-mixer lorries in the Middle East contracted to X units, falling by X% compared with the year before. In general, imports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, concrete-mixer lorry imports rose slightly to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Saudi Arabia (X units), distantly followed by the United Arab Emirates (X units), Iraq (X units), Kuwait (X units), Israel (X units) and Palestine (X units) were the largest importers of concrete-mixer lorries, together creating X% of total imports. Yemen (X units) followed a long way behind the leaders.

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

In value terms, the largest concrete-mixer lorry importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Iraq ($X), together accounting for X% of total imports. Kuwait, Israel, Palestine and Yemen lagged somewhat behind, together comprising a further X%.

Palestine, with a CAGR of X%, saw the highest growth rate of 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 the Middle East amounted to $X per unit, increasing by X% against the previous year. Import price indicated modest growth 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, concrete-mixer lorry import price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Yemen ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform