Middle East: Public Works Machinery Market 2024

Public Works Machinery Market Size in the Middle East

After two years of growth, the Middle Eastern public works machinery market decreased by X% to $X in 2022. Overall, consumption showed a mild curtailment. Over the period under review, the market reached the peak level at $X in 2021, and then contracted remarkably in the following year.

Public Works Machinery Production in the Middle East

In value terms, public works machinery production stood at $X in 2022 estimated in export price. Over the period under review, production, however, posted noticeable growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Public Works Machinery Exports

Exports in the Middle East

In 2022, the amount of machinery for public works and building exported in the Middle East soared to X units, picking up by X% on the year before. Overall, exports saw resilient growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, public works machinery exports rose slightly to $X in 2022. Total exports indicated a noticeable 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey was the main exporter of machinery for public works and building in the Middle East, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) held the second position in the ranking, distantly followed by Yemen (X units) and Kuwait (X units). All these countries together took near X% share of total exports. Israel (X units) and Oman (X units) held a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%), Yemen (X%), the United Arab Emirates (X%), Israel (X%) and Oman (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.), Kuwait (X p.p.) and Yemen (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest public works machinery supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, falling by X% against the previous year. Overall, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. 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 Kuwait ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

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

Public Works Machinery Imports

Imports in the Middle East

In 2022, purchases abroad of machinery for public works and building decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2021, and then fell rapidly in the following year.

In value terms, public works machinery imports expanded remarkably to $X in 2022. Overall, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Qatar was the key importing country with an import of around X units, which resulted at X% of total imports. It was distantly followed by Kuwait (X units), Turkey (X units), Bahrain (X units), Iraq (X units) and the United Arab Emirates (X units), together mixing up a X% share of total imports. Israel (X units) took a little share of total imports.

Imports into Qatar increased at an average annual rate of X% from 2012 to 2022. At the same time, Kuwait (X%) and Israel (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iraq (X%), the United Arab Emirates (X%), Turkey (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of Qatar (X p.p.), Kuwait (X p.p.) and Israel (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (X p.p.), the United Arab Emirates (X p.p.), Turkey (X p.p.) and Bahrain (X p.p.) displayed negative dynamics.

In value terms, the largest public works machinery importing markets in the Middle East were Kuwait ($X), Iraq ($X) and Turkey ($X), with a combined X% share of total imports.

In terms of the main importing countries, Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to 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

The import price in the Middle East stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a perceptible decline. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, 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 Iraq ($X per unit), while Qatar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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