Middle East: Ride-On Compaction Equipment Market 2024

Ride-On Compaction Equipment Market Size in the Middle East

The Middle Eastern ride-on compaction equipment market amounted to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Ride-On Compaction Equipment Production in the Middle East

In value terms, ride-on compaction equipment production expanded rapidly to $X in 2022 estimated in export price. In general, production saw resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Ride-On Compaction Equipment Exports

Exports in the Middle East

In 2022, exports of ride-on compaction equipment in the Middle East skyrocketed to X units, increasing by X% compared with the year before. Overall, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ride-on compaction equipment exports skyrocketed to $X in 2022. In general, exports saw prominent growth. The pace of growth appeared the most rapid in 2019 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Turkey (X units) was the major exporter of ride-on compaction equipment, mixing up X% of total exports. The United Arab Emirates (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Kuwait (X%). Israel (X units) and Jordan (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Jordan (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Kuwait experienced a relatively flat trend pattern. By contrast, Israel (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Turkey (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Israel 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, the largest ride-on compaction equipment supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, reducing by X% against the previous year. Export price indicated a modest increase 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, ride-on compaction equipment export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 Jordan ($X per unit), while Turkey ($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 more modest paces of growth.

Ride-On Compaction Equipment Imports

Imports in the Middle East

Ride-on compaction equipment imports skyrocketed to X units in 2022, picking up by X% on 2021 figures. In general, imports, however, continue to indicate a abrupt slump. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ride-on compaction equipment imports expanded modestly to $X in 2022. Over the period under review, imports, however, showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) represented roughly X% of total imports in 2022. It was distantly followed by Turkey (X units), Israel (X units), Iraq (X units) and Qatar (X units), together achieving a X% share of total imports. Oman (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest ride-on compaction equipment importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined X% share of total imports. Israel, Qatar, Oman and Iraq lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, saw a slight increase. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

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 Israel (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform