Middle East: Market for Transporter Cranes, Gantry Cranes And Bridge Cranes 2024

Market Size for Transporter Cranes, Gantry Cranes And Bridge Cranes in the Middle East

The Middle Eastern transporter and bridge cranes market totaled $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed mild growth. As a result, consumption attained the peak level of $X.9B. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Transporter Cranes, Gantry Cranes And Bridge Cranes in the Middle East

In value terms, transporter and bridge cranes production soared to $X.9B in 2022 estimated in export price. Overall, production saw a slight expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X.7B. From 2021 to 2022, production growth failed to regain momentum.

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Exports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Exports in the Middle East

In 2022, shipments abroad of transporter cranes, gantry cranes and bridge cranes was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, exports saw buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, transporter and bridge cranes exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced slump. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Kuwait (X units) was the major exporter of transporter cranes, gantry cranes and bridge cranes, constituting X% of total exports. Turkey (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (X%). Oman (X units) followed a long way behind the leaders.

Kuwait was also the fastest-growing in terms of the transporter cranes, gantry cranes and bridge cranes exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) and Turkey (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest transporter and bridge cranes supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with an X% share.

In Turkey, transporter and bridge cranes exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, shrinking by X% against the previous year. Overall, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat 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 Oman ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Imports of Transporter Cranes, Gantry Cranes And Bridge Cranes

Imports in the Middle East

In 2022, transporter and bridge cranes imports in the Middle East contracted significantly to X units, with a decrease of X% compared with 2021 figures. In general, imports, however, continue to indicate slight growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, transporter and bridge cranes imports amounted to $X in 2022. Over the period under review, imports saw a pronounced contraction. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

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

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

In value terms, Israel ($X), Oman ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Israel, with a CAGR of X%, saw the highest rates of growth with regard to 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. Over the period under review, the import price, however, saw a pronounced shrinkage. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 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 Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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