Middle East: Unit Construction Machine Market 2024

Unit Construction Machine Market Size in the Middle East

The Middle Eastern unit construction machine market was estimated at $X in 2023, remaining constant against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2023, consumption failed to regain momentum.

Unit Construction Machine Production in the Middle East

In value terms, unit construction machine production shrank modestly to $X in 2023 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

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Unit Construction Machine Exports

Exports in the Middle East

After two years of growth, shipments abroad of unit construction machines for working metal decreased by X% to X units in 2023. In general, exports, however, enjoyed a prominent increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, unit construction machine exports dropped notably to $X in 2023. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

In 2023, Bahrain (X units) was the main exporter of unit construction machines for working metal, achieving X% of total exports. The United Arab Emirates (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). Israel (X units) followed a long way behind the leaders.

Bahrain was also the fastest-growing in terms of the unit construction machines for working metal exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%), Turkey (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of Bahrain (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Israel (X p.p.), Turkey (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

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

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Unit Construction Machine Imports

Imports in the Middle East

In 2023, supplies from abroad of unit construction machines for working metal increased by X% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports continue to indicate moderate growth. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, unit construction machine imports fell sharply to $X in 2023. Overall, imports, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, the United Arab Emirates (X units) was the major importer of unit construction machines for working metal, committing X% of total imports. Turkey (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Bahrain (X%). Iran (X units), Israel (X units) and Jordan (X units) took a little share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Bahrain (X%), Turkey (X%) and Jordan (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2023. By contrast, Israel (X%) and Iran (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Turkey (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Israel (X p.p.) and Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported unit construction machines for working metal in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Israel, with a X% share.

From 2012 to 2023, the average annual growth rate 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 Israel (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2023, which is down by X% against the previous year. Overall, the import price showed a noticeable contraction. The pace of growth was the most pronounced in 2022 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform