Middle East: Wheeled Loader Market 2024

Wheeled Loader Market Size in the Middle East

The Middle Eastern wheeled loader market expanded slightly to $X.7B in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2020 when the market value increased by X%. The level of consumption peaked at $X.4B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Wheeled Loader Production in the Middle East

In value terms, wheeled loader production expanded slightly to $X.9B in 2022 estimated in export price. Over the period under review, production, however, recorded a deep setback. The growth pace was the most rapid in 2020 when the production volume increased by X%. Over the period under review, production hit record highs at $X.3B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Wheeled Loader Exports

Exports in the Middle East

In 2022, approx. X units of wheeled loaders, crawler shovel loaders, front-end loaders were exported in the Middle East; rising by X% against 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheeled loader exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the major exporting country with an export of around X units, which resulted at X% of total exports. It was distantly followed by Kuwait (X units) and Turkey (X units), together making up a X% share of total exports. Oman (X units) and Bahrain (X units) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to wheeled loader exports from the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Turkey (X%) and Bahrain (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. By contrast, Oman (X%) illustrated a downward trend over the same period. While the share of Kuwait (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bahrain (X p.p.) and Oman (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, wheeled loader exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Kuwait (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price showed a noticeable decline. The most prominent rate of growth was recorded in 2018 when the export price increased by X%. 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 Turkey ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

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

Wheeled Loader Imports

Imports in the Middle East

In 2022, overseas purchases of wheeled loaders, crawler shovel loaders, front-end loaders increased by X% to X units, rising for the second year in a row after five years of decline. In general, imports, however, showed a deep setback. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, wheeled loader imports soared to $X in 2022. Over the period under review, imports, however, saw a abrupt setback. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) represented roughly X% of total imports in 2022. Israel (X units) held the next position in the ranking, followed by Turkey (X units), Iraq (X units), Kuwait (X units) and Oman (X units). All these countries together held near X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Israel, Kuwait, Iraq and Oman lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, recorded 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. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the 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 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 Saudi Arabia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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