Qatar: Crane Market 2024

Crane Market Size in Qatar

The Qatari crane market reduced sharply to $X in 2022, with a decrease of X% against the previous year. Overall, consumption faced a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Crane Production in Qatar

In value terms, crane production stood at $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Crane Exports

Exports from Qatar

In 2022, after four years of decline, there was significant growth in shipments abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, when their volume increased by X% to X units. Overall, exports, however, recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, crane exports surged to $X in 2022. In general, exports, however, continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for crane exports from Qatar, with a X% share of total exports. Moreover, crane exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X units), fourfold. The third position in this ranking was taken by Saudi Arabia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Saudi Arabia (X% per year).

In value terms, the United Arab Emirates ($X), Turkey ($X) and China ($X) constituted the largest markets for crane exported from Qatar worldwide, together accounting for X% of total exports.

In terms of the main countries of destination, China, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average crane export price amounted to $X per unit, declining by X% against the previous year. Overall, the export price recorded a deep slump. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Crane Imports

Imports into Qatar

In 2022, imports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane into Qatar plummeted to X units, reducing by X% compared with the previous year. Overall, imports showed a abrupt setback. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crane imports dropped notably to $X in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest crane supplier to Qatar, with a X% share of total imports. Moreover, crane imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. The United States (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the United States (X% per year).

In value terms, Japan ($X), China ($X) and Germany ($X) were the largest crane suppliers to Qatar, together comprising X% of total imports.

Japan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the import price recorded a buoyant increase. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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