United Arab Emirates: Truck Crane Market 2022

Truck Crane Market Size in the United Arab Emirates

The truck crane market in the United Arab Emirates surged to $X in 2021, with an increase of 218% against the previous year. Overall, consumption, however, recorded a abrupt descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Truck Crane Production in the United Arab Emirates

In value terms, truck crane production amounted to $X in 2021 estimated in export price. Over the period under review, production showed a precipitous decrease. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Truck Crane Exports

Exports from the United Arab Emirates

In 2021, overseas shipments of truck cranes decreased by -60.1% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, exports, however, showed temperate growth. The pace of growth appeared the most rapid in 2013 with an increase of 397% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, truck crane exports dropped markedly to $X in 2021. In general, exports continue to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for truck crane exports from the United Arab Emirates, with a 64% share of total exports. Moreover, truck crane exports to Oman exceeded the volume sent to the second major destination, Senegal (X units), threefold. The third position in this ranking was held by Angola (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to Oman totaled -16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+51.6% per year) and Angola (+11.2% per year).

In value terms, Oman ($X) remains the key foreign market for truck crane exports from the United Arab Emirates, comprising 62% of total exports. The second position in the ranking was held by Angola ($X), with a 7.4% share of total exports. It was followed by Senegal, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value to Oman amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+12.6% per year) and Senegal (+98.3% per year).

Export Prices by Country

In 2021, the average truck crane export price amounted to $X per unit, picking up by 38% against the previous year. In general, the export price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2016 an increase of 41% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Tanzania ($X per unit), while the average price for exports to Senegal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Crane Imports

Imports into the United Arab Emirates

In 2021, overseas purchases of truck cranes increased by 39% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 96%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, truck crane imports dropped slightly to $X in 2021. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Oman (X units) and China (X units) were the main suppliers of truck crane imports to the United Arab Emirates, together comprising 79% of total imports. Moreover, truck crane imports in Japan exceeded the figures recorded by the second-largest supplier, Oman, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +68.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest truck crane suppliers to the United Arab Emirates were Germany ($X), China ($X) and South Korea ($X), together accounting for 80% of total imports. These countries were followed by Japan, Oman, Australia and Uzbekistan, which together accounted for a further 16%.

Among the main suppliers, Oman, with a CAGR of +34.8%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, reducing by -31.4% against the previous year. Overall, the import price, however, posted perceptible growth. The growth pace was the most rapid in 2013 an increase of 110% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+42.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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