GCC: Concrete Mixer Market 2024

Concrete Mixer Market Size in GCC

In 2021, after two years of growth, there was significant decline in the GCC concrete mixer market, when its value decreased by -41.7% to $X. In general, consumption showed a noticeable reduction. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Concrete Mixer Production in GCC

In value terms, concrete mixer production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, posted a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 129%. As a result, production attained the peak level of $X, and then contracted notably in the following year.

Concrete Mixer Exports

Exports in GCC

In 2021, after two years of decline, there was significant growth in shipments abroad of concrete or mortar mixers, when their volume increased by 23% to X units. Over the period under review, exports recorded modest growth. The pace of growth was the most pronounced in 2017 with an increase of 231%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, concrete mixer exports plummeted to $X in 2021. In general, exports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when exports increased by 74% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, the United Arab Emirates (X units) was the main exporter of concrete or mortar mixers, constituting 59% of total exports. Kuwait (X units) held a 20% share (based on physical terms) of total exports, which put it in second place, followed by Saudi Arabia (14%) and Oman (6.8%).

From 2012 to 2021, average annual rates of growth with regard to concrete mixer exports from the United Arab Emirates stood at -2.1%. At the same time, Oman (+29.9%), Kuwait (+28.4%) and Saudi Arabia (+3.4%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +29.9% from 2012-2021. Kuwait (+18 p.p.), Oman (+6 p.p.) and Saudi Arabia (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -25.8% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest concrete mixer supplier in GCC, comprising 70% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% share of total exports. It was followed by Oman, with a 9% share.

In the United Arab Emirates, concrete mixer exports shrank by an average annual rate of -6.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+9.0% per year) and Oman (+24.6% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, which is down by -56.8% against the previous year. In general, the export price saw a perceptible downturn. The pace of growth was the most pronounced in 2020 an increase of 118%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.4%), while the other leaders experienced a decline in the export price figures.

Concrete Mixer Imports

Imports in GCC

In 2021, approx. X units of concrete or mortar mixers were imported in GCC; which is down by -27.7% against the year before. Overall, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 35%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, concrete mixer imports contracted to $X in 2021. Over the period under review, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 18%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the major importer of concrete or mortar mixers in GCC, with the volume of imports accounting for X units, which was near 59% of total imports in 2021. It was distantly followed by Oman (X units), Kuwait (X units), Saudi Arabia (X units) and Bahrain (X units), together comprising a 38% share of total imports. Qatar (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to concrete mixer imports into the United Arab Emirates stood at +1.2%. At the same time, Kuwait (+6.2%) and Bahrain (+1.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +6.2% from 2012-2021. By contrast, Oman (-15.8%), Qatar (-17.9%) and Saudi Arabia (-17.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates, Kuwait and Bahrain increased by +33, +6 and +3.3 percentage points, respectively.

In value terms, the largest concrete mixer importing markets in GCC were Saudi Arabia ($X), the United Arab Emirates ($X) and Kuwait ($X), with a combined 85% share of total imports.

Kuwait, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of imports, among 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 2021, the import price in GCC amounted to $X per unit, with an increase of 21% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 an increase of 40%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform