GCC: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in GCC

In 2021, the GCC off-highway dumper market increased by 59% to $X, rising for the fourth consecutive year after three years of decline. Overall, consumption continues to indicate perceptible growth. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Off-Highway Dumper Production in GCC

In value terms, off-highway dumper production skyrocketed to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of production peaked at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Off-Highway Dumper Exports

Exports in GCC

After three years of decline, shipments abroad of dumpers for off-highway use increased by 110% to X units in 2021. In general, exports posted a modest expansion. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, off-highway dumper exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate perceptible growth. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) were the main exporters of dumpers for off-highway use in 2021, resulting at near 47% and 36% of total exports, respectively. It was distantly followed by Oman (X units) and Kuwait (X units), together committing a 15% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +68.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest off-highway dumper supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), with a combined 97% share of total exports.

Saudi Arabia, with a CAGR of +67.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, with an increase of 24% against the previous year. Over the period under review, the export price saw a slight expansion. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.2%), while the other leaders experienced a decline in the export price figures.

Off-Highway Dumper Imports

Imports in GCC

In 2021, the amount of dumpers for off-highway use imported in GCC soared to X units, with an increase of 71% on the previous year. Over the period under review, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, off-highway dumper imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 40% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) represented the key importer of dumpers for off-highway use, achieving 86% of total imports. It was distantly followed by Kuwait (X units), generating a 13% share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of dumpers for off-highway use. At the same time, Kuwait (+9.5%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +9.5% from 2012-2021. Kuwait (+7 p.p.) and the United Arab Emirates (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported dumpers for off-highway use in GCC, comprising 59% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +4.3%.

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, dropping by -20.7% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 67% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+10.7%).

Source: IndexBox Platform