GCC: Motor Grader Market 2024

Motor Grader Market Size in GCC

The GCC motor grader market reached $X in 2022, picking up by 2% against the previous year. Overall, consumption, however, faced a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Motor Grader Production in GCC

In value terms, motor grader production dropped to $X in 2022 estimated in export price. In general, production, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 7,262%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Motor Grader Exports

Exports in GCC

In 2022, the amount of motor graders and levellers exported in GCC contracted remarkably to X units, waning by -17% on 2021. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 125% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, motor grader exports fell to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of 115%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Saudi Arabia (X units), Kuwait (X units) and Oman (X units), together amounting to 87% of total export. It was distantly followed by the United Arab Emirates (X units), creating an 11% share of total exports. Bahrain (X units) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Kuwait (with a CAGR of +18.7%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Saudi Arabia ($X) remains the largest motor grader supplier in GCC, comprising 50% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 20% share of total exports. It was followed by Oman, with a 16% share.

In Saudi Arabia, motor grader exports expanded at an average annual rate of +8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kuwait (+34.9% per year) and Oman (+51.2% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, with an increase of 13% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 43%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+35.1%), while the other leaders experienced more modest paces of growth.

Motor Grader Imports

Imports in GCC

In 2022, after two years of decline, there was growth in overseas purchases of motor graders and levellers, when their volume increased by 3.1% to X units. In general, imports, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 25%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, motor grader imports reduced to $X in 2022. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 26% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) prevails in imports structure, together comprising 83% of total imports. Kuwait (X units) took the next position in the ranking, followed by Oman (X units). All these countries together held near 16% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of -1.1%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest motor grader importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), with a combined 91% share of total imports. These countries were followed by Kuwait, which accounted for a further 6.9%.

Among the main importing countries, Kuwait, with a CAGR of -5.5%, 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 a decline in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, shrinking by -4.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 when the import price increased by 39% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform