GCC: Full-Rotation Excavator Market 2025

Full-Rotation Excavator Exports

Exports in GCC

For the third year in a row, GCC recorded growth in shipments abroad of self-propelled full-rotation excavators and bulldozers, which increased by 3.5% to X units in 2021. Over the period under review, exports recorded moderate growth. The pace of growth was the most pronounced in 2017 when exports increased by 75% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, full-rotation excavator exports rose sharply to $X in 2021. Overall, exports posted a perceptible increase. The pace of growth appeared the most rapid in 2014 when exports increased by 189%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Oman (X units) and the United Arab Emirates (X units) prevails in exports structure, together constituting 89% of total exports. It was distantly followed by Bahrain (X units), committing an 8.6% share of total exports. Kuwait (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Bahrain (with a CAGR of +37.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), the United Arab Emirates ($X) and Bahrain ($X) were the countries with the highest levels of exports in 2021, with a combined 98% share of total exports.

In terms of the main exporting countries, Bahrain, with a CAGR of +44.9%, saw the highest rates of growth with regard to 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 2021, the export price in GCC amounted to $X per unit, rising by 8.9% against the previous year. Export price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, full-rotation excavator export price decreased by -19.2% against 2018 indices. The pace of growth was the most pronounced in 2014 when the export price increased by 118%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Bahrain ($X per unit) and Kuwait ($X per unit), while Oman ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+5.6%), while the other leaders experienced more modest paces of growth.

Full-Rotation Excavator Imports

Imports in GCC

In 2021, approx. X units of self-propelled full-rotation excavators and bulldozers were imported in GCC; falling by -46.3% on the year before. Over the period under review, imports, however, showed a temperate increase. The pace of growth appeared the most rapid in 2020 with an increase of 342% against the previous year. As a result, imports attained the peak of X units, and then contracted significantly in the following year.

In value terms, full-rotation excavator imports soared to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Over the period under review, imports reached the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importer of self-propelled full-rotation excavators and bulldozers in GCC, with the volume of imports reaching X units, which was near 54% of total imports in 2021. Saudi Arabia (X units) ranks second in terms of the total imports with a 24% share, followed by Qatar (12%) and Oman (6.7%). Bahrain (X units) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of self-propelled full-rotation excavators and bulldozers. At the same time, Saudi Arabia (+33.3%) and Qatar (+10.9%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing importer imported in GCC, with a CAGR of +33.3% from 2012-2021. By contrast, Bahrain (-1.4%) and Oman (-1.9%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+22 p.p.) and Qatar (+5.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Oman (-4.2 p.p.) and the United Arab Emirates (-21.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 90% share of total imports.

Saudi Arabia, with a CAGR of +48.0%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, picking up by 303% against the previous year. Overall, the import price, however, continues to indicate a noticeable shrinkage. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates ($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 (+11.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform