GCC: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in GCC

The GCC wheeled dozer market shrank dramatically to $X in 2022, waning by -96.9% against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X, and then contracted notably in the following year.

Wheeled Dozer Production in GCC

In value terms, wheeled dozer production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 161%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Wheeled Dozer Exports

Exports in GCC

After two years of decline, shipments abroad of wheeled dozers increased by 17% to X units in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 44% against the previous year. Over the period under review, the exports reached the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, wheeled dozer exports soared to $X in 2022. Over the period under review, exports, however, recorded a slight curtailment. The pace of growth was the most pronounced in 2014 with an increase of 48% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Kuwait (X units), Bahrain (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) was the major exporter of wheeled dozers in GCC, creating 89% of total export. It was distantly followed by Oman (X units), making up an 11% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Oman (with a CAGR of +12.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wheeled dozer supplying countries in GCC were Kuwait ($X), Oman ($X) and Saudi Arabia ($X), with a combined 69% share of total exports.

Oman, with a CAGR of +17.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, standing approx. at the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 56%. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+3.9%), while the other leaders experienced mixed trends in the export price figures.

Wheeled Dozer Imports

Imports in GCC

In 2022, approx. X units of wheeled dozers were imported in GCC; waning by -98.7% against 2021 figures. Over the period under review, imports saw a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 9,425%. As a result, imports attained the peak of X units, and then fell sharply in the following year.

In value terms, wheeled dozer imports reduced dramatically to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 65%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the main importer of wheeled dozers, making up 58% of total imports. It was distantly followed by Kuwait (X units) and Oman (X units), together comprising a 38% share of total imports. Bahrain (X units) held a little share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -14.1% from 2012 to 2022. At the same time, Kuwait (+6.2%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +6.2% from 2012-2022. By contrast, Oman (-2.7%) and Bahrain (-19.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Kuwait and Oman increased by +37, +27 and +8.9 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported wheeled dozers in GCC, comprising 73% of total imports. The second position in the ranking was held by Kuwait ($X), with a 19% share of total imports. It was followed by Bahrain, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -14.5%. In the other countries, the average annual rates were as follows: Kuwait (+6.1% per year) and Bahrain (-21.7% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, growing by 4,970% against the previous year. Over the period under review, the import price recorded noticeable growth. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (-0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform