MENA: Crawler Dozer Market 2024

Crawler Dozer Market Size in MENA

The MENA's crawler dozer market contracted to $X in 2022, which is down by -6% against the previous year. In general, consumption recorded a abrupt descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Crawler Dozer Production in MENA

In value terms, crawler dozer production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a prominent expansion. The pace of growth was the most pronounced in 2014 with an increase of 63% against the previous year. The level of production peaked at $X in 2021, and then dropped modestly in the following year.

Crawler Dozer Exports

Exports in MENA

In 2022, the amount of crawler dozers exported in MENA soared to X units, with an increase of 19% on 2021 figures. Overall, exports, however, recorded a slight descent. The most prominent rate of growth was recorded in 2019 with an increase of 31%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, crawler dozer exports dropped to $X in 2022. In general, exports, however, continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2015 with an increase of 79% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Oman prevails in exports structure, reaching X units, which was approx. 71% of total exports in 2022. It was distantly followed by Turkey (X units), Kuwait (X units) and the United Arab Emirates (X units), together committing a 21% share of total exports. Jordan (X units) took a little share of total exports.

Oman experienced a relatively flat trend pattern with regard to volume of exports of crawler dozers. At the same time, Turkey (+9.7%) and Kuwait (+1.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of +9.7% from 2012-2022. By contrast, Jordan (-5.3%) and the United Arab Emirates (-10.6%) illustrated a downward trend over the same period. While the share of Oman (+7.6 p.p.), Turkey (+6 p.p.) and Kuwait (+1.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (-8.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest crawler dozer supplying countries in MENA were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), together accounting for 61% of total exports.

In terms of the main exporting countries, Kuwait, with a CAGR of +6.5%, recorded 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 2022, the export price in MENA amounted to $X per unit, shrinking by -22.9% against the previous year. Over the period under review, the export price saw a perceptible contraction. The pace of growth appeared the most rapid in 2014 an increase of 72%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 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 the United Arab Emirates ($X per unit), while Oman ($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 (+5.2%), while the other leaders experienced more modest paces of growth.

Crawler Dozer Imports

Imports in MENA

In 2022, approx. X units of crawler dozers were imported in MENA; which is down by -5.1% against 2021. In general, imports saw a deep downturn. The growth pace was the most rapid in 2014 when imports increased by 36%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, crawler dozer imports expanded sharply to $X in 2022. Over the period under review, imports showed a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by 20%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) and Saudi Arabia (X units) represented the major importers of crawler dozers in MENA, together accounting for near 62% of total imports. Egypt (X units) ranks next in terms of the total imports with a 6.6% share, followed by Turkey (5.7%). The following importers - Oman (X units), Iraq (X units), Algeria (X units), Kuwait (X units), Djibouti (X units), Iran (X units) and Jordan (X units) - together made up 19% of total imports.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +5.4%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest crawler dozer importing markets in MENA were Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising 69% of total imports. Egypt, Oman, Algeria, Djibouti, Iraq, Kuwait, Jordan and Iran lagged somewhat behind, together accounting for a further 26%.

Among the main importing countries, Djibouti, with a CAGR of +5.6%, saw 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 MENA stood at $X per unit in 2022, surging by 12% against the previous year. Over the period under review, the import price, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2018 when the import price increased by 43% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Turkey ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (+2.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform