MENA: Crane Market 2025

Crane Market Size in MENA

The MENA's crane market totaled $X in 2022, rising by 2.5% against the previous year. Over the period under review, consumption, however, continues to indicate a noticeable decrease. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Crane Production in MENA

In value terms, crane production dropped rapidly to $X in 2022 estimated in export price. Overall, production posted a prominent expansion. The pace of growth appeared the most rapid in 2015 when the production volume increased by 74% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Crane Exports

Exports in MENA

In 2022, the amount of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane exported in MENA fell to X units, approximately reflecting the previous year's figure. In general, exports recorded a noticeable reduction. The pace of growth was the most pronounced in 2015 with an increase of 50%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, crane exports rose modestly to $X in 2022. Overall, exports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2015 with an increase of 36% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Turkey (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) represented roughly 93% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Turkey (with a CAGR of +3.6%), while the other leaders experienced a decline in the exports figures.

In value terms, Turkey ($X) remains the largest crane supplier in MENA, comprising 46% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 23% share of total exports.

In Turkey, crane exports increased at an average annual rate of +2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (-4.3% per year) and Saudi Arabia (-5.0% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, growing by 4.8% against the previous year. Overall, the export price, however, saw a noticeable slump. The growth pace was the most rapid in 2018 an increase of 11% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.2%), while the other leaders experienced a decline in the export price figures.

Crane Imports

Imports in MENA

In 2022, overseas purchases of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -0.8% to X units, falling for the seventh consecutive year after two years of growth. In general, imports recorded a perceptible slump. The pace of growth appeared the most rapid in 2015 when imports increased by 15%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crane imports rose modestly to $X in 2022. Overall, imports recorded a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by 15%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units) and Israel (X units) represented roughly 45% of total imports in 2022. Turkey (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (7%), Oman (6.8%), Egypt (5.1%) and Morocco (4.5%). The following importers - Kuwait (X units), Algeria (X units), Qatar (X units) and Iran (X units) - each accounted for a 15% 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 Israel (with a CAGR of +13.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest crane importing markets in MENA were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), with a combined 52% share of total imports.

In terms of the main importing countries, Israel, with a CAGR of +13.7%, saw the highest growth rate of 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, growing by 4.5% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 20%. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform