MENA: Full-Rotation Excavator Market 2024

Full-Rotation Excavator Market Size in MENA

The MENA's full-rotation excavator market declined to $X in 2021, which is down by -10.8% against the previous year. Over the period under review, consumption showed a noticeable reduction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Full-Rotation Excavator Production in MENA

In value terms, full-rotation excavator production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 73,131%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Full-Rotation Excavator Exports

Exports in MENA

In 2021, overseas shipments of self-propelled full-rotation excavators and bulldozers decreased by -5.6% to X units, falling for the second year in a row after three years of growth. Overall, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 110%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, full-rotation excavator exports surged to $X in 2021. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 101%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Turkey (X units) was the major exporter of self-propelled full-rotation excavators and bulldozers, constituting 60% of total exports. It was distantly followed by Oman (X units) and the United Arab Emirates (X units), together generating a 31% share of total exports. The following exporters - Bahrain (X units) and Tunisia (X units) - together made up 4.8% of total exports.

From 2012 to 2021, average annual rates of growth with regard to full-rotation excavator exports from Turkey stood at +17.1%. At the same time, Bahrain (+37.2%), Tunisia (+33.4%) and Oman (+3.9%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +37.2% from 2012-2021. By contrast, the United Arab Emirates (-1.4%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Bahrain increased by +29 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest full-rotation excavator supplier in MENA, comprising 72% of total exports. The second position in the ranking was held by Oman ($X), with a 12% share of total exports. It was followed by the United Arab Emirates, with a 10% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +14.4%. In the other countries, the average annual rates were as follows: Oman (+6.1% per year) and the United Arab Emirates (-0.4% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, growing by 25% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2016 an increase of 42%. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

In 2021, full-rotation excavator imports in MENA declined markedly to X units, shrinking by -19.7% against 2020 figures. Over the period under review, imports continue to indicate a pronounced setback. The growth pace was the most rapid in 2020 when imports increased by 112% against the previous year. As a result, imports attained the peak of X units, and then fell dramatically in the following year.

In value terms, full-rotation excavator imports soared to $X in 2021. Overall, imports showed a noticeable reduction. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units) and Turkey (X units) represented the main importers of self-propelled full-rotation excavators and bulldozers in MENA, together committing 47% of total imports. Saudi Arabia (X units) held a 12% share (based on physical terms) of total imports, which put it in second place, followed by Israel (11%), Morocco (7%), Qatar (5.9%) and Iraq (4.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Saudi Arabia (with a CAGR of +33.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest full-rotation excavator importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 63% share of total imports.

In terms of the main importing countries, Saudi Arabia, with a CAGR of +48.0%, recorded the highest growth rate of the value of imports, 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 MENA amounted to $X per unit, rising by 119% against the previous year. Overall, the import price, however, saw a pronounced slump. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($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 a decline in the import price figures.

Source: IndexBox Platform