MENA: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in MENA

In 2021, the MENA's self-propelled excavating machinery market decreased by -26.7% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption continues to indicate a drastic downturn. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Self-Propelled Excavating Machinery Production in MENA

In value terms, self-propelled excavating machinery production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 41% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports in MENA

In 2021, approx. X units of self-propelled earth moving, excavating machinery were exported in MENA; which is down by -30.3% against 2020 figures. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 166% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, self-propelled excavating machinery exports declined significantly to $X in 2021. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2019 when exports increased by 108% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Israel (X units) and Saudi Arabia (X units) represented the largest exporters of self-propelled earth moving, excavating machinery in 2021, finishing at near 32% and 29% of total exports, respectively. Turkey (X units) ranks next in terms of the total exports with a 13% share, followed by Yemen (9.7%), the United Arab Emirates (5.1%) and Tunisia (4.6%). Bahrain (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +30.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest self-propelled excavating machinery supplier in MENA, comprising 48% of total exports. The second position in the ranking was taken by Turkey ($X), with a 14% share of total exports. It was followed by Tunisia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia totaled -18.2%. In the other countries, the average annual rates were as follows: Turkey (+24.4% per year) and Tunisia (+33.6% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, with an increase of 7.8% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the export price increased by 58%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Israel ($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 (+6.1%), while the other leaders experienced more modest paces of growth.

Self-Propelled Excavating Machinery Imports

Imports in MENA

In 2021, purchases abroad of self-propelled earth moving, excavating machinery decreased by -41.5% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of 188%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, self-propelled excavating machinery imports declined rapidly to $X in 2021. In general, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 42% against the previous year. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of self-propelled earth moving, excavating machinery, namely Egypt, Qatar and Morocco, represented more than two-thirds of total import. Turkey (X units) held a 7.7% share (based on physical terms) of total imports, which put it in second place, followed by Libya (7.6%) and Israel (7.3%). Lebanon (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Morocco (with a CAGR of +21.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest self-propelled excavating machinery importing markets in MENA were Egypt ($X), Turkey ($X) and Qatar ($X), together comprising 54% of total imports.

Among the main importing countries, Egypt, with a CAGR of +40.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, rising by 11% against the previous year. In general, the import price, however, continues to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when the import price increased by 114%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, 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 Turkey ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+21.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform