MENA: Wheeled Loader Market 2024

Wheeled Loader Market Size in MENA

The MENA's wheeled loader market rose sharply to $X in 2021, with an increase of 13% against the previous year. In general, consumption, however, showed a deep reduction. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Wheeled Loader Production in MENA

In value terms, wheeled loader production declined to $X in 2021 estimated in export price. Over the period under review, production saw a pronounced decrease. The most prominent rate of growth was recorded in 2018 with an increase of 28%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Wheeled Loader Exports

Exports in MENA

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders exported in MENA rose remarkably to X units, picking up by 15% against the previous year's figure. Total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.2% against 2019 indices. The pace of growth was the most pronounced in 2014 when exports increased by 42%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, wheeled loader exports surged to $X in 2021. In general, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Turkey (X units), the United Arab Emirates (X units) and Kuwait (X units) represented the key exporter of wheeled loaders, crawler shovel loaders, front-end loaders in MENA, mixing up 78% of total export. It was distantly followed by Oman (X units), making up a 13% share of total exports. Israel (X units) and Morocco (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of +86.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest wheeled loader supplying countries in MENA were Turkey ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 84% share of total exports. These countries were followed by Kuwait, Israel and Morocco, which together accounted for a further 12%.

In terms of the main exporting countries, Kuwait, with a CAGR of +70.6%, saw 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

The export price in MENA stood at $X per unit in 2021, increasing by 7.3% against the previous year. In general, the export price, however, recorded a slight reduction. The most prominent rate of growth was recorded in 2015 an increase of 49% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+6.7%), while the other leaders experienced more modest paces of growth.

Wheeled Loader Imports

Imports in MENA

In 2021, approx. X units of wheeled loaders, crawler shovel loaders, front-end loaders were imported in MENA; rising by 17% compared with 2020 figures. Over the period under review, imports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 5,555%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wheeled loader imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt decrease. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the twelve major importers of wheeled loaders, crawler shovel loaders, front-end loaders, namely Saudi Arabia, the United Arab Emirates, Egypt, Israel, Turkey, Iraq, Morocco, Libya, Qatar, Iran, Oman and Tunisia, represented more than two-thirds of total import.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +6.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, with a combined 48% share of total imports. Egypt, Israel, Morocco, Iraq, Qatar, Oman, Iran, Libya and Tunisia lagged somewhat behind, together comprising a further 47%.

Israel, with a CAGR of +5.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 1,964% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per unit), while Libya ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+2.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform