MENA: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in MENA

After four years of decline, the MENA's market for equipment for scaffolding, shuttering, propping or pit propping increased by 11% to $X in 2021. The total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -24.8% against 2016 indices. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in MENA

In value terms, scaffolding, shuttering, and propping equipment production soared to $X in 2021 estimated in export price. In general, production showed a remarkable increase. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports in MENA

Scaffolding, shuttering, and propping equipment exports surged to X tons in 2021, picking up by 25% compared with 2020 figures. Total exports indicated temperate growth from 2012 to 2021: its volume increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +34.1% against 2017 indices. The pace of growth was the most pronounced in 2013 when exports increased by 31% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2021. Total exports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) and Turkey (X tons) prevails in exports structure, together achieving 76% of total exports. It was distantly followed by Tunisia (X tons), creating an 8.3% share of total exports. Oman (X tons), Egypt (X tons), Saudi Arabia (X tons) and Kuwait (X tons) took a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +52.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Tunisia ($X) were the countries with the highest levels of exports in 2021, with a combined 86% share of total exports. Egypt, Saudi Arabia, Kuwait and Oman lagged somewhat behind, together comprising a further 11%.

Kuwait, with a CAGR of +44.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 ton in 2021, increasing by 16% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Egypt ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+4.3%), while the other leaders experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports in MENA

In 2021, after five years of decline, there was growth in purchases abroad of equipment for scaffolding, shuttering, propping or pit propping, when their volume increased by 0.5% to X tons. Over the period under review, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2015 with an increase of 39% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports expanded markedly to $X in 2021. In general, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 with an increase of 24% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of scaffolding, shuttering, and propping equipment imports in 2021 were the United Arab Emirates (X tons), Saudi Arabia (X tons) and Qatar (X tons), together recording 47% of total import. Israel (X tons) took the next position in the ranking, followed by Morocco (X tons), Iraq (X tons) and Turkey (X tons). All these countries together took approx. 31% share of total imports. The following importers - Kuwait (X tons), Egypt (X tons), Oman (X tons), Libya (X tons), Algeria (X tons) and Bahrain (X tons) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest scaffolding, shuttering, and propping equipment importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Morocco ($X), with a combined 44% share of total imports. Israel, Qatar, Turkey, Iraq, Egypt, Kuwait, Algeria, Libya, Oman and Bahrain lagged somewhat behind, together comprising a further 52%.

In terms of the main importing countries, Israel, with a CAGR of +14.8%, recorded the highest rates of growth with regard to 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

The import price in MENA stood at $X per ton in 2021, growing by 14% against the previous year. In general, the import price saw a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; afterwards, it flattened through to 2021.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform