MENA: Market for Mechanical Shovels, Excavators And Shovel Loaders 2025

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in MENA

In 2021, the MENA's mechanical shovel and excavator market was finally on the rise to reach $X after six years of decline. Over the period under review, consumption, however, showed a drastic downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Mechanical Shovels, Excavators And Shovel Loaders in MENA

In value terms, mechanical shovel and excavator production rose sharply to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 54%. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in MENA

In 2021, approx. X units of mechanical shovels, excavators and shovel loaders were exported in MENA; growing by 13% on 2020 figures. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 46% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Over the period under review, exports enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 with an increase of 49% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X units) represented the major exporter of mechanical shovels, excavators and shovel loaders, achieving 71% of total exports. It was distantly followed by the United Arab Emirates (X units) and Oman (X units), together creating a 21% share of total exports. Kuwait (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to mechanical shovel and excavator exports from Turkey stood at +14.4%. At the same time, Kuwait (+50.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in MENA, with a CAGR of +50.8% from 2012-2021. Oman experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-3.7%) illustrated a downward trend over the same period. While the share of Turkey (+35 p.p.) and Kuwait (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Oman (-5.8 p.p.) and the United Arab Emirates (-16.1 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest mechanical shovel and excavator supplier in MENA, comprising 77% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by Oman, with a 7.3% share.

In Turkey, mechanical shovel and excavator exports expanded at an average annual rate of +13.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-2.1% per year) and Oman (-0.0% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, rising by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The pace of growth was the most pronounced in 2014 an increase of 20%. Over the period under review, the export prices reached the maximum in 2021 and is likely to see steady growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in MENA

Mechanical shovel and excavator imports fell to X units in 2021, remaining relatively unchanged against 2020 figures. Overall, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by 76%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2021. In general, imports continue to indicate a abrupt contraction. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units), Saudi Arabia (X units), Turkey (X units) and Israel (X units) represented the largest importer of mechanical shovels, excavators and shovel loaders in MENA, achieving 65% of total import. It was distantly followed by Egypt (X units), Morocco (X units) and Iraq (X units), together generating a 17% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Israel (with a CAGR of +7.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2021, with a combined 56% share of total imports. Israel, Morocco, Egypt and Iraq lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, Israel, with a CAGR of +5.3%, 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 mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, with an increase of 43% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decrease. Over the period under review, import prices hit record highs 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 ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+3.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform