Middle East: Bulldozer Market 2024

Bulldozer Market Size in the Middle East

The Middle Eastern bulldozer market fell rapidly to $X in 2022, shrinking by -85.1% against the previous year. In general, consumption saw a abrupt decline. As a result, consumption reached the peak level of $X, and then reduced remarkably in the following year.

Bulldozer Production in the Middle East

In value terms, bulldozer production surged to $X in 2022 estimated in export price. Over the period under review, production enjoyed a prominent expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 33%. Over the period under review, production hit record highs in 2022 and is likely to see gradual growth in the near future.

Bulldozer Exports

Exports in the Middle East

In 2022, approx. X units of bulldozers and angle dozers were exported in the Middle East; with an increase of 10% against 2021. Overall, exports, however, saw a pronounced descent. The pace of growth appeared the most rapid in 2019 with an increase of 40% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, bulldozer exports declined to $X in 2022. In general, exports, however, recorded a perceptible slump. The pace of growth was the most pronounced in 2015 with an increase of 41% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Oman prevails in exports structure, resulting at X units, which was near 60% of total exports in 2022. Kuwait (X units) held a 9.5% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (7.7%), the United Arab Emirates (6.9%) and Jordan (4.9%). The following exporters - Bahrain (X units) and Saudi Arabia (X units) - together made up 7.5% of total exports.

Oman experienced a relatively flat trend pattern with regard to volume of exports of bulldozers and angle dozers. At the same time, Bahrain (+10.8%) and Turkey (+4.4%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +10.8% from 2012-2022. By contrast, Kuwait (-1.6%), Saudi Arabia (-7.2%), the United Arab Emirates (-8.2%) and Jordan (-8.6%) illustrated a downward trend over the same period. Oman (+9.3 p.p.), Turkey (+3.7 p.p.) and Bahrain (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia, Jordan and the United Arab Emirates saw its share reduced by -2.1%, -4.8% and -6.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest bulldozer supplying countries in the Middle East were the United Arab Emirates ($X), Kuwait ($X) and Turkey ($X), together comprising 61% of total exports. Oman, Jordan, Saudi Arabia and Bahrain lagged somewhat behind, together accounting for a further 36%.

Bahrain, with a CAGR of +7.5%, saw the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in the Middle East amounted to $X per unit, shrinking by -20.3% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth appeared the most rapid in 2015 when the export price increased by 55%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+5.7%), while the other leaders experienced more modest paces of growth.

Bulldozer Imports

Imports in the Middle East

In 2022, bulldozer imports in the Middle East declined dramatically to X units, reducing by -85.4% against 2021 figures. Over the period under review, imports faced a deep setback. The growth pace was the most rapid in 2021 with an increase of 571% against the previous year. As a result, imports reached the peak of X units, and then shrank significantly in the following year.

In value terms, bulldozer imports expanded modestly to $X in 2022. In general, imports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 25% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Saudi Arabia (X units), Yemen (X units), Turkey (X units) and Jordan (X units) represented the main importers of bulldozers and angle dozers, together mixing up 78% of total imports. The following importers - Kuwait (X units), Oman (X units), Iraq (X units), Israel (X units) and Iran (X units) - together made up 18% of total imports.

From 2012 to 2022, the biggest increases were recorded for Yemen (with a CAGR of +11.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Turkey ($X) were the countries with the highest levels of imports in 2022, with a combined 76% share of total imports. Oman, Jordan, Iraq, Kuwait, Yemen, Iran and Israel lagged somewhat behind, together comprising a further 21%.

Yemen, with a CAGR of +8.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, picking up by 598% against the previous year. In general, the import price showed a relatively flat trend pattern. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, 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 2022, the most notable rate of growth in terms of prices was attained by Iraq (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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