Middle East: Concrete Pump Market 2024

Concrete Pump Market Size in the Middle East

In 2021, the Middle Eastern concrete pump market increased by 231% to $X, rising for the third year in a row after three years of decline. In general, consumption posted buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Concrete Pump Production in the Middle East

In value terms, concrete pump production surged to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a prominent increase. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Concrete Pump Exports

Exports in the Middle East

In 2021, approx. X units of concrete pumps were exported in the Middle East; increasing by 44% compared with 2020 figures. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 96%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, concrete pump exports soared to $X in 2021. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 53%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Turkey dominates exports structure, reaching X units, which was near 88% of total exports in 2021. It was distantly followed by Israel (X units), comprising a 4.6% share of total exports. The United Arab Emirates (X units) and Saudi Arabia (X units) took a little share of total exports.

Turkey was also the fastest-growing in terms of the concrete pumps exports, with a CAGR of +21.9% from 2012 to 2021. At the same time, Israel (+13.0%) displayed positive paces of growth. By contrast, the United Arab Emirates (-3.3%) and Saudi Arabia (-5.5%) illustrated a downward trend over the same period. Turkey (+42 p.p.) significantly strengthened its position in terms of the total exports, while Saudi Arabia and the United Arab Emirates saw its share reduced by -6.9% and -12% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest concrete pump supplier in the Middle East, comprising 93% of total exports. The second position in the ranking was taken by Israel ($X), with a 2.2% share of total exports. It was followed by the United Arab Emirates, with a 1.6% share.

In Turkey, concrete pump exports increased at an average annual rate of +25.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (+14.1% per year) and the United Arab Emirates (-8.9% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, falling by -3.3% against the previous year. Export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concrete pump export price increased by +74.2% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 39% against the previous year. The level of export peaked at $X per unit in 2020, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, 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 Saudi Arabia (+4.1%), while the other leaders experienced more modest paces of growth.

Concrete Pump Imports

Imports in the Middle East

For the third consecutive year, the Middle East recorded growth in overseas purchases of concrete pumps, which increased by 240% to X units in 2021. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, concrete pump imports soared to $X in 2021. In general, imports, however, recorded a abrupt setback. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Saudi Arabia (X units) represented roughly 97% of total imports in 2021.

Saudi Arabia was also the fastest-growing in terms of the concrete pumps imports, with a CAGR of +38.3% from 2012 to 2021. Saudi Arabia (+45 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported concrete pumps in the Middle East.

In Saudi Arabia, concrete pump imports plunged by an average annual rate of -7.7% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, which is down by -59.8% against the previous year. Over the period under review, the import price recorded a precipitous decrease. The most prominent rate of growth was recorded in 2016 an increase of 48% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Saudi Arabia.

From 2012 to 2021, the rate of growth in terms of prices for Saudi Arabia amounted to -33.3% per year.

Source: IndexBox Platform

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