Middle East: Crawler Dozer Market 2024

Crawler Dozer Market Size in the Middle East

The Middle Eastern crawler dozer market contracted to $X in 2022, falling by -6.5% against the previous year. In general, consumption continues to indicate a deep setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Crawler Dozer Production in the Middle East

In value terms, crawler dozer production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production showed a strong increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by 64% against the previous year. The level of production peaked at $X in 2021, and then shrank in the following year.

Crawler Dozer Exports

Exports in the Middle East

In 2022, approx. X units of crawler dozers were exported in the Middle East; with an increase of 19% on the previous year. Over the period under review, exports, however, saw a slight decline. The pace of growth was the most pronounced in 2021 with an increase of 32%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, crawler dozer exports declined to $X in 2022. In general, exports, however, continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 90% 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 lower figure.

Exports by Country

Oman dominates exports structure, reaching X units, which was approx. 74% of total exports in 2022. Turkey (X units) held the second position in the ranking, followed by Kuwait (X units) and the United Arab Emirates (X units). All these countries together took approx. 21% share of total exports. Jordan (X units) followed a long way behind the leaders.

Oman experienced a relatively flat trend pattern with regard to volume of exports of crawler dozers. At the same time, Turkey (+9.7%) and Kuwait (+1.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +9.7% from 2012-2022. By contrast, Jordan (-5.3%) and the United Arab Emirates (-10.6%) illustrated a downward trend over the same period. Oman (+7.8 p.p.), Turkey (+6.2 p.p.) and Kuwait (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -9.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest crawler dozer supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Kuwait ($X), together comprising 68% of total exports.

Among the main exporting countries, Kuwait, with a CAGR of +6.5%, recorded 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 the Middle East stood at $X per unit in 2022, with a decrease of -25.9% against the previous year. Overall, the export price showed a pronounced decline. The pace of growth was the most pronounced in 2014 when the export price increased by 73% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 (+5.2%), while the other leaders experienced more modest paces of growth.

Crawler Dozer Imports

Imports in the Middle East

In 2022, the amount of crawler dozers imported in the Middle East reduced to X units, shrinking by -5.8% on the previous year. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crawler dozer imports reached $X in 2022. Overall, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of 31% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units) and Saudi Arabia (X units) prevails in imports structure, together achieving 73% of total imports. It was distantly followed by Turkey (X units), achieving a 6.8% share of total imports. Oman (X units), Iraq (X units), Kuwait (X units) and Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +5.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest crawler dozer importing markets in the Middle East were Saudi Arabia ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising 81% of total imports.

The United Arab Emirates, with a CAGR of -1.2%, recorded the highest growth rate of the value of imports, in terms of 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, with an increase of 14% against the previous year. In general, the import price, however, continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2018 when the import price increased by 43%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per unit), while Iran ($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 (-0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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