Middle East: Crawler Tractor Market 2024

Crawler Tractor Market Size in the Middle East

In 2021, the Middle Eastern crawler tractor market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, continues to indicate a noticeable reduction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Crawler Tractor Production in the Middle East

In value terms, crawler tractor production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Crawler Tractor Exports

Exports in the Middle East

In 2021, overseas shipments of crawler tractors decreased by -21.2% to X units, falling for the third year in a row after three years of growth. Over the period under review, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2016 with an increase of 113% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, crawler tractor exports declined markedly to $X in 2021. Overall, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 184% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Iran (X units) represented the key exporter of crawler tractors, making up 60% of total exports. It was distantly followed by Kuwait (X units), Oman (X units), Turkey (X units) and the United Arab Emirates (X units), together mixing up a 35% share of total exports. Jordan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to crawler tractor exports from Iran stood at +14.6%. At the same time, Oman (+40.9%), Kuwait (+35.1%) and Turkey (+9.9%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +40.9% from 2012-2021. By contrast, the United Arab Emirates (-5.1%) and Jordan (-15.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Iran, Kuwait and Oman increased by +25, +12 and +10 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) remains the largest crawler tractor supplier in the Middle East, comprising 68% of total exports. The second position in the ranking was taken by Oman ($X), with a 16% share of total exports. It was followed by Kuwait, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Iran totaled +15.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+55.8% per year) and Kuwait (+28.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, waning by -14.2% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by 38% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+9.8%), while the other leaders experienced more modest paces of growth.

Crawler Tractor Imports

Imports in the Middle East

In 2021, approx. X units of crawler tractors were imported in the Middle East; picking up by 29% on 2020 figures. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 932%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, crawler tractor imports soared to $X in 2021. Overall, imports enjoyed moderate growth. The pace of growth was the most pronounced in 2017 with an increase of 76%. Over the period under review, imports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, Iraq (X units) and Saudi Arabia (X units) represented the main importer of crawler tractors in the Middle East, mixing up 99% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Saudi Arabia (with a CAGR of +107.0%).

In value terms, Saudi Arabia ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2021.

In terms of the main importing countries, Saudi Arabia, with a CAGR of +45.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, which is down by -3.8% against the previous year. In general, the import price continues to indicate a precipitous descent. The growth pace was the most rapid in 2015 when the import price increased by 155% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per unit), while Iraq stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (-10.5%).

Source: IndexBox Platform

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