Middle East: Crane Market 2025

Crane Market Size in the Middle East

The Middle Eastern crane market was estimated at $X in 2022, rising by 2.8% against the previous year. In general, consumption showed a slight curtailment. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Crane Production in the Middle East

In value terms, crane production dropped rapidly to $X in 2022 estimated in export price. In general, production saw resilient growth. The growth pace was the most rapid in 2015 when the production volume increased by 76%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Crane Exports

Exports in the Middle East

In 2022, exports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the Middle East amounted to X units, remaining stable against 2021. In general, exports, however, continue to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2015 with an increase of 58% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, crane exports rose modestly to $X in 2022. Over the period under review, exports, however, recorded a noticeable contraction. The pace of growth appeared the most rapid in 2015 with an increase of 38%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X units), Saudi Arabia (X units) and the United Arab Emirates (X units) was the major exporter of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the Middle East, making up 96% of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Turkey (with a CAGR of +3.6%), while the other leaders experienced a decline in the exports figures.

In value terms, Turkey ($X) remains the largest crane supplier in the Middle East, comprising 48% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 24% share of total exports.

In Turkey, crane exports expanded at an average annual rate of +2.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (-4.3% per year) and Saudi Arabia (-5.0% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, surging by 3.1% against the previous year. In general, the export price, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2018 an increase of 12%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, 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 Turkey ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (-1.2%), while the other leaders experienced a decline in the export price figures.

Crane Imports

Imports in the Middle East

In 2022, imports of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the Middle East contracted slightly to X units, declining by -1.5% against 2021 figures. Overall, imports showed a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of 21% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crane imports expanded significantly to $X in 2022. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2013 when imports increased by 15%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) and Israel (X units) represented the key importers of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane in the Middle East, together creating 53% of total imports. Turkey (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (8.2%), Oman (8%) and Kuwait (4.6%). Qatar (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Israel (with a CAGR of +13.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest crane importing markets in the Middle East were Israel ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising 60% of total imports.

In terms of the main importing countries, Israel, with a CAGR of +13.7%, saw the highest growth rate of the value of imports, 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, growing by 7.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the import price increased by 26%. The level of import peaked at $X per unit in 2014; however, from 2015 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 ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+15.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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