Middle East: Public Works Machinery Market 2024

Public Works Machinery Market Size in the Middle East

The Middle Eastern public works machinery market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Public Works Machinery Production in the Middle East

In value terms, public works machinery production soared to $X in 2021 estimated in export price. In general, production posted noticeable growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 66% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Public Works Machinery Exports

Exports in the Middle East

After two years of decline, overseas shipments of machinery for public works and building increased by 35% to X units in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -17.1% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 43% 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, public works machinery exports expanded significantly to $X in 2021. Total exports indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -13.3% against 2019 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 33% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Turkey (X units) was the major exporter of machinery for public works and building, comprising 56% of total exports. It was distantly followed by Kuwait (X units) and the United Arab Emirates (X units), together making up a 33% share of total exports. Yemen (X units) and Syrian Arab Republic (X units) took a little share of total exports.

From 2012 to 2021, average annual rates of growth with regard to public works machinery exports from Turkey stood at +5.7%. At the same time, Kuwait (+92.4%) and Yemen (+51.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +92.4% from 2012-2021. By contrast, Syrian Arab Republic (-2.6%) and the United Arab Emirates (-4.1%) illustrated a downward trend over the same period. While the share of Kuwait (+21 p.p.) and Yemen (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Syrian Arab Republic (-2.2 p.p.) and the United Arab Emirates (-17 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest public works machinery supplier in the Middle East, comprising 82% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.1% share of total exports. It was followed by Yemen, with a 2.9% share.

In Turkey, public works machinery exports expanded at an average annual rate of +3.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+0.5% per year) and Yemen (+50.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, reducing by -18.7% against the previous year. Overall, the export price recorded a noticeable decrease. The pace of growth appeared the most rapid in 2016 an increase of 67% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Syrian Arab Republic (+10.4%), while the other leaders experienced mixed trends in the export price figures.

Public Works Machinery Imports

Imports in the Middle East

Public works machinery imports contracted to X units in 2021, falling by -13.6% compared with the previous year's figure. Overall, imports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 141% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, public works machinery imports fell to $X in 2021. In general, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Qatar (X units) represented roughly 98% of total imports in 2021.

Qatar was also the fastest-growing in terms of the machinery for public works and building imports, with a CAGR of +2.7% from 2012 to 2021. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Qatar ($X) constitutes the largest market for imported machinery for public works and building in the Middle East.

In Qatar, public works machinery imports plunged by an average annual rate of -1.3% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, with an increase of 8.1% against the previous year. Overall, the import price, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2013 when the import price increased by 80%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for Qatar amounted to -3.8% per year.

Source: IndexBox Platform

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