Middle East: Market for Mechanical Shovels, Excavators And Shovel Loaders 2025

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in the Middle East

The Middle Eastern mechanical shovel and excavator market skyrocketed to $X in 2021, growing by 19% against the previous year. Over the period under review, consumption, however, recorded a abrupt contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Mechanical Shovels, Excavators And Shovel Loaders in the Middle East

In value terms, mechanical shovel and excavator production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 54%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports in the Middle East

In 2021, the amount of mechanical shovels, excavators and shovel loaders exported in the Middle East rose remarkably to X units, increasing by 15% against the previous year. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 49% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator exports soared to $X in 2021. In general, exports showed buoyant growth. The growth pace was the most rapid in 2018 with an increase of 51%. The level of export peaked 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 largest exporter of mechanical shovels, excavators and shovel loaders, constituting 72% of total exports. The United Arab Emirates (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Oman (9.1%). Kuwait (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +14.4% from 2012 to 2021. At the same time, Kuwait (+50.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +50.8% from 2012-2021. Oman experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-3.7%) illustrated a downward trend over the same period. While the share of Turkey (+33 p.p.) and Kuwait (+3.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Oman (-7.3 p.p.) and the United Arab Emirates (-18.8 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest mechanical shovel and excavator supplier in the Middle East, comprising 78% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 10% share of total exports. It was followed by Oman, with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled +13.3%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-2.1% per year) and Oman (-0.0% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, with an increase of 15% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 18%. Over the period under review, the export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

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 the United Arab Emirates (+1.6%), while the other leaders experienced a decline in the export price figures.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports in the Middle East

Mechanical shovel and excavator imports amounted to X units in 2021, approximately equating 2020. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 54%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, mechanical shovel and excavator imports soared to $X in 2021. In general, imports, however, continue to indicate a abrupt setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units), Saudi Arabia (X units), Turkey (X units) and Israel (X units) was the main importer of mechanical shovels, excavators and shovel loaders in the Middle East, making up 79% of total import. Iraq (X units) held a 6.1% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (4.8%). Oman (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Israel (with a CAGR of +7.9%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest mechanical shovel and excavator importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), with a combined 67% share of total imports. These countries were followed by Israel, Qatar, Iraq and Oman, which together accounted for a further 28%.

Israel, with a CAGR of +5.3%, saw the highest rates of growth with regard to the value of imports, among 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

The import price in the Middle East stood at $X per unit in 2021, with an increase of 52% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. Over the period under review, import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2021, 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 ($X per unit), while the United Arab Emirates ($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 (+0.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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