Middle East: Pile-Driver Market 2024

Pile-Driver Market Size in the Middle East

The Middle Eastern pile-driver market skyrocketed to $X in 2021, picking up by 29% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Pile-Driver Production in the Middle East

In value terms, pile-driver production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, showed a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 10%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Pile-Driver Exports

Exports in the Middle East

In 2021, overseas shipments of pile-drivers and pile-extractors were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, pile-driver exports surged to $X in 2021. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) and Saudi Arabia (X units) prevails in exports structure, together mixing up 76% of total exports. Kuwait (X units) took a 6.6% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (5.7%) and the United Arab Emirates (4.6%). The following exporters - Oman (X units) and Israel (X units) - together made up 6.4% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Kuwait (with a CAGR of +45.9%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest pile-driver supplier in the Middle East, comprising 58% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 20% share of total exports. It was followed by the United Arab Emirates, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +43.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (+21.2% per year) and the United Arab Emirates (+8.5% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, picking up by 5.6% against the previous year. Export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, pile-driver export price increased by +68.7% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 57%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+9.3%), while the other leaders experienced more modest paces of growth.

Pile-Driver Imports

Imports in the Middle East

In 2021, the amount of pile-drivers and pile-extractors imported in the Middle East soared to X units, with an increase of 76% against the previous year's figure. Overall, imports showed a measured increase. The pace of growth appeared the most rapid in 2018 when imports increased by 172%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, pile-driver imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 203%. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, finishing at X units, which was near 78% of total imports in 2021. It was distantly followed by Iraq (X units), creating a 4.8% share of total imports. Jordan (X units), Oman (X units), Lebanon (X units), Bahrain (X units) and Israel (X units) held a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +28.6% from 2012 to 2021. At the same time, Israel (+33.0%), Jordan (+23.7%), Bahrain (+16.1%) and Iraq (+10.4%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +33.0% from 2012-2021. By contrast, Oman (-9.1%) and Lebanon (-24.9%) illustrated a downward trend over the same period. The United Arab Emirates (+66 p.p.), Jordan (+3.3 p.p.), Iraq (+1.9 p.p.) and Israel (+1.5 p.p.) significantly strengthened its position in terms of the total imports, while Oman and Lebanon saw its share reduced by -8.5% and -50.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pile-drivers and pile-extractors in the Middle East, comprising 57% of total imports. The second position in the ranking was held by Jordan ($X), with a 3.1% share of total imports. It was followed by Iraq, with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +24.4%. In the other countries, the average annual rates were as follows: Jordan (+13.8% per year) and Iraq (+4.4% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, dropping by -8.2% against the previous year. In general, the import price, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2017 when the import price increased by 116% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Israel ($X per unit), while Lebanon ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (-0.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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