Middle East: Scrapers Excavator Market 2024

Scrapers Excavator Market Size in the Middle East

The Middle Eastern scrapers excavator market reduced to $X in 2022, waning by -7.8% against the previous year. In general, consumption showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Scrapers Excavator Production in the Middle East

In value terms, scrapers excavator production reduced to $X in 2022 estimated in export price. In general, production showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Scrapers Excavator Exports

Exports in the Middle East

Scrapers excavator exports contracted to X units in 2022, waning by -5.8% compared with the year before. Over the period under review, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 60% against the previous year. The volume of export peaked at X units in 2021, and then contracted in the following year.

In value terms, scrapers excavator exports reached $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +24.1% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was near 90% of total exports in 2022. The following exporters - the United Arab Emirates (X units) and Oman (X units) - each recorded an 8.6% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to scrapers excavator exports from Turkey stood at +9.7%. At the same time, Oman (+24.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +24.7% from 2012-2022. By contrast, the United Arab Emirates (-2.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Oman increased by +26 and +3.3 percentage points, respectively.

In value terms, Turkey ($X) remains the largest scrapers excavator supplier in the Middle East, comprising 85% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +9.7%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+10.5% per year) and Oman (+16.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, rising by 7.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 19%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+13.7%), while the other leaders experienced mixed trends in the export price figures.

Scrapers Excavator Imports

Imports in the Middle East

In 2022, supplies from abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) decreased by -1.2% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, imports recorded a noticeable downturn. The growth pace was the most rapid in 2018 when imports increased by 66%. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, scrapers excavator imports contracted to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 39% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The purchases of the eight major importers of scrapers earth moving, excavating, extracting machinery (not self-propelled), namely Turkey, Oman, the United Arab Emirates, Kuwait, Israel, Qatar, Iraq and Lebanon, represented more than two-thirds of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +29.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest scrapers excavator importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Israel ($X), together accounting for 50% of total imports. Oman, Kuwait, Qatar, Iraq and Lebanon lagged somewhat behind, together accounting for a further 33%.

Kuwait, with a CAGR of +8.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, with a decrease of -7.8% against the previous year. Over the period under review, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2014 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lebanon (+1.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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