Middle East: Self-Propelled Excavating Machinery Market 2024

Self-Propelled Excavating Machinery Market Size in the Middle East

The Middle Eastern self-propelled excavating machinery market contracted sharply to $X in 2021, with a decrease of -43.8% against the previous year. Over the period under review, consumption continues to indicate a abrupt curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Self-Propelled Excavating Machinery Production in the Middle East

In value terms, self-propelled excavating machinery production rose notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 41% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Self-Propelled Excavating Machinery Exports

Exports in the Middle East

In 2021, approx. X units of self-propelled earth moving, excavating machinery were exported in the Middle East; waning by -33.9% on the previous year. In general, exports showed a deep slump. The growth pace was the most rapid in 2019 with an increase of 177% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, self-propelled excavating machinery exports fell markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 130% against the previous year. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Israel (X units) and Saudi Arabia (X units) were the main exporters of self-propelled earth moving, excavating machinery in the Middle East, together recording near 66% of total exports. It was distantly followed by Turkey (X units), Yemen (X units) and the United Arab Emirates (X units), together making up a 30% share of total exports. Bahrain (X units) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +30.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) remains the largest self-propelled excavating machinery supplier in the Middle East, comprising 55% of total exports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total exports. It was followed by Israel, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value in Saudi Arabia totaled -18.2%. In the other countries, the average annual rates were as follows: Turkey (+24.4% per year) and Israel (-1.2% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, surging by 4.5% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 50% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+6.1%), while the other leaders experienced mixed trends in the export price figures.

Self-Propelled Excavating Machinery Imports

Imports in the Middle East

In 2021, the amount of self-propelled earth moving, excavating machinery imported in the Middle East shrank rapidly to X units, which is down by -70.3% on the year before. In general, imports faced a abrupt setback. The growth pace was the most rapid in 2015 with an increase of 191% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, self-propelled excavating machinery imports dropped notably to $X in 2021. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 59% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Qatar (X units) represented the largest importer of self-propelled earth moving, excavating machinery, mixing up 48% of total imports. Turkey (X units) held a 16% share (based on physical terms) of total imports, which put it in second place, followed by Israel (15%), Lebanon (5.4%) and the United Arab Emirates (5.1%). Iraq (X units) and Kuwait (X units) followed a long way behind the leaders.

Qatar was also the fastest-growing in terms of the self-propelled earth moving, excavating machinery imports, with a CAGR of +20.1% from 2012 to 2021. Israel experienced a relatively flat trend pattern. Turkey (-5.1%), Lebanon (-5.7%), Iraq (-10.7%), the United Arab Emirates (-19.5%) and Kuwait (-31.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Qatar, Israel, Turkey and Lebanon increased by +45, +10, +7.6 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest self-propelled excavating machinery importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Qatar ($X), together comprising 63% of total imports.

In terms of the main importing countries, Qatar, with a CAGR of -2.2%, recorded the highest rates of growth with regard to 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 2021, the import price in the Middle East amounted to $X per unit, with an increase of 45% against the previous year. Over the period under review, the import price, however, showed a noticeable shrinkage. The pace of growth appeared the most rapid in 2020 when the import price increased by 70% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 the United Arab Emirates (+17.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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