Middle East: Tower And Portal Cranes Market 2020

Tower And Portal Cranes Market Size in Middle East

The revenue of the tower and portal cranes market in Middle East amounted to $X in 2017, jumping by X% against the previous year. The tower and portal cranes consumption continues to indicate a skyrocketing expansion. The most prominent rate of growth was recorded in 2017, with an increase of X% against the previous year. In that year, the tower and portal cranes market attained their peak level, and is likely to continue its growth in the immediate term.

Tower And Portal Cranes Production in Middle East

In 2017, approx. X units of tower cranes and portal or pedestal jib cranes were produced in Middle East; increasing by X% against the previous year. The tower and portal cranes production continues to indicate a skyrocketing expansion. The pace of growth was the most pronounced in 2017, with an increase of X% against the previous year. In that year, the tower and portal cranes production reached their peak volume, and is likely to continue its growth in the immediate term.

Tower And Portal Cranes Exports in Middle East

In 2017, tower and portal cranes exports in Middle East totaled X units, declining by -X% against the previous year. The tower and portal cranes exports continue to indicate a drastic shrinkage. The growth pace was the most rapid in 2012, when it surged by X% y-o-y. Over the period under review, the tower and portal cranes exports reached its maximum volume of X units in 2007; however, from 2008 to 2017, it stood at a somewhat lower level.

In value terms, tower and portal cranes exports stood at $X in 2017. The tower and portal cranes exports continue to indicate a deep deduction. In that year, the tower and portal cranes exports reached their peak level of $X. From 2009 to 2017, growth of the tower and portal cranes exports stood at a somewhat lower level.

Tower And Portal Cranes Exports by Country in Middle East

In 2017, the United Arab Emirates (X units) represented the main exporter for tower cranes and portal or pedestal jib cranes, creating X% of total exports. Saudi Arabia (X units) occupied a X% share (based on tons) of total exports, which put it in second place, followed by Kuwait (X%), Turkey (X%) and Oman (X%). The following exporters - Yemen (X units) and Jordan (X units) each amounted to a X% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -X% from 2007 to 2017. At the same time, Oman (+X%), Jordan (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. By contrast, Yemen (-X%), Saudi Arabia (-X%) and Kuwait (-X%) illustrated a downward trend over the same period. The United Arab Emirates (X%), Kuwait (X%) and Saudi Arabia (X%) significantly strengthened its position in terms of the global exports, while Turkey and Oman saw its share reduced by -X% and -X% from 2007 to 2017, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest tower and portal cranes supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by Saudi Arabia ($X), with a X% share of global exports. It was followed by Kuwait, with a X% share.

From 2007 to 2017, the average annual growth rate of value in the United Arab Emirates amounted to -X%. In the other countries, the average annual rates were as follows: Saudi Arabia (-X% per year) and Kuwait (-X% per year).

Tower And Portal Cranes Export Prices by Country in Middle East

The tower and portal cranes export price in Middle East stood at $X thousand per unit in 2017, rising by X% against the previous year. The export price indicated a strong increase from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the tower and portal cranes export price decreased by -X% against 2015 indices. The pace of growth appeared the most rapid in 2008, when the export prices increased by X% y-o-y. The level of export price peaked of $X thousand per unit in 2015; however, from 2016 to 2017, it stood at a somewhat lower level.

Average export prices varied somewhat amongst the major exporting countries. In 2017, major exporting countries recorded the following export prices: in Yemen ($X thousand per unit) and the United Arab Emirates ($X thousand per unit), while Jordan ($X thousand per unit) and Kuwait ($X thousand per unit) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Saudi Arabia (+X% per year), while the other leaders experienced more modest paces of growth.

Tower And Portal Cranes Imports in Middle East

In 2017, the amount of tower cranes and portal or pedestal jib cranes imported in Middle East stood at X units, going up by X% against the previous year. The tower and portal cranes imports continue to indicate a skyrocketing growth. The growth pace was the most rapid in 2016, when imports increased by X% y-o-y. Over the period under review, the tower and portal cranes imports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, tower and portal cranes imports stood at $X in 2017. The tower and portal cranes imports continue to indicate an abrupt reduction. In that year, the tower and portal cranes imports attained their peak level of $X. From 2010 to 2017, growth of the tower and portal cranes imports failed to regain its momentum.

Tower And Portal Cranes Imports by Country in Middle East

Jordan (X units) represented roughly X% of total imports of tower cranes and portal or pedestal jib cranes in 2017.

Jordan was also the fastest growing in terms of the tower cranes and portal or pedestal jib cranes imports, with a CAGR of +X% from 2007 to 2017. Jordan (-X%) significantly weakened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) constitutes the largest market for imported tower cranes and portal or pedestal jib cranes in Middle East.

In Jordan, tower and portal cranes imports shrank by an average annual rate of -X% over the period from 2007-2017.

Tower And Portal Cranes Import Prices by Country in Middle East

The tower and portal cranes import price in Middle East stood at $X per thousand units in 2017, going down by -X% against the previous year. The tower and portal cranes import price continues to indicate a dramatic decrease. The pace of growth was the most pronounced in 2009, when it surged by X% y-o-y. The level of import price peaked of $X thousand per unit in 2007; however, from 2008 to 2017, it failed to regain its momentum.

As there is only one major export destination, the average price level is determined by import prices for Jordan.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Jordan (-X% per year).

Source: IndexBox Platform