Middle East: Wheeled Loader Market 2024

Wheeled Loader Market Size in the Middle East

In 2021, the Middle Eastern wheeled loader market increased by 14% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, recorded a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wheeled Loader Production in the Middle East

In value terms, wheeled loader production shrank to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2018 when the production volume increased by 28%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Wheeled Loader Exports

Exports in the Middle East

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders exported in the Middle East soared to X units, surging by 22% compared with the previous year. Total exports indicated a temperate expansion from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -30.8% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 51% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, wheeled loader exports soared to $X in 2021. Total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -32.9% against 2018 indices. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X units), the United Arab Emirates (X units) and Kuwait (X units) represented the largest exporter of wheeled loaders, crawler shovel loaders, front-end loaders in the Middle East, generating 81% of total export. It was distantly followed by Oman (X units), mixing up a 13% share of total exports. Israel (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Kuwait (with a CAGR of +86.3%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Oman ($X) constituted the countries with the highest levels of exports in 2021, with a combined 86% share of total exports. These countries were followed by Kuwait and Israel, which together accounted for a further 10%.

Among the main exporting countries, Kuwait, with a CAGR of +70.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, surging by 8.1% against the previous year. Overall, the export price, however, continues to indicate a perceptible downturn. The growth pace was the most rapid in 2015 when the export price increased by 52% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 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, 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 Oman (+6.7%), while the other leaders experienced mixed trends in the export price figures.

Wheeled Loader Imports

Imports in the Middle East

In 2021, purchases abroad of wheeled loaders, crawler shovel loaders, front-end loaders was finally on the rise to reach X units after five years of decline. Overall, imports, however, recorded a drastic downturn. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wheeled loader imports surged to $X in 2021. In general, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of wheeled loader imports in 2021 were Saudi Arabia (X units), the United Arab Emirates (X units), Israel (X units), Turkey (X units) and Iraq (X units), together recording 83% of total import. The following importers - Qatar (X units) and Iran (X units) - each finished at an 8.2% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +6.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of imports in 2021, with a combined 64% share of total imports. Israel, Iraq, Qatar and Iran lagged somewhat behind, together comprising a further 29%.

Israel, with a CAGR of +5.2%, recorded the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in the Middle East amounted to $X per unit, stabilizing at the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 19%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+0.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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