Qatar: Crane Market 2024

Crane Market Size in Qatar

In 2022, after two years of growth, there was significant decline in the Qatari crane market, when its value decreased by -38.2% to $X. In general, consumption showed a abrupt decrease. Crane consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Crane Production in Qatar

In value terms, crane production fell notably to $X in 2022 estimated in export price. Overall, production saw a pronounced contraction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 53%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Crane Exports

Exports from Qatar

For the fourth consecutive year, Qatar recorded decline in overseas shipments of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane, which decreased by -46.6% to X units in 2021. In general, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, crane exports contracted rapidly to $X in 2021. Over the period under review, exports saw a deep reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 47%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) was the main destination for crane exports from Qatar, with a 53% share of total exports. Moreover, crane exports to the United Arab Emirates exceeded the volume sent to the second major destination, Kuwait (X units), threefold. Saudi Arabia (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2015, the average annual growth rate of volume to the United Arab Emirates totaled +19.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+41.6% per year) and Saudi Arabia (-20.7% per year).

In value terms, the largest markets for crane exported from Qatar were the United Arab Emirates ($X), Kuwait ($X) and Saudi Arabia ($X), together comprising 86% of total exports. Chile, Oman, India and Pakistan lagged somewhat behind, together accounting for a further 9.3%.

Pakistan, with a CAGR of +96.4%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crane export price stood at $X per unit in 2015, stabilizing at the previous year. In general, the export price saw a dramatic downturn. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2015, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2015, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (-19.0%), while the prices for the other major destinations experienced a decline.

Crane Imports

Imports into Qatar

In 2022, purchases abroad of derricks, cranes, mobile lifting frames, straddle carriers and work trucks fitted with a crane decreased by -63% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports faced a sharp slump. The most prominent rate of growth was recorded in 2021 when imports increased by 154% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crane imports reduced sharply to $X in 2022. In general, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by 72%. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest crane supplier to Qatar, with a 64% share of total imports. Moreover, crane imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X units), sixfold. The third position in this ranking was taken by the United States (X units), with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.6% per year) and the United States (-12.1% per year).

In value terms, the largest crane suppliers to Qatar were Japan ($X), China ($X) and Germany ($X), together accounting for 67% of total imports.

Among the main suppliers, Japan, with a CAGR of +4.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average crane import price amounted to $X per unit, picking up by 16% against the previous year. Over the period under review, the import price showed a buoyant expansion. The growth pace was the most rapid in 2013 an increase of 427%. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+304.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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