Saudi Arabia: Concrete Mixer Market 2024

Concrete Mixer Market Size in Saudi Arabia

After two years of growth, the Saudi concrete mixer market decreased by -50.8% to $X in 2021. In general, consumption, however, continues to indicate a notable expansion. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Concrete Mixer Production in Saudi Arabia

In value terms, concrete mixer production fell markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 138% against the previous year. As a result, production attained the peak level of $X, and then contracted notably in the following year.

Concrete Mixer Exports

Exports from Saudi Arabia

In 2021, shipments abroad of concrete or mortar mixers was finally on the rise to reach X units after three years of decline. In general, exports continue to indicate moderate growth. The pace of growth appeared the most rapid in 2017 with an increase of 3,386% 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 lower figure.

In value terms, concrete mixer exports skyrocketed to $X in 2021. Over the period under review, exports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when exports increased by 2,229% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for concrete mixer exports from Saudi Arabia, accounting for a 89% share of total exports. Moreover, concrete mixer exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X units), ninefold.

From 2012 to 2021, the average annual growth rate of volume to the United Arab Emirates stood at +7.4%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for concrete or mortar mixers exports from Saudi Arabia, comprising 70% of total exports. The second position in the ranking was taken by Oman ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled +14.9%.

Export Prices by Country

In 2021, the average concrete mixer export price amounted to $X per unit, declining by -61.8% against the previous year. Overall, the export price, however, posted a strong expansion. The pace of growth was the most pronounced in 2020 when the average export price increased by 118%. As a result, the export price attained the peak level of $X per unit, and then declined rapidly in the following year.

Average prices varied noticeably for the major external markets. In 2021, the country with the highest price was Oman ($X per unit), while the average price for exports to the United Arab Emirates amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+49.2%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Mixer Imports

Imports into Saudi Arabia

In 2021, overseas purchases of concrete or mortar mixers decreased by -69.7% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports recorded a deep setback. The growth pace was the most rapid in 2020 when imports increased by 161%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, concrete mixer imports contracted sharply to $X in 2021. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 73%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Italy (X units) constituted the largest supplier of concrete mixer to Saudi Arabia, accounting for a 42% share of total imports. Moreover, concrete mixer imports from Italy exceeded the figures recorded by the second-largest supplier, Portugal (X units), twofold. The third position in this ranking was held by China (X units), with a 3.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Italy totaled -7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+17.7% per year) and China (-19.5% per year).

In value terms, China ($X), Germany ($X) and Italy ($X) constituted the largest concrete mixer suppliers to Saudi Arabia, with a combined 69% share of total imports. Slovenia and Portugal lagged somewhat behind, together accounting for a further 18%.

In terms of the main suppliers, Slovenia, with a CAGR of +20.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete mixer import price stood at $X per unit in 2021, picking up by 103% against the previous year. In general, the import price saw a temperate increase. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Slovenia ($X per unit), while the price for Portugal ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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