Saudi Arabia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2025

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Saudi Arabia

The Saudi market for equipment for scaffolding, shuttering, propping or pit propping skyrocketed to $X in 2021, rising by 73% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a abrupt decline. Scaffolding, shuttering, and propping equipment consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Saudi Arabia

In 2021, the amount of equipment for scaffolding, shuttering, propping or pit propping exported from Saudi Arabia shrank dramatically to X tons, falling by -35.1% against the year before. Over the period under review, exports, however, enjoyed resilient growth. The pace of growth appeared the most rapid in 2020 with an increase of 278% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports fell to $X in 2021. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 when exports increased by 243%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Saudi Arabia, with a 37% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X tons), twofold. Qatar (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +15.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+102.0% per year) and Qatar (+1.6% per year).

In value terms, the largest markets for scaffolding, shuttering, and propping equipment exported from Saudi Arabia were the United Arab Emirates ($X), China ($X) and Germany ($X), with a combined 81% share of total exports. These countries were followed by Oman, Qatar, Bahrain, South Korea, Sudan and Egypt, which together accounted for a further 9.9%.

Among the main countries of destination, South Korea, with a CAGR of +142.0%, 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 average export price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, surging by 43% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Saudi Arabia

In 2021, scaffolding, shuttering, and propping equipment imports into Saudi Arabia surged to X tons, picking up by 28% against 2020 figures. Over the period under review, imports, however, recorded a drastic downturn. Over the period under review, imports reached the maximum at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, scaffolding, shuttering, and propping equipment imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a deep setback. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of scaffolding, shuttering, and propping equipment to Saudi Arabia, accounting for a 52% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), threefold. China (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-4.3% per year) and China (-17.1% per year).

In value terms, the largest scaffolding, shuttering, and propping equipment suppliers to Saudi Arabia were the United Arab Emirates ($X), China ($X) and Germany ($X), together accounting for 65% of total imports. These countries were followed by India, Egypt, Switzerland, Austria, Spain, Italy and Turkey, which together accounted for a further 32%.

In terms of the main suppliers, Switzerland, with a CAGR of +44.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price, however, recorded a perceptible descent. The pace of growth appeared the most rapid in 2017 when the average import price increased by 9%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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