Saudi Arabia: Market for Mechanical Shovels, Excavators And Shovel Loaders 2025

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Saudi Arabia

The Saudi mechanical shovel and excavator market declined significantly to $X in 2021, with a decrease of -38.6% 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). Overall, consumption saw a deep contraction. Mechanical shovel and excavator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Saudi Arabia

In 2021, shipments abroad of mechanical shovels, excavators and shovel loaders decreased by -12% to X units, falling for the third year in a row after two years of growth. In general, exports saw a dramatic downturn. The growth pace was the most rapid in 2018 when exports increased by 207%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, mechanical shovel and excavator exports contracted slightly to $X in 2021. Overall, exports showed a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 135%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Oman (X units), Sudan (X units) and Egypt (X units) were the main destinations of mechanical shovel and excavator exports from Saudi Arabia, together comprising 68% of total exports. These countries were followed by Nigeria, Tanzania, the United Arab Emirates, Morocco, Italy and Kuwait, which together accounted for a further 32%. Moreover, mechanical shovel and excavator exports in Oman exceeded the figures recorded by the second-largest exporter, Sudan, twofold.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Tanzania (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for mechanical shovels, excavators and shovel loaders exports from Saudi Arabia, comprising 26% of total exports. The second position in the ranking was held by Morocco ($X), with a 12% share of total exports. It was followed by Sudan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates totaled -22.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+97.1% per year) and Sudan (-29.0% per year).

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2021, increasing by 8.3% against the previous year. In general, the export price recorded a remarkable increase. The growth pace was the most rapid in 2016 when the average export price increased by 357%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+97.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Saudi Arabia

In 2021, imports of mechanical shovels, excavators and shovel loaders into Saudi Arabia reduced dramatically to X units, falling by -54.1% against 2020 figures. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 203% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, mechanical shovel and excavator imports skyrocketed to $X in 2021. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2019 when imports increased by 78%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), India (X units) and South Korea (X units) were the main suppliers of mechanical shovel and excavator imports to Saudi Arabia, together comprising 56% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +55.3%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest mechanical shovel and excavator suppliers to Saudi Arabia were China ($X), South Korea ($X) and India ($X), together accounting for 85% of total imports.

In terms of the main suppliers, India, with a CAGR of +35.4%, 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

In 2021, the average mechanical shovel and excavator import price amounted to $X per unit, with an increase of 198% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit 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 Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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