Saudi Arabia: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in Saudi Arabia

The Saudi pedestrian-controlled tractor market skyrocketed to $X in 2022, with an increase of 16% against the previous year. Over the period under review, consumption posted a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Pedestrian-Controlled Tractor Production in Saudi Arabia

In value terms, pedestrian-controlled tractor production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a strong expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 92%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Pedestrian-Controlled Tractor Exports

Exports from Saudi Arabia

In 2021, the amount of pedestrian-controlled tractors exported from Saudi Arabia soared to X units, picking up by 103% compared with 2020. Overall, exports saw measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 247%. The exports peaked in 2021 and are likely to continue growth in the near future.

In value terms, pedestrian-controlled tractor exports fell markedly to $X in 2021. In general, exports, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 327% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for pedestrian-controlled tractor exports from Saudi Arabia, with a 77% share of total exports. Moreover, pedestrian-controlled tractor exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X units), sevenfold. The third position in this ranking was taken by Sudan (X units), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +72.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Sudan (-18.3% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for pedestrian-controlled tractors exports from Saudi Arabia, comprising 78% of total exports. The second position in the ranking was taken by Oman ($X), with a 14% share of total exports. It was followed by Sudan, with a 7.4% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates totaled -49.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (0.0% per year) and Sudan (-28.0% per year).

Export Prices by Country

The average pedestrian-controlled tractor export price stood at $X per unit in 2021, shrinking by -69.5% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 80% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Turkey ($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 Sudan (-11.8%), while the prices for the other major destinations experienced a decline.

Pedestrian-Controlled Tractor Imports

Imports into Saudi Arabia

Pedestrian-controlled tractor imports into Saudi Arabia shrank significantly to X units in 2022, waning by -22.3% compared with the year before. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 190% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, pedestrian-controlled tractor imports contracted sharply to $X in 2022. Overall, imports saw a deep setback. The most prominent rate of growth was recorded in 2021 when imports increased by 264% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units) and Germany (X units) were the main suppliers of pedestrian-controlled tractor imports to Saudi Arabia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +13.5%).

In value terms, Germany ($X) constituted the largest supplier of pedestrian-controlled tractors to Saudi Arabia, comprising 62% of total imports. The second position in the ranking was taken by the United States ($X), with a 30% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at +7.3%.

Import Prices by Country

In 2022, the average pedestrian-controlled tractor import price amounted to $X per unit, shrinking by -18% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 150% against the previous year. The import price peaked at $X per unit in 2021, and then declined remarkably in the following year.

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 United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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