Report Update Nov 1, 2024

Saudi Arabia - Pulley Tackle and Hoists Powered by An Electric Motor - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Market for Pulley Tackle And Hoists Powered By An Electric Motor 2024

Market Size for Pulley Tackle And Hoists Powered By An Electric Motor in Saudi Arabia

The Saudi market for pulley tackle and hoists powered by an electric motor dropped modestly to $X in 2022, with a decrease of -4.7% against the previous year. In general, the total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -12.2% against 2019 indices. Consumption of peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Pulley Tackle And Hoists Powered By An Electric Motor in Saudi Arabia

In value terms, production of pulley tackle and hoists powered by an electric motor reduced to $X in 2022 estimated in export price. Over the period under review, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 60%. Production of peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Pulley Tackle And Hoists Powered By An Electric Motor

Exports from Saudi Arabia

In 2022, exports of pulley tackle and hoists powered by an electric motor from Saudi Arabia soared to X units, rising by 412% compared with the previous year's figure. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 with an increase of 1,294%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, exports of pulley tackle and hoists powered by an electric motor surged to $X in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 930%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

India (X units), Denmark (X units) and South Korea (X units) were the main destinations of exports of pulley tackle and hoists powered by an electric motor from Saudi Arabia, with a combined 73% share of total exports.

From 2015 to 2022, the biggest increases were recorded for Denmark (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, India ($X) emerged as the key foreign market for pulley tackle and hoists powered by an electric motor exports from Saudi Arabia, comprising 54% of total exports. The second position in the ranking was held by Denmark ($X), with a 21% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of value to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and South Korea (-26.2% per year).

Export Prices by Country

In 2022, the average export price for pulley tackle and hoists powered by an electric motor amounted to $X per unit, shrinking by -68.3% against the previous year. Over the period under review, the export price, however, showed strong growth. The growth pace was the most rapid in 2019 an increase of 2,147% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+350.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pulley Tackle And Hoists Powered By An Electric Motor

Imports into Saudi Arabia

In value terms, imports of pulley tackle and hoists powered by an electric motor skyrocketed to $X in 2021. Over the period under review, imports saw strong growth. The most prominent rate of growth was recorded in 2014 when imports increased by 229% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In value terms, the Netherlands ($X), Spain ($X) and Italy ($X) appeared to be the largest pulley tackle and hoists powered by an electric motor suppliers to Saudi Arabia, together accounting for 47% of total imports. Germany, China, the United States and Switzerland lagged somewhat behind, together accounting for a further 41%.

The United States, with a CAGR of +20.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pulley tackle and hoists powered by an electric motor in the world?

The countries with the highest volumes of in 2021 were Indonesia, China and France, with a combined 37% share of global consumption. These countries were followed by Vietnam, South Korea, India, Taiwan Chinese), the United States, Thailand, Canada, Japan, Spain and Germany, which together accounted for a further 36%.

What are the largest producers of pulley tackle and hoists powered by an electric motor in the world?

The countries with the highest volumes of in 2021 were Germany, China and India, together accounting for 80% of global production. These countries were followed by Singapore, the United States and Belgium, which together accounted for a further 8%.

What are the leading importers of pulley tackle and hoists powered by an electric motor from Saudi Arabia?

In value terms, Bahrain and the United Arab Emirates were the largest markets for pulley tackle and hoists powered by an electric motor exported from Saudi Arabia worldwide.

What is the average export price for pulley tackle and hoists powered by an electric motor in Saudi Arabia?

The average export price for pulley tackle and hoists powered by an electric motor stood at $39 per unit in 2021, reducing by -64.7% against the previous year.

This report provides an in-depth analysis of the market for pulley tackle and hoists powered by an electric motor in Saudi Arabia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221130 - Pulley tackle and hoists powered by an electric motor (excluding of the kind used for raising vehicles)

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023