Saudi Arabia: Wheeled Loader Market 2024

Wheeled Loader Market Size in Saudi Arabia

The Saudi wheeled loader market fell to $X in 2021, shrinking by -8.8% 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, however, showed a abrupt curtailment. Wheeled loader consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Wheeled Loader Exports

Exports from Saudi Arabia

In 2021, overseas shipments of wheeled loaders, crawler shovel loaders, front-end loaders decreased by -35% to X units, falling for the third year in a row after two years of growth. Overall, exports showed a dramatic setback. The pace of growth was the most pronounced in 2017 when exports increased by 583% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, wheeled loader exports declined dramatically to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 671% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Sudan (X units), Egypt (X units) and Morocco (X units) were the main destinations of wheeled loader exports from Saudi Arabia.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of +36.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheeled loader exported from Saudi Arabia were Morocco ($X), Sudan ($X) and Egypt ($X).

Egypt, with a CAGR of +28.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average wheeled loader export price stood at $X per unit in 2021, dropping by -4% against the previous year. Over the period under review, export price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wheeled loader export price increased by +45.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 52% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while the average price for exports to Jordan ($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 Qatar (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Loader Imports

Imports into Saudi Arabia

In 2021, the amount of wheeled loaders, crawler shovel loaders, front-end loaders imported into Saudi Arabia expanded to X units, rising by 3% on 2020. Overall, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 11%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, wheeled loader imports reduced to $X in 2021. Over the period under review, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2019 with an increase of 60% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest wheeled loader supplier to Saudi Arabia, accounting for a 34% share of total imports. Moreover, wheeled loader imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), threefold. The United States (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (-14.0% per year) and the United States (-23.7% per year).

In value terms, China ($X) constituted the largest supplier of wheeled loaders, crawler shovel loaders, front-end loaders to Saudi Arabia, comprising 46% of total imports. The second position in the ranking was taken by India ($X), with a 20% share of total imports. It was followed by the United States, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+29.3% per year) and the United States (-25.0% per year).

Import Prices by Country

In 2021, the average wheeled loader import price amounted to $X per unit, reducing by -15.2% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 45% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the Czech Republic ($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 (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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