Sudan: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in Sudan

In 2021, the Sudanese mechanical shovel and excavator market increased by 72% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from Sudan

Mechanical shovel and excavator exports from Sudan totaled X units in 2021, therefore, remained relatively stable against the previous year. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 433% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports skyrocketed to $X in 2021. Over the period under review, exports saw a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 1,201%. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Uganda (X units) and Egypt (X units) were the main destinations of mechanical shovel and excavator exports from Sudan.

From 2012 to 2021, the biggest increases were recorded for Uganda (with a CAGR of 0.0%).

In value terms, the largest markets for mechanical shovel and excavator exported from Sudan were Uganda ($X), Egypt ($X) and Saudi Arabia ($X), together comprising 96% of total exports.

Egypt, with a CAGR of +67.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2021, surging by 17% against the previous year. Over the period under review, the export price showed a mild expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 144% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Uganda ($X per unit), while the average price for exports to Egypt stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+67.0%), while the prices for the other major destinations experienced a decline.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into Sudan

For the third year in a row, Sudan recorded growth in purchases abroad of mechanical shovels, excavators and shovel loaders, which increased by 75% to X units in 2021. Over the period under review, imports recorded a mild increase. The growth pace was the most rapid in 2017 with an increase of 173% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 137%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

South Korea (X units), China (X units) and the United Arab Emirates (X units) were the main suppliers of mechanical shovel and excavator imports to Sudan, with a combined 84% share of total imports. These countries were followed by Saudi Arabia, Bahrain, India and Oman, which together accounted for a further 8.9%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bahrain (with a CAGR of +50.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of mechanical shovels, excavators and shovel loaders to Sudan, comprising 58% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by the United Arab Emirates, with a 3.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.7% per year) and the United Arab Emirates (-3.1% per year).

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2021, falling by -2.3% against the previous year. In general, the import price recorded a mild decline. The growth pace was the most rapid in 2016 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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 South Korea ($X per unit), while the price for Saudi Arabia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+105.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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