United Arab Emirates: Truck Crane Market 2024

Truck Crane Market Size in the United Arab Emirates

The truck crane market in the United Arab Emirates soared to $X in 2021, picking up by 42% 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). Over the period under review, consumption, however, showed a mild setback. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Truck Crane Exports

Exports from the United Arab Emirates

In 2021, the amount of truck cranes exported from the United Arab Emirates skyrocketed to X units, with an increase of 17% on the previous year. Overall, total exports indicated a moderate expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.5% against 2019 indices. The pace of growth was the most pronounced in 2019 when exports increased by 119%. 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, truck crane exports fell notably to $X in 2021. In general, exports, however, saw a mild setback. The growth pace was the most rapid in 2019 with an increase of 66%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units) was the main destination for truck crane exports from the United Arab Emirates, accounting for a 15% share of total exports. Moreover, truck crane exports to Oman exceeded the volume sent to the second major destination, Senegal (X units), threefold. The third position in this ranking was taken by Angola (X units), with a 1% share.

From 2012 to 2021, the average annual growth rate of volume to Oman totaled -16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+51.6% per year) and Angola (+11.2% per year).

In value terms, Oman ($X) remains the key foreign market for truck cranes exports from the United Arab Emirates, comprising 56% of total exports. The second position in the ranking was taken by Angola ($X), with a 6.7% share of total exports. It was followed by Senegal, with a 6% share.

From 2012 to 2021, the average annual growth rate of value to Oman amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (+12.6% per year) and Senegal (+98.3% per year).

Export Prices by Country

The average truck crane export price stood at $X per unit in 2021, reducing by -47.5% against the previous year. In general, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2020 an increase of 72% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Senegal ($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 Senegal (+28.9%), while the prices for the other major destinations experienced more modest paces of growth.

Truck Crane Imports

Imports into the United Arab Emirates

In 2021, imports of truck cranes into the United Arab Emirates surged to X units, rising by 42% compared with 2020. In general, imports recorded notable growth. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, truck crane imports soared to $X in 2021. Over the period under review, imports, however, recorded a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of 43%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), Oman (X units) and China (X units) were the main suppliers of truck crane imports to the United Arab Emirates, with a combined 7.6% share of total imports. Moreover, truck crane imports in Japan exceeded the figures recorded by the second-largest supplier, Oman, twofold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Oman (with a CAGR of +68.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest truck crane suppliers to the United Arab Emirates were Germany ($X), China ($X) and South Korea ($X), together accounting for 55% of total imports. Japan, Oman, Australia and Uzbekistan lagged somewhat behind, together accounting for a further 11%.

Oman, with a CAGR of +34.8%, saw the highest growth rate of 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.

Import Prices by Country

In 2021, the average truck crane import price amounted to $X per unit, dropping by -3.1% against the previous year. In general, the import price recorded a abrupt descent. The growth pace was the most rapid in 2015 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($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 (+42.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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