United Arab Emirates: Market for Mechanical Shovels, Excavators And Shovel Loaders 2024

Market Size for Mechanical Shovels, Excavators And Shovel Loaders in the United Arab Emirates

The mechanical shovel and excavator market in the United Arab Emirates surged to $X in 2021, growing by 49% 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). In general, consumption, however, recorded a deep setback. Mechanical shovel and excavator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Exports of Mechanical Shovels, Excavators And Shovel Loaders

Exports from the United Arab Emirates

After three years of decline, shipments abroad of mechanical shovels, excavators and shovel loaders increased by 87% to X units in 2021. In general, exports, however, recorded a perceptible decrease. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, mechanical shovel and excavator exports surged to $X in 2021. Over the period under review, exports, however, showed a pronounced shrinkage. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Oman (X units) and Angola (X units) were the main destinations of mechanical shovel and excavator exports from the United Arab Emirates, together accounting for 41% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +38.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for mechanical shovel and excavator exported from the United Arab Emirates were Oman ($X), the Netherlands ($X) and Angola ($X), with a combined 45% share of total exports.

Among the main countries of destination, Angola, with a CAGR of +40.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mechanical shovel and excavator export price stood at $X per unit in 2021, picking up by 18% against the previous year. Over the period under review, export price indicated modest growth from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, mechanical shovel and excavator export price decreased by -3.9% against 2017 indices. The growth pace was the most rapid in 2014 when the average export price increased by 54%. 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 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 Togo ($X per unit), while the average price for exports to Belgium ($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 Romania (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mechanical Shovels, Excavators And Shovel Loaders

Imports into the United Arab Emirates

In 2021, the amount of mechanical shovels, excavators and shovel loaders imported into the United Arab Emirates skyrocketed to X units, increasing by 65% on the previous year. Over the period under review, imports, however, recorded a noticeable slump. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, mechanical shovel and excavator imports surged to $X in 2021. Overall, imports, however, saw a abrupt contraction. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), China (X units) and India (X units) were the main suppliers of mechanical shovel and excavator imports to the United Arab Emirates, with a combined 64% share of total imports. These countries were followed by the United States, Oman, Saudi Arabia, South Korea, the UK, the Czech Republic, Austria and Indonesia, which together accounted for a further 21%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +32.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and India ($X) were the largest mechanical shovel and excavator suppliers to the United Arab Emirates, together accounting for 66% of total imports. These countries were followed by the United States, South Korea, Oman, the UK, Indonesia, Austria, Saudi Arabia and the Czech Republic, which together accounted for a further 19%.

Austria, with a CAGR of +22.2%, 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 mixed trend patterns.

Import Prices by Country

The average mechanical shovel and excavator import price stood at $X per unit in 2021, which is down by -10.5% against the previous year. Over the period under review, the import price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 7% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: 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 South Korea (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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