Countries in the Middle East have benefited from the development of the petroleum industry and have a relatively good economic foundation, but there have been serious deviations in the development of industrial categories. In the past ten years, we have noticed that countries in the Middle East have begun to pay attention to the advantages brought by the single industrial industry. The crisis has started the road of industrial diversification. Among them, the ОАЭ has been at the forefront of the Arab countries in the Middle East in terms of industrial diversity. The established industrial categories mainly include steel, petrochemical, cement, aluminum, medicine, building materials, etc. Most of these industries are located in the country's 36 industrial zones, the largest of which, Kizad Industrial Park, covers an area of 417 square kilometers. Among these enterprises, the most famous one is UAE Global Aluminium, which is now the world's largest manufacturer of high-quality aluminium, with products sold to more than 50 countries, making it the largest multinational company in the UAE.
Studying the industrial development of the Middle East countries is tantamount to providing a direction for opening their crane sales market. Dongqi Crane has more than ten years of crane service experience in the Middle East. This article will analyze the development direction of 2022 based on the past market size of overhead cranes in the Middle East and import and export data.
The Middle East Overhead Crane Market grew by X% to $X in 2020, rising for the second year in a row after three consecutive years of decline. From 2007 to 2020, market capitalization has grown at an average annual rate of +X%; however, the trend pattern indicates that some notable fluctuations were recorded throughout the analysis period. The most significant growth rate occurred in 2015, with an X% year-over-year increase. As a result, consumption reaches a peak level of X dollars. From 2016 to 2020, the market growth rate remained at a low level.
In terms of value, overhead crane production has grown rapidly to an estimated $X at export prices in 2020. Overall, production recorded strong growth. The most significant growth rate occurred in 2018, when production increased by X% year-on-year. During the period under review, production peaked in 2020 and is expected to keep growing for the next few years.
The countries with the highest output of bridge cranes in 2020 are Турция (x sets), Саудовская Аравия (x sets) and the Syrian Arab Republic (x sets), accounting for X% of the total output. Followed by Йемен, Israel, Jordan and the United Arab Emirates, whose output increased further from 2007 to 2020, the largest increase was in the United Arab Emirates, while the bridge crane production of other leaders experienced a more moderate growth.
In 2020, approximately X fixed-support overhead cranes were exported to the Middle East; an increase of X% over the previous year. Overall, exports showed strong growth. The most significant growth rate occurred in 2008, when exports increased by X% over the previous year. During the period under review, exports hit a record high of X units in 2018; after that, it has been flat until 2020.
Overhead crane exports surged to $X in 2020 by value. During the period under review, exports recorded strong growth. The most significant growth rate occurred in 2008, with an X% year-on-year increase. During the period under review, exports peaked in 2020 and are expected to keep growing in the short term.
Turkey (units X) and the United Arab Emirates (units X) dominate the overhead crane export structure and together account for X% of total exports. It was followed by Iran (X units) with X% of total exports. The following exporting countries - Bahrain (X units) and Кувейт (X units) - together account for X% of total exports.
From 2007 to 2020, among the major exporting countries, the most significant growth rate in terms of shipments was achieved by the United Arab Emirates, while the export growth rates of other countries were more moderate. The largest suppliers of overhead cranes in the Middle East by value are the United Arab Emirates ($X), Turkey ($X) and Iran ($X), which together account for X% of total exports. In terms of major exporting countries, the United Arab Emirates recorded the highest export value growth rate during the review period, while the other leaders experienced more moderate growth in shipments.
Overhead crane imports surged to X units in 2020, a year-on-year increase of X%. Overall, imports continued to increase significantly. The fastest growth rate in 2015, an increase of X% year-on-year. As a result, imports peaked at X units. Import growth remained low between 2016 and 2020. Overhead crane imports surged to $X in 2020 by value.
During the period under review, imports showed a relatively stable trend pattern. The fastest growth rate in 2013, an increase of X% year-on-year. During the period under review, imports reached an all-time high of $X in 2015; however, from 2016 to 2020, imports have remained low.
Turkey is the main importer, importing about X units, accounting for X% of total imports. This is followed by the United Arab Emirates (X units), Оман (X единиц измерения) и Ирак (X units), which together account for X% of total imports. The following importing countries - Iran (X units) and Israel (X units) - together account for X% of total imports.
From 2007 to 2020, among the major importing countries, Israel achieved the most significant growth in purchases, while other leaders saw more modest growth in imports. By value, Turkey ($X), Iran ($X) and the United Arab Emirates ($X) were the top importers in 2020, together accounting for X% of total imports. Of the major importers during the period under review, Iran saw the highest growth in import value, while other leaders saw more modest growth in purchases.
In the past 2021, Dongqi Crane has completed a total of 204 project contracts for various cranes in various countries in the Middle East, fully fulfilling the lifting needs of different customers for different application environments. In various countries, we have completed 60 crane project contracts in the UAE, 44 crane projects in Saudi Arabia, 29 crane projects in Oman and 20 crane projects in Qatar.
We believe that with the further development of the Middle East, we and our partners will complete more crane projects to contribute to the development of the region.
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