In 2020, prices in the Saudi transport and overhead crane market were below $X, unchanged from the previous year. In general, consumption shows a relatively stable trend pattern.
By value, the production of transport and overhead cranes surged to $X in 2021, estimated at export prices. Overall, however, production declined slightly. The most significant growth rate occurred in 2014, when production increased by X% year-on-year. Transport and overhead crane production peaked at $X in 2016; however, from 2017 to 2021, production remained low.
After four years of decline, overseas shipments of haulage, gantry and overhead cranes increased by X% to X units in 2021. But overall, exports contracted slightly. The growth rate was most pronounced in 2014, when 5 ton overhead crane exports increased by X% year-on-year. During the period under review, exports peaked at X units in 2016; however, from 2017 to 2021, exports have remained at lower levels.
In value terms, exports of transport and overhead cranes surge to $X in 2021. But overall, exports showed a relatively stable trend pattern. In 2014, the growth rate was the fastest, with an increase of X% year-on-year. Exports peaked at $X in 2016; however, from 2017 to 2021, exports have remained low.
Kuwait (unit X), Uni Emirat Arab (unit X) and Bahrain (unit X) were the main destinations for Saudi Arabian transport and overhead crane exports, together accounting for X% of total exports. Italia, the U.S. and China lag behind, adding a further X between 2012 and 2020. Among the major destination countries, the most significant growth in shipments is the U.S. (X%) and the other leaders experienced a decline.
In value terms, the United Arab Emirates ($X) remains the leading foreign market for Saudi Arabian transport and overhead crane exports, accounting for X% of total exports. In second place is Bahrain ($X) with X% of total exports. It is followed by Italy with an X% share.
From 2012 to 2020, the average annual growth in value to the UAE totaled -X%. Exports to other major destinations recorded the following average annual export growth rates: Bahrain (+X% per annum) and Italy (-X% per annum).
In 2021, Arab Saudi imported less than X transport cranes, gantry cranes and overhead cranes, which is the same as the previous year. Overall, imports showed a relatively flat trend pattern.
Imports of transport and overhead cranes soar to $X by value in 2021. Overall, imports continue to show resilient expansion. Imports peaked at $X in 2013; however, imports declined slightly from 2014 to 2021.
In value terms, the United Arab Emirates remains the leading foreign market for Saudi Arabian transport and overhead crane exports, accounting for 4% of total exports. In second place is Bahrain, which accounted for 1.6% of total exports. It is followed by Italy with a share of 0.6%.
In 2020, the average export price of transport and overhead cranes was $1,784 per unit, down -2.4% from the previous year.
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