Saudi Arabia 2022 Lifting Equipment Market Analysis

In 2021, the Saudi lifting equipment market fell -X% to $X for the first time since 2018, ending a two-year uptrend. During the period under review, however, there was a modest expansion in consumption. As a result, consumption peaked at X dollars before falling the following year.

In value terms, hoisting equipment production fell significantly to $X in 2021 (estimated at export prices). Overall, however, there has been a modest increase in production. The fastest growth was recorded in 2015, with production increasing by X% over the previous year. Lifting equipment production peaked at $X in 2020 before declining significantly the following year.

Saudi Arabia's lifting equipment export scale

サウジアラビア's hoisting equipment exports contract sharply to X units in 2021, down -X% from 2020 figures. Overall, however, exports have grown significantly. The most significant growth rate occurred in 2015, which was an X% increase compared to the previous year. As a result, exports peaked at X units. From 2016 to 2021, the export growth rate will remain at a low level.

Lifting equipment exports contracted to X USD in 2021 in value terms. But overall, exports have grown significantly. The fastest growth rate in 2015, an increase of X% year-on-year. As a result, exports peaked at X dollars. From 2016 to 2021, the export growth rate will remain at a low level.

エジプト (X units) is the main destination for Saudi Arabian lifting equipment exports, accounting for about X% of total exports.

From 2012 to 2021, the average annual growth rate of cargo traffic to Egypt totals +X%.

Egypt ($X) remains the leading foreign market for Saudi Arabia's lifting equipment exports in value terms. Average annual growth in value to Egypt from 2012 to 2021 +X%.

Import scale of lifting equipment in Saudi Arabia

In 2021, Saudi Arabia will import less than X units of lifting equipment, about 5 units. figures in the previous year. Overall, imports showed a relatively stable trend pattern.

In terms of value, hoisting equipment imports surged to $X in 2021. During the review period, imports faced a sudden decline. The most significant growth rate occurred in 2014, with an increase of X%. As a result, imports peaked at X dollars. Import growth momentum failed to recover from 2015 to 2021.