The Middle East crane market grew X% to $X in 2020, rising for the second year in a row after two years of decline. Overall, consumption declined slightly. The most significant growth rate occurred in 2010, when the market value increased by X% over the previous year. As a result, consumption reaches a peak level of X dollars. From 2011 to 2020, market growth failed to regain momentum.
In terms of value, crane production has grown significantly in 2020 to an estimated $X at export prices. During the period under review, production volumes increased significantly. The most significant growth rate occurred in 2012, with an X% year-on-year increase. As a result, production reached a peak level of X dollars. From 2013 to 2020, the output growth rate remained at a low level.
Middle East Country Production The countries with the highest crane production in 2020 are Саудовская Аравия (X единиц измерения), Турция (X единиц измерения) и Israel (X units), which together account for X% of total production.
From 2007 to 2020, among the major producing countries, Turkey achieved the most significant growth rate in crane production, while other leading countries experienced more moderate growth rates.
In 2020, the number of cranes and mobile cranes exported from the Middle East decreased to X units, a decrease of -X% over the previous year. Overall, however, there has been a marked increase in exports. The growth rate was most pronounced in 2012, when exports increased by X% year-on-year. As a result, exports peaked at X units. From 2013 to 2020, the export growth rate remained at a low level.
In value terms, crane exports contracted significantly to $X in 2020. During the period under review, however, there was a modest contraction in exports. The most significant growth rate occurred in 2015, when exports increased by X% over the previous year. Export levels peaked at $X in 2012; however, from 2013 to 2020, exports have been at lower levels.
Saudi Arabia is the leading exporter of cranes, mobile crane frames in the Middle East, exporting X units, or about X% of total exports in 2020. This is followed by Turkey (X units) and the Объединенные Арабские Эмираты (X units), which together account for X% of total exports.
Saudi Arabia is also the fastest growing exporter of cranes, mobile cranes, with a CAGR of +X% from 2007 to 2020. Meanwhile, Turkey (+X%) showed a positive growth rate. The United Arab Emirates experienced a relatively flat trend pattern. Saudi Arabia (+X pp) has significantly strengthened its position in total exports, while the share of the United Arab Emirates has declined by -X% respectively from 2007 to 2020. The share of other countries remained relatively stable throughout the analysis period.
The largest crane suppliers in the Middle East by value are Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), which together account for X% of total exports. Among the major exporters, Turkey recorded the highest growth rate in export value during the period under review, while other leaders showed mixed trends in export data.
In 2020, the number of cranes, mobile cranes imported from the Middle East dropped significantly to X units, a -X% decrease compared to the 2019 figures. Overall, imports continue to show sharp declines. The most significant growth rate occurred in 2012, when imports increased by X% over the previous year. As a result, imports peaked at X units. Import growth remained low between 2013 and 2020. In value terms, crane imports rose significantly to $X in 2020. Overall, imports fell significantly. The most significant growth rate occurred in 2008, when imports increased by X% year-on-year. As a result, imports peaked at X dollars. Import growth failed to regain momentum between 2009 and 2020.
Israel is the main importer, importing about X units, accounting for X% of total imports. The United Arab Emirates (X units) ranked second, followed by Saudi Arabia (X units), Turkey (X units), Кувейт (X units) and Bahrain (X units). All of these countries together account for nearly X% of total imports. Оман (X units) is far behind the leaders.
From 2007 to 2020, among the major importing countries, Israel recorded the most significant increase in purchases, while imports by other leaders showed a mixed trend in import data.
By value, Israel ($X), United Arab Emirates ($X) and Saudi Arabia ($X) appear to be the top importers in 2020, together accounting for X% of total imports. During the period under review, Israel had the highest increase in import value among the major importing countries, while other leaders experienced a decline in import value.
In value terms, Turkey ($83 million), Saudi Arabia ($58 million) and the United Arab Emirates ($24 million) were the countries with the highest levels of exports in 2020, together accounting for 87% of total exports.
The largest crane import markets in the Middle East by value were Israel ($363 million), the United Arab Emirates ($247 million) and Saudi Arabia ($203 million), which together accounted for 63% of total imports.
In 2020, the export price of cranes in the Middle East was US$26,997/unit, a year-on-year decrease of -18.5%.
In 2020, the import price of cranes in the Middle East was US$58,934/unit, a year-on-year increase of 55%.
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