From January to October 2021, the bilateral import and export volume of goods between China and Saudi Arabia was US$70,793.44 million, an increase of US$16,247.2396 million compared with the same period in 2020, a year-on-year increase of 29.9%.
From January to October 2021, the total value of China's exports to Saudi Arabia was US$24,982.7301 million, an increase of US$2486.1801 million compared with the same period in 2020, an increase of 11.3% year-on-year; the total value of China's imports from Saudi Arabia was US$45810.7055 million, compared with In the same period in 2020, it increased by $137,610,595,000, a year-on-year increase of 42.9%.
China and Saudi Arabia have a very close economic and trade cooperation relationship. Even under the influence of COVID-19, the bilateral trade volume will maintain a high growth rate in 2021. We have noticed that Saudi Arabia has continued to plan the domestic industrialization process in recent years and adjusted its dependence on the oil industry. In the development process of various industrial and mining enterprises, the role of cranes is indispensable, which also provides conditions for us to enter the Saudi crane market. In the past 2021, Dongqi Crane has reached 44 cooperation projects of various types of cranes with customers in Saudi Arabia. What will happen to the Saudi Arabian crane market in 2022? This article will analyze the import and export data of overhead cranes in Saudi Arabia
Before we start discussing the aerial crane market in Saudi Arabia, we have a few small questions that need to be answered first. Let’s take a look
In 2020, the Saudi Overhead Crane Market soared to $X, a year-on-year increase of X%. 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. As a result, consumption has peaked and is likely to continue growing in the short term.
By value, the production of overhead cranes soared to X dollars in 2020, estimated at export prices. Overall, production continued to expand significantly. The most significant growth rate occurred in 2018, with an X% year-over-year increase. Overhead crane production peaked in 2020 and is expected to keep growing in the coming years.
In 2020, overseas shipments of fixed-support overhead cranes increased by X% to X units, the second consecutive year of growth after two years of decline. Overall, exports have grown moderately. 2019 saw the fastest growth, with exports up X% year-on-year. During the period under review, exports reached a maximum of X units in 2016; however, from 2017 to 2020, exports were slightly lower.
Overhead crane exports surged to $X in 2020 by value. Overall, exports showed a significant increase. 2019 appears to have seen the fastest growth, with an X% increase over the previous year. Exports peaked at $X in 2016; however, from 2017 to 2020, exports were slightly lower.
The United Arab Emirates (unit X) and Algeria (unit X) are the main destinations for Saudi Arabian overhead crane exports. From 2007 to 2020, among the major destination countries, the most significant growth rate in freight volume was the United Arab Emirates.
In value terms, Algeria ($X) remains the leading foreign market for Saudi Arabia's overhead crane exports, accounting for X% of total exports. In second place is the United Arab Emirates ($X) with X% of total exports. From 2007 to 2020, the value to Algeria has grown at an average annual rate of +X%.
In 2020, the number of fixed-support overhead cranes imported from Saudi Arabia is X, which is the same as the previous year. Overall, imports showed a significant growth trend. The growth rate was most pronounced in 2009, when imports rose by X% year-on-year. As a result, imports peaked at X units. From 2010 to 2020, import growth remained low.
Overhead crane imports surged to $X in 2020 by value. During the period under review, imports showed moderate growth. The growth rate was most pronounced in 2013, with a year-on-year increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2020, import volumes have remained low.
In 2010, Kuwait (X units) was the largest supplier of overhead cranes to Saudi Arabia, accounting for X% of total imports. In addition, overhead cranes imported from Kuwait were four times higher than the number recorded by the second largest supplier, Germany (X units). Italy (X units) ranks third in total imports with a share of X%. From 2007 to 2010, the average annual growth rate of shipments from Kuwait reached +X%. The average annual growth rates of imports for the remaining supplier countries are as follows: Germany (+X% per annum) and Italy (+X% per annum).
Germany ($X), Italy ($X) and China ($X) appear to be the largest overhead crane suppliers to Saudi Arabia by value, accounting for X% of total imports. Among the major suppliers, Italy (+X% per annum) experienced the highest growth in import value during the period under review, while other leaders saw more modest growth in purchases.
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