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 tấn trên không cần cẩu 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 $X in 2016; however, from 2017 to 2021, exports have remained low.
Kuwait (unit X), Các Tiểu Vương Quốc Ả Rập Thống Nhất (unit X) and Bahrain (unit X) were the main destinations for Saudi Arabian transport and overhead crane exports, together accounting for X% of total exports. Nước Ý, the U.S. and China lag behind, adding a further X between 2012 and 2020. Among the major destination countries, the most significant growth in shipments is the U.S. (X%) and the other leaders experienced a decline.
In value terms, the United Arab Emirates ($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, Ả Rập 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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