Saudi Arabia Crane Market Study 2022

 In 2020, the Saudi crane market rose slightly to $X, up X% year-on-year. Overall, however, consumption continued to show abrupt setbacks. In 2009, the growth rate was the fastest, and the market value increased by X% year-on-year. During the period under review, the market hit an all-time high of $X in 2014; however, consumption has remained low from 2015 to 2020.

In terms of value, crane production expanded sharply in 2020 to $2020 (estimated at export prices). During the period under review, production recorded elastic expansion. In 2016, the growth rate was the fastest, and the output increased by X% year-on-year. During the period under review, production hit an all-time high in 2020 and is likely to see steady growth in the years ahead.

Saudi Arabian crane export scale

In 2020, Saudi Arabia’s crane exports increased significantly to X units, an increase of X% over 2019. Overall, between 2007 and 2020, the total export volume showed resilient growth: its volume increased at an average annual rate of +X% for thirteen years. However, the trend pattern indicated that some significant fluctuations were recorded throughout the analysis period. According to 2020 data, exports increased by +X% compared to the 2011 index. The most significant growth rate occurred in 2010, when exports increased by X% over the previous year. Exports peaked in 2020 and will likely continue to grow in the near future.

In value terms, crane exports rose significantly to $X in 2020. Overall, exports showed a significant increase. The fastest growth in 2008, an increase of X% over the previous year. During the period under review, exports peaked in 2020 and are likely to increase gradually over the next few years.

Cyprus (X units) is the main destination for Saudi Arabian crane exports, accounting for X% of total exports. In addition, the number of cranes exported to Cyprus exceeded three times the number exported to Nigeria (X units), the second main destination. Third in the ranking is Ireland (X units) with an X% share.

From 2007 to 2020, the average annual growth rate of transaction volumes to Cyprus has been relatively modest. Exports to other major destinations recorded the following average annual export growth rates: Nigeria (+X% per annum) and Ireland (+X% per annum).

The largest crane markets by value from Saudi Arabia are Cyprus ($X), Ireland ($X), and Nigeria ($X), which together account for X% of total exports. Tanzania and Morocco lagged somewhat behind and together constitute the other X major destination countries, with Tanzania experiencing the highest export value growth rate during the period under review, while the other leaders experienced more moderate growth rates in shipments. grow.

Saudi Arabian crane import scale

In 2020, the number of cranes, mobile cranes imported by Saudi Arabia decreased slightly to X units, a -X% decrease from 2019. Overall, imports fell sharply. Growth appears to be the fastest in 2009, when imports increased by X% over the previous year. During the period under review, imports peaked at X units in 2014; however, imports declined slightly from 2015 to 2020.

In value terms, crane imports fell sharply to $X in 2020. Overall, imports continue to show a sudden pullback. In 2009, the growth rate was the fastest, with imports increasing by X% year-on-year. Imports peaked at $X in 2014; however, from 2015 to 2020, imports decreased slightly.

China (X units), Germany (X units) and Brazil (X units) are the main suppliers of crane imports to Saudi Arabia, accounting for X% of total imports. Italy, Egypt, Indonesia, Japan, United Arab Emirates, South Korea, Spain, Austria, India, and Singapore lag behind, with further increases in purchases from 2007 to 2020, with the largest increase in Indonesia, while other leaders experienced A more moderate pace of growth.

By value, China ($X), Germany ($X) and Japan ($X) are the largest crane suppliers to Saudi Arabia, accounting for X% of total imports. This is followed by Italy, Austria, South Korea, India, Spain, Egypt, Indonesia, Brazil, the United Arab Emirates and Singapore, which together account for another country with the highest import value growth rate recorded in X, mainly during the review period , the supplier’s purchase volume growth is relatively slow.

Statistics of various crane suppliers in Saudi Arabia

Saudi Arabia’s largest crane suppliers by value are China, Germany and Japan, which together account for 77% of total imports. This is followed by Italy, Austria, South Korea, India, Spain, Egypt, Indonesia, Brazil, the United Arab Emirates and Singapore, which together account for 15%.

Saudi Arabia’s largest crane export markets by value are Cyprus, Ireland and Nigeria, accounting for 21% of total exports. These countries are followed by Tanzania and Morocco, which together account for 2.2%.

The average export price for cranes in 2020 was $2,447 per unit, up 4% from the previous year.

The average import price of cranes in 2020 was USD 46,176 per unit, down -28.3% from the previous year.

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