Middle East: Construction Equipment Blade Market 2024

Construction Equipment Blade Market Size in the Middle East

The Middle Eastern construction equipment blade market reduced to $X in 2023, declining by X% against the previous year. Overall, consumption saw a abrupt decrease. As a result, consumption reached the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Construction Equipment Blade Production in the Middle East

In value terms, construction equipment blade production rose slightly to $X in 2023 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a somewhat lower figure.

Construction Equipment Blade Exports

Exports in the Middle East

In 2023, after three years of decline, there was significant growth in overseas shipments of blades for construction equipment, when their volume increased by X% to X units. Overall, exports continue to indicate a moderate expansion. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2023, the growth of the exports remained at a lower figure.

In value terms, construction equipment blade exports skyrocketed to $X in 2023. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the three major exporters of blades for construction equipment, namely the United Arab Emirates, Palestine and Turkey, represented more than two-thirds of total export. Bahrain (X units) held the next position in the ranking, followed by Oman (X units). All these countries together took approx. X% share of total exports. The following exporters - Iran (X units) and Kuwait (X units) - together made up X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Kuwait (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Palestine ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of total exports. Oman, Bahrain, Kuwait and Iran lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2023, declining by X% against the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, construction equipment blade export price increased by X% against 2018 indices. The growth pace was the most rapid in 2022 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Oman ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Construction Equipment Blade Imports

Imports in the Middle East

In 2023, the amount of blades for construction equipment imported in the Middle East dropped significantly to X units, with a decrease of X% compared with 2022. Overall, imports showed a deep downturn. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2023, the growth of imports failed to regain momentum.

In value terms, construction equipment blade imports soared to $X in 2023. In general, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the United Arab Emirates (X units) and Turkey (X units) represented the largest importers of blades for construction equipment in the Middle East, together amounting to approx. X% of total imports. It was distantly followed by Iraq (X units) and Lebanon (X units), together creating a X% share of total imports. Oman (X units), Israel (X units) and Palestine (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Lebanon (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iraq ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports. Lebanon, Israel, Oman and Palestine lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Lebanon, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in the Middle East amounted to $X per unit, jumping by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, import prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform