Cranes; Tower Cranes Price in Saudi Arabia - 2021
Contents:
Cranes; Tower Cranes Price in Saudi Arabia (FOB) - 2022
In 2022, the average cranes; tower cranes export price amounted to $91,114 per unit, surging by 55% against the previous year. Over the period under review, the export price recorded a temperate increase. The most prominent rate of growth was recorded in 2020 an increase of 127% against the previous year. As a result, the export price reached the peak level of $127,357 per unit. From 2021 to 2022, the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Oman.
From 2012 to 2022, the rate of growth in terms of prices for Oman amounted to +3.3% per year.
Cranes; Tower Cranes Exports in Saudi Arabia
In 2022, overseas shipments of cranes; tower craneses decreased by -32.3% to 84 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 385%. Over the period under review, the exports attained the maximum at 124 units in 2021, and then declined significantly in the following year.
In value terms, cranes; tower cranes exports rose rapidly to $7.7M in 2022. In general, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 986% against the previous year. As a result, the exports reached the peak of $8M. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Cranes; Tower Cranes in Saudi Arabia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Oman | 0.2 | 0.4 | 2.3 | 7.7 | 237.7% |
| Nigeria | N/A | N/A | N/A | N/A | 0% |
| Italy | N/A | 7.0 | N/A | N/A | 0% |
| Netherlands | N/A | 0.3 | 2.5 | N/A | 733.3% |
| Others | 0.6 | 0.3 | 2.5 | N/A | 104.1% |
| Total | 0.7 | 8.0 | 7.3 | 7.7 | 122.4% |
Top Export Markets for Cranes; Tower Cranes from Saudi Arabia in 2022:
- Oman (84.0 units)
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