Saudi Arabia: Market for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping 2024

Market Size for Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Saudi Arabia

The Saudi market for equipment for scaffolding, shuttering, propping or pit propping expanded rapidly to $X in 2023, with an increase of X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping in Saudi Arabia

In value terms, scaffolding, shuttering, and propping equipment production declined to $X in 2023 estimated in export price. In general, production, however, showed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2023, production failed to regain momentum.

Exports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Exports from Saudi Arabia

In 2023, overseas shipments of equipment for scaffolding, shuttering, propping or pit propping were finally on the rise to reach X tons for the first time since 2020, thus ending a two-year declining trend. Overall, exports recorded a strong increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, scaffolding, shuttering, and propping equipment exports surged to $X in 2023. Over the period under review, exports continue to indicate resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for scaffolding, shuttering, and propping equipment exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, scaffolding, shuttering, and propping equipment exports to the United Arab Emirates exceeded the volume sent to the second major destination, Oman (X tons), fivefold. Bahrain (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (X% per year) and Bahrain (X% per year).

It was followed by Sudan, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United Arab Emirates totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and Sudan (X% per year).

Export Prices by Country

In 2023, the average export price for equipment for scaffolding, shuttering, propping or pit propping amounted to $X per ton, increasing by X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2023: its price 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, scaffolding, shuttering, and propping equipment export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Oman ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bahrain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Equipment For Scaffolding, Shuttering, Propping Or Pit Propping

Imports into Saudi Arabia

In 2023, approx. X tons of equipment for scaffolding, shuttering, propping or pit propping were imported into Saudi Arabia; remaining stable against the year before. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2015; however, from 2016 to 2023, imports failed to regain momentum.

In value terms, scaffolding, shuttering, and propping equipment imports totaled $X in 2023. Over the period under review, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, the United Arab Emirates (X tons) constituted the largest scaffolding, shuttering, and propping equipment supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, scaffolding, shuttering, and propping equipment imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United Arab Emirates totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and India (X% per year).

In value terms, the United Arab Emirates ($X), China ($X) and Germany ($X) constituted the largest scaffolding, shuttering, and propping equipment suppliers to Saudi Arabia, with a combined X% share of total imports.

Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for equipment for scaffolding, shuttering, propping or pit propping stood at $X per ton in 2023, stabilizing at the previous year. Overall, the import price recorded a mild downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2014 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform