Qatar Lifting Equipment Market to reach X USD in 2021, an increase of X% over the previous year. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs and retailer profits, which will be included in the final consumer price). Overall, however, consumption showed strong growth. Lifting equipment consumption peaked in 2021 and is expected to keep growing in the short term.
In 2021, Qatar’s export volume of lifting equipment is estimated to be less than X units, which is basically unchanged compared to 2020. During the period under review, exports continued to show a relatively stable trend pattern. Exports peaked at X units in 2015; however, exports have remained low from 2016 to 2021.
In value terms, 2021 hoisting equipment exports are below X dollars. Overall, exports showed a relatively flat trend pattern. Exports peaked at $X in 2015; however, from 2016 to 2021, export volumes were at lower levels.
Bahrain (X units) is the main destination for Qatari lifting equipment exports, accounting for approximately X% of total exports.
From 2012 to 2015, the average annual growth rate of cargo traffic to Bahrain was relatively modest.
From 2012 to 2015, the average annual growth rate of value to Bahrain was relatively modest.
After two years of growth, foreign supply of hoisting equipment fell -X% to X units in 2021. But overall, imports showed modest growth. Growth was the fastest in 2019, up X%. During the period under review, imports peaked at X units in 2020 and then declined rapidly the following year.
In value terms, imports of lifting equipment rose significantly to $X in 2021. However, during the period under review, imports showed a significant increase. The growth rate was most pronounced in 2020, when imports increased by X% over the previous year. Imports peaked in 2021 and are expected to keep growing for years to come.
In 2019, the United States (X units) was the largest supplier of lifting equipment to Qatar, accounting for X% of total imports. In addition, imports of hoisting equipment from the US were four times higher than the figures recorded by the second largest supplier, the UK (X units).
From 2012 to 2019, the average annual growth rate of sales in the U.S. totaled +X%.
The United States ($X) is the largest lifting equipment supplier to Qatar by value, accounting for X% of total imports. In second place is the United Kingdom ($X) with X% of total imports.
From 2012 to 2019, the average annual growth rate of value from the United States reached +X%.
The United States is Qatar's largest supplier of lifting equipment by value, accounting for 72% of total imports. In second place is the UK, with 28% of total imports.
The average export price of lifting equipment in 2015 was $550 per unit, roughly the same as the previous year.
In 2019, the average import price of lifting equipment was US$2,384/unit, a year-on-year decrease of -65.4%.
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