Middle East's Concrete or Mortar Mixers Market to Reach 174K Units and $851M by 2035 - News and Statistics - IndexBox

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IndexBox has just published a new report: Middle East - Concrete Or Mortar Mixers - Market Analysis, Forecast, Size, Trends And Insights.

The Middle East market for concrete or mortar mixers is expected to see continued growth over the next decade, driven by increasing demand. Market performance is forecast to expand with a CAGR of +0.8% for market volume and +0.7% for market value from 2024 to 2035.

Driven by increasing demand for concrete or mortar mixers in the Middle East, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +0.8% for the period from 2024 to 2035, which is projected to bring the market volume to 174K units by the end of 2035.

In value terms, the market is forecast to increase with an anticipated CAGR of +0.7% for the period from 2024 to 2035, which is projected to bring the market value to $851M (in nominal wholesale prices) by the end of 2035.

In 2024, after two years of growth, there was decline in consumption of concrete or mortar mixers, when its volume decreased by -4.6% to 160K units. The total consumption indicated modest growth from 2013 to 2024: its volume increased at an average annual rate of +1.8% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak volume of 287K units. From 2018 to 2024, the growth of the consumption remained at a somewhat lower figure.

The value of the concrete mixer market in the Middle East declined to $786M in 2024, dropping by -8.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.4% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $940M. From 2021 to 2024, the growth of the market remained at a somewhat lower figure.

The countries with the highest volumes of consumption in 2024 were Turkey (68K units), Saudi Arabia (47K units) and Israel (13K units), with a combined 80% share of total consumption. Jordan, Lebanon, the United Arab Emirates and Oman lagged somewhat behind, together accounting for a further 16%.

From 2013 to 2024, the biggest increases were recorded for Oman (with a CAGR of +5.3%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($442M) led the market, alone. The second position in the ranking was held by Saudi Arabia ($104M). It was followed by Jordan.

From 2013 to 2024, the average annual rate of growth in terms of value in Turkey was relatively modest. The remaining consuming countries recorded the following average annual rates of market growth: Saudi Arabia (+2.5% per year) and Jordan (+8.3% per year).

The countries with the highest levels of concrete mixer per capita consumption in 2024 were Israel (1,327 units per million persons), Saudi Arabia (1,289 units per million persons) and Lebanon (1,060 units per million persons).

From 2013 to 2024, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Oman (with a CAGR of +1.8%), while consumption for the other leaders experienced more modest paces of growth.

In 2024, production of concrete or mortar mixers was finally on the rise to reach 151K units after three years of decline. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 488%. As a result, production attained the peak volume of 899K units. From 2021 to 2024, production growth remained at a lower figure.

In value terms, concrete mixer production contracted slightly to $809M in 2024 estimated in export price. Overall, production posted a slight expansion. The pace of growth was the most pronounced in 2020 with an increase of 292% against the previous year. As a result, production reached the peak level of $2.6B. From 2021 to 2024, production growth remained at a lower figure.

Turkey (84K units) remains the largest concrete mixer producing country in the Middle East, accounting for 55% of total volume. Moreover, concrete mixer production in Turkey exceeded the figures recorded by the second-largest producer, Saudi Arabia (32K units), threefold. The third position in this ranking was taken by Israel (12K units), with an 8% share.

In Turkey, concrete mixer production expanded at an average annual rate of +2.8% over the period from 2013-2024. The remaining producing countries recorded the following average annual rates of production growth: Saudi Arabia (+0.8% per year) and Israel (+1.3% per year).

In 2024, overseas purchases of concrete or mortar mixers decreased by -14% to 32K units for the first time since 2021, thus ending a two-year rising trend. Overall, imports, however, showed a measured expansion. The growth pace was the most rapid in 2014 with an increase of 53%. The volume of import peaked at 41K units in 2017; however, from 2018 to 2024, imports remained at a lower figure.

In value terms, concrete mixer imports shrank to $105M in 2024. Over the period under review, imports saw a noticeable downturn. The growth pace was the most rapid in 2023 when imports increased by 43%. The level of import peaked at $169M in 2013; however, from 2014 to 2024, imports failed to regain momentum.

Saudi Arabia was the major importer of concrete or mortar mixers in the Middle East, with the volume of imports recording 15K units, which was approx. 48% of total imports in 2024. It was distantly followed by Turkey (4.5K units), the United Arab Emirates (3.5K units), Iraq (2.7K units) and Palestine (1.5K units), together creating a 39% share of total imports. The following importers - Jordan (1.1K units) and Israel (0.9K units) - each accounted for a 6.3% share of total imports.

From 2013 to 2024, average annual rates of growth with regard to concrete mixer imports into Saudi Arabia stood at +7.2%. At the same time, Palestine (+32.2%), Jordan (+17.2%), Iraq (+13.6%), the United Arab Emirates (+6.9%) and Turkey (+5.3%) displayed positive paces of growth. Moreover, Palestine emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +32.2% from 2013-2024. By contrast, Israel (-1.5%) illustrated a downward trend over the same period. While the share of Saudi Arabia (+15 p.p.), Iraq (+5.4 p.p.), Palestine (+4.5 p.p.), the United Arab Emirates (+3.2 p.p.), Jordan (+2.5 p.p.) and Turkey (+2.3 p.p.) increased significantly in terms of the total imports from 2013-2024, the share of Israel (-2.2 p.p.) displayed negative dynamics.

In value terms, Saudi Arabia ($54M) constitutes the largest market for imported concrete or mortar mixers in the Middle East, comprising 52% of total imports. The second position in the ranking was taken by the United Arab Emirates ($13M), with a 12% share of total imports. It was followed by Turkey, with a 12% share.

From 2013 to 2024, the average annual growth rate of value in Saudi Arabia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-2.9% per year) and Turkey (-2.0% per year).

The import price in the Middle East stood at $3.3 thousand per unit in 2024, rising by 3.1% against the previous year. In general, the import price, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 29% against the previous year. Over the period under review, import prices hit record highs at $7.8 thousand per unit in 2013; however, from 2014 to 2024, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($4.8 thousand per unit), while Jordan ($425 per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Israel (-2.1%), while the other leaders experienced a decline in the import price figures.

Concrete mixer exports skyrocketed to 22K units in 2024, picking up by 31% compared with 2023. Overall, exports, however, saw a pronounced reduction. The growth pace was the most rapid in 2020 with an increase of 4,050%. As a result, the exports attained the peak of 751K units. From 2021 to 2024, the growth of the exports failed to regain momentum.

In value terms, concrete mixer exports skyrocketed to $158M in 2024. Over the period under review, exports recorded a pronounced increase. The pace of growth appeared the most rapid in 2021 with an increase of 36%. The level of export peaked in 2024 and is likely to see steady growth in the immediate term.

Turkey dominates exports structure, finishing at 20K units, which was approx. 91% of total exports in 2024. The following exporters - the United Arab Emirates (900 units) and Lebanon (803 units) - each finished at a 7.6% share of total exports.

Turkey was also the fastest-growing in terms of the concrete or mortar mixers exports, with a CAGR of +7.1% from 2013 to 2024. the United Arab Emirates (-8.9%) and Lebanon (-23.9%) illustrated a downward trend over the same period. Turkey (+57 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Lebanon saw its share reduced by -4.8% and -53% from 2013 to 2024, respectively.

In value terms, Turkey ($137M) remains the largest concrete mixer supplier in the Middle East, comprising 87% of total exports. The second position in the ranking was held by Lebanon ($9.8M), with a 6.2% share of total exports.

From 2013 to 2024, the average annual rate of growth in terms of value in Turkey stood at +4.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Lebanon (-2.6% per year) and the United Arab Emirates (+0.4% per year).

The export price in the Middle East stood at $7 thousand per unit in 2024, dropping by -11.9% against the previous year. In general, the export price, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 4,317% against the previous year. The level of export peaked at $8 thousand per unit in 2023, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2024, amid the top suppliers, the country with the highest price was Lebanon ($12 thousand per unit), while the United Arab Emirates ($6.6 thousand per unit) was amongst the lowest.

From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Lebanon (+28.0%), while the other leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the concrete mixer market in the Middle East. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

Making Data-Driven Decisions to Grow Your Business

A Quick Overview of Market Performance

Understanding the Current State of The Market and its Prospects

Finding New Products to Diversify Your Business

Choosing the Best Countries to Establish Your Sustainable Supply Chain

Choosing the Best Countries to Boost Your Export

The Latest Trends and Insights into The Industry

The Largest Import Supplying Countries

The Largest Destinations for Exports

The Largest Producers on The Market and Their Profiles

The Largest Markets And Their Profiles