Forecast: Import of Transporter or Bridge Cranes to Saudi Arabia

The import of transporter or bridge cranes to Saudi Arabia has shown considerable fluctuations over the past decade. The actual data indicates a significant decline from 20.492 million kilograms in 2013 to 2.7451 million kilograms in 2023. Following the peak in 2013, imports dropped notably by 51.5% in 2014. Since then, there have been periods of modest increases and sharp declines, with an average annual decrease (CAGR) of -6.63% over the last five years ending in 2023. The forecast for the next five years suggests a continuing downturn with a CAGR of -9.4%, projecting a volume of 1.5185 million kilograms by 2028.

Future trends to watch for include:

  • Potential technological advancements in local production capabilities that could reduce the reliance on imports.
  • Economic and policy changes within Saudi Arabia that may impact infrastructure investments and the demand for cranes.
  • Global market dynamics and trade relations that could affect import patterns due to geopolitical or supply chain disruptions.

Top Countries about Intermodal Transport