Price for Tugs and Pusher Craft in Saudi Arabia - 2021

Contents:

1. Price for Tugs and Pusher Craft in Saudi Arabia (FOB) - 2022
2. Price for Tugs and Pusher Craft in Saudi Arabia (CIF) - 2022
3. Exports of Tugs and Pusher Craft in Saudi Arabia
4. Imports of Tugs and Pusher Craft in Saudi Arabia

Price for Tugs and Pusher Craft in Saudi Arabia (FOB) - 2022

In 2022, the average tugs and pusher craft export price amounted to $2,076,916 per unit, picking up by 26% against the previous year. Over the period under review, the export price showed resilient growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +9.3% per year.

Price for Tugs and Pusher Craft in Saudi Arabia (CIF) - 2022

The average tugs and pusher craft import price stood at $2,220,239 per unit in 2022, rising by 12% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2018 an increase of 381%. As a result, import price reached the peak level of $13,174,067 per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($3,706,229 per unit), while the price for Malaysia ($1,146,242 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+23.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tugs and Pusher Craft in Saudi Arabia

For the third year in a row, Saudi Arabia recorded decline in shipments abroad of tugs and pusher crafts, which decreased by -17.9% to 459 units in 2022. In general, exports faced a dramatic decline. Over the period under review, the exports attained the peak figure at 963 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, tugs and pusher craft exports stood at $953M in 2022. Overall, exports continue to indicate a pronounced descent. Over the period under review, the exports reached the maximum at $1B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Tugs and Pusher Craft from Saudi Arabia in 2022:

1. United Arab Emirates (459.0 units)

Imports of Tugs and Pusher Craft in Saudi Arabia

For the third year in a row, Saudi Arabia recorded decline in overseas purchases of tugs and pusher crafts, which decreased by -6.7% to 14 units in 2022. Overall, imports showed a sharp curtailment. Over the period under review, imports hit record highs at 172 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, tugs and pusher craft imports expanded significantly to $32M in 2022. In general, imports saw a dramatic curtailment. Over the period under review, imports reached the maximum at $1.3B in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Tugs and Pusher Craft to Saudi Arabia in 2022:

1. China (7.0 units)
2. Singapore (2.0 units)
3. Netherlands (1.0 units)
4. United Arab Emirates (1.0 units)
5. Indonesia (1.0 units)
6. Malaysia (1.0 units)

Source: IndexBox Market Intelligence Platform