GCC: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in GCC

The GCC special vehicle body market totaled $X in 2022, leveling off at the previous year. In general, consumption, however, showed a buoyant increase. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Special Vehicle Body Production in GCC

In value terms, special vehicle body production rose significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Special Vehicle Body Exports

Exports in GCC

In 2022, approx. X units of bodies for special purpose motor vehicles were exported in GCC; with a decrease of X% against the year before. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, special vehicle body exports declined markedly to $X in 2022. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the main exporter of bodies for special purpose motor vehicles in GCC, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. Kuwait (X units) ranks second in terms of the total exports with a X% share, followed by Saudi Arabia (X%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest special vehicle body supplying countries in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X), with a combined X% share of total exports.

Saudi Arabia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by X% against the previous year. Overall, the export price continues to indicate strong growth. The growth pace was the most rapid in 2017 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced mixed trends in the export price figures.

Special Vehicle Body Imports

Imports in GCC

In 2022, imports of bodies for special purpose motor vehicles in GCC declined remarkably to X units, shrinking by X% on the year before. Overall, imports, however, continue to indicate a mild increase. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, special vehicle body imports shrank to $X in 2022. In general, imports continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates represented the key importer of bodies for special purpose motor vehicles in GCC, with the volume of imports amounting to X units, which was approx. X% of total imports in 2022. Qatar (X units) held the second position in the ranking, distantly followed by Kuwait (X units). All these countries together held near X% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the bodies for special purpose motor vehicles imports, with a CAGR of X% from 2012 to 2022. Qatar (X%) and Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Kuwait increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported bodies for special purpose motor vehicles in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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