GCC: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in GCC

The GCC snow motor vehicle market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, recorded strong growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Snow Motor Vehicle Production in GCC

In value terms, snow motor vehicle production totaled $X in 2022 estimated in export price. Overall, production recorded strong growth. The growth pace was the most rapid in 2014 when the production volume increased by X,518,200% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Snow Motor Vehicle Exports

Exports in GCC

In 2022, shipments abroad of motor vehicles for travelling on snow or golf cars was finally on the rise to reach X units after two years of decline. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, snow motor vehicle exports surged to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of motor vehicles for travelling on snow or golf cars, namely the United Arab Emirates, represented more than two-thirds of total export.

The United Arab Emirates was also the fastest-growing in terms of the motor vehicles for travelling on snow or golf cars exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest snow motor vehicle supplier in GCC.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price, however, saw a measured expansion. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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 X% per year.

Snow Motor Vehicle Imports

Imports in GCC

In 2022, the amount of motor vehicles for travelling on snow or golf cars imported in GCC shrank modestly to X units, waning by X% on the previous year's figure. In general, imports, however, saw a modest expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, snow motor vehicle imports totaled $X in 2022. Overall, imports, however, showed a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main importer of motor vehicles for travelling on snow or golf cars, mixing up X% of total imports. It was distantly followed by Qatar (X units) and Saudi Arabia (X units), together constituting a X% share of total imports. Kuwait (X units) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of motor vehicles for travelling on snow or golf cars. At the same time, Qatar (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Qatar and Kuwait increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest snow motor vehicle importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), with a combined X% share of total imports.

Saudi Arabia, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, picking up by X% against the previous year. Overall, the import price continues to indicate a remarkable increase. The growth pace was the most rapid in 2021 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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