GCC: Market for Motorcycles, Scooters and Side-Cars 2024

Market Size for Motorcycles, Scooters and Side-Cars in GCC

In 2022, after two years of growth, there was significant decline in the GCC motorcycle, scooter and side-car market, when its value decreased by X% to $X. Over the period under review, consumption saw a pronounced decline. As a result, consumption attained the peak level of $X, and then shrank sharply in the following year.

Production of Motorcycles, Scooters and Side-Cars in GCC

In value terms, motorcycle, scooter and side-car production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Motorcycles, Scooters and Side-Cars

Exports in GCC

In 2022, motorcycle, scooter and side-car exports in GCC soared to X units, growing by X% against 2021 figures. In general, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, motorcycle, scooter and side-car exports rose notably to $X in 2022. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Kuwait (X units), constituting a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the motorcycles, scooters and side-cars exports, with a CAGR of X% from 2012 to 2022. At the same time, Kuwait (X%) displayed positive paces of growth. While the share of Kuwait (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest motorcycle, scooter and side-car supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Kuwait ($X), with a X% share of total exports.

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, waning by X% against the previous year. Over the period under review, the export price showed a perceptible downturn. The pace of growth appeared the most rapid in 2021 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Imports of Motorcycles, Scooters and Side-Cars

Imports in GCC

In 2022, after four years of growth, there was significant decline in supplies from abroad of motorcycles, scooters and side-cars, when their volume decreased by X% to X units. Over the period under review, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped dramatically in the following year.

In value terms, motorcycle, scooter and side-car imports shrank significantly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then plummeted in the following year.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X units, which finished at X% of total imports. Saudi Arabia (X units) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%) and Qatar (X%).

From 2012 to 2022, average annual rates of growth with regard to motorcycle, scooter and side-car imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%) and Kuwait (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, Saudi Arabia (X%) illustrated a downward trend over the same period. Kuwait (X p.p.) and Qatar (X p.p.) significantly strengthened its position in terms of the total imports, while Saudi Arabia and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported motorcycles, scooters and side-cars in GCC, comprising X% of total imports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, motorcycle, scooter and side-car imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Saudi Arabia (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. Import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle, scooter and side-car import price increased by X% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 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 the United Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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