MENA: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in MENA

In 2022, the MENA's transportation vehicle body market was finally on the rise to reach $X for the first time since 2016, thus ending a five-year declining trend. Over the period under review, consumption enjoyed prominent growth. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Transportation Vehicle Body Production in MENA

In value terms, transportation vehicle body production shrank to $X in 2022 estimated in export price. Overall, production recorded a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Transportation Vehicle Body Exports

Exports in MENA

In 2022, shipments abroad of bodies for motor vehicles for the transporting people increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, transportation vehicle body exports soared to $X in 2022. In general, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Morocco dominates exports structure, resulting at X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) took a little share of total exports.

Morocco was also the fastest-growing in terms of the bodies for motor vehicles for the transporting people exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Morocco (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest transportation vehicle body supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

In Morocco, transportation vehicle body exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, approximately equating the previous year. Overall, the export price, however, saw a deep reduction. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices failed to regain momentum.

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

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

Transportation Vehicle Body Imports

Imports in MENA

After five years of decline, supplies from abroad of bodies for motor vehicles for the transporting people increased by X% to X units in 2022. In general, imports posted mild growth. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, transportation vehicle body imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by X%. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Morocco was the largest importing country with an import of about X units, which resulted at X% of total imports. Algeria (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%) and the United Arab Emirates (X%).

Imports into Morocco decreased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), Algeria (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. While the share of Algeria (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Morocco (X p.p.) displayed negative dynamics.

In value terms, Morocco ($X) constitutes the largest market for imported bodies for motor vehicles for the transporting people in MENA, comprising X% of total imports. The second position in the ranking was held by Algeria ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Morocco totaled X%. In the other countries, the average annual rates were as follows: Algeria (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a notable increase. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Morocco ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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