MENA: Market for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in MENA

The MENA's market for internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) soared to $X in 2023, jumping by X% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2014 indices. The level of consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft) in MENA

In value terms, production of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) reduced to $X in 2023 estimated in export price. Over the period under review, production, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Exports in MENA

For the third year in a row, MENA recorded decline in overseas shipments of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft), which decreased by X% to X units in 2023. In general, exports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs at X units in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, exports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2023. Overall, exports, however, recorded a mild increase. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports of failed to regain momentum.

Exports by Country

The United Arab Emirates represented the largest exporter of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in MENA, with the volume of exports resulting at X units, which was near X% of total exports in 2023. Turkey (X units) ranks second in terms of the total exports with a X% share, followed by Oman (X%). Jordan (X units), Bahrain (X units), Egypt (X units) and Syrian Arab Republic (X units) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Syrian Arab Republic (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Oman ($X) were the countries with the highest levels of exports in 2023, together accounting for X% of total exports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price continues to indicate noticeable growth. The pace of growth appeared the most rapid in 2021 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Oman ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%), while the other leaders experienced more modest paces of growth.

Imports of Internal Combustion Engines, Excluding Diesel (Other Than For Motor Vehicles And Aircraft)

Imports in MENA

In 2023, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) in MENA soared to X units, increasing by X% compared with the previous year. Over the period under review, imports posted a prominent expansion. Over the period under review, imports of reached the maximum at X units in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, imports of internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

Egypt represented the key importing country with an import of around X units, which finished at X% of total imports. The United Arab Emirates (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Iraq (X%). The following importers - Saudi Arabia (X units), Iran (X units) and Morocco (X units) - together made up X% of total imports.

Egypt was also the fastest-growing in terms of the internal combustion engines, excluding diesel (other than for motor vehicles and aircraft) imports, with a CAGR of X% from 2012 to 2023. At the same time, Morocco (X%), Turkey (X%), the United Arab Emirates (X%) and Iran (X%) displayed positive paces of growth. Iraq experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Turkey (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total imports, while Iraq and Saudi Arabia saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Saudi Arabia ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in MENA stood at $X per unit in 2023, waning by X% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2022 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Turkey ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform