MENA: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in MENA

The MENA's road tractor for semi-trailer market amounted to $X.6B in 2022, almost unchanged from the previous year. Overall, consumption showed a buoyant expansion. Over the period under review, the market hit record highs at $X.1B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in MENA

In value terms, road tractor for semi-trailer production reached $X.5B in 2022 estimated in export price. In general, production recorded a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X.1B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Road Tractors For Semi-Trailers

Exports in MENA

Road tractor for semi-trailer exports declined to X units in 2022, reducing by X% on the year before. Overall, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then shrank in the following year.

In value terms, road tractor for semi-trailer exports fell dramatically to $X in 2022. Over the period under review, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of export peaked at $X in 2021, and then reduced notably in the following year.

Exports by Country

Turkey was the key exporting country with an export of about X units, which accounted for X% of total exports. It was distantly followed by the United Arab Emirates (X units), comprising a X% share of total exports. Oman (X units) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the road tractors for semi-trailers exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while Oman and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest road tractor for semi-trailer supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, waning by X% against the previous year. Export price indicated a tangible 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, road tractor for semi-trailer export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Imports of Road Tractors For Semi-Trailers

Imports in MENA

In 2022, approx. X units of road tractors for semi-trailers were imported in MENA; which is down by X% against the year before. Over the period under review, imports saw a slight decline. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, road tractor for semi-trailer imports fell rapidly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Saudi Arabia (X units) and Iran (X units) represented roughly X% of total imports in 2022. Libya (X units) took the next position in the ranking, followed by Turkey (X units), the United Arab Emirates (X units) and Morocco (X units). All these countries together took near X% share of total imports. Iraq (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Libya (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest road tractor for semi-trailer importing markets in MENA were Turkey ($X), Iran ($X) and Saudi Arabia ($X), with a combined X% share of total imports.

Among the main importing countries, Saudi Arabia, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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 2022, reducing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Turkey ($X per unit), while Libya ($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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