MENA: Market for Drive-Axles with Differential and Non-Driving Axles 2024

Market Size for Drive-Axles with Differential and Non-Driving Axles in MENA

The MENA's driving and non-driving axle market fell slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Drive-Axles with Differential and Non-Driving Axles in MENA

In value terms, driving and non-driving axle production declined notably to $X in 2022 estimated in export price. Overall, production, however, saw a resilient expansion. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Drive-Axles with Differential and Non-Driving Axles

Exports in MENA

In 2022, shipments abroad of drive-axles with differential and non-driving axles decreased by X% to X tons, falling for the second consecutive year after four years of growth. In general, exports, however, showed a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of export peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, driving and non-driving axle exports amounted to $X in 2022. Total exports indicated a buoyant increase from 2012 to 2022: its value 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

Turkey represented the major exporting country with an export of around X tons, which reached X% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports.

Turkey was also the fastest-growing in terms of the drive-axles with differential and non-driving axles exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest driving and non-driving axle supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

In Turkey, driving and non-driving axle 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 ton, growing by X% against the previous year. Over the period under review, the export price, however, saw a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 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 ton), while Turkey amounted to $X per ton.

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

Imports of Drive-Axles with Differential and Non-Driving Axles

Imports in MENA

In 2022, imports of drive-axles with differential and non-driving axles in MENA dropped slightly to X tons, falling by X% against the previous year. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then reduced slightly in the following year.

In value terms, driving and non-driving axle imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X tons) represented the key importer of drive-axles with differential and non-driving axles, achieving X% of total imports. Iran (X tons) took the second position in the ranking, followed by the United Arab Emirates (X tons), Saudi Arabia (X tons) and Egypt (X tons). All these countries together held near X% share of total imports. Morocco (X tons) and Iraq (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to driving and non-driving axle imports into Turkey stood at X%. At the same time, Morocco (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%), Iran (X%), Iraq (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Morocco increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported drive-axles with differential and non-driving axles in MENA, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with an X% share of total imports. It was followed by Saudi Arabia, with a X% share.

In Turkey, driving and non-driving axle imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and Saudi Arabia (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform