MENA: Invalid Carriage Market 2023

Invalid Carriage Market Size in MENA

The MENA's invalid carriage market contracted to $X in 2021, declining by -9.5% against the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Invalid Carriage Production in MENA

In value terms, invalid carriage production declined dramatically to $X in 2021 estimated in export price. Overall, production recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 48%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Invalid Carriage Exports

Exports in MENA

In 2021, overseas shipments of invalid carriages not mechanically propelled decreased by -25.1% to X units, falling for the third year in a row after two years of growth. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of 36% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, invalid carriage exports fell remarkably to $X in 2021. In general, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 43%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey was the major exporter of invalid carriages not mechanically propelled in MENA, with the volume of exports accounting for X units, which was near 78% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), generating a 16% share of total exports.

Turkey was also the fastest-growing in terms of the invalid carriages not mechanically propelled exports, with a CAGR of +3.4% from 2012 to 2021. The United Arab Emirates (-25.6%) illustrated a downward trend over the same period. Turkey (+61 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -53.6% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest invalid carriage supplier in MENA, comprising 78% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 8.1% share of total exports.

In Turkey, invalid carriage exports increased at an average annual rate of +1.7% over the period from 2012-2021.

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, increasing by 7.3% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 56% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+0.9%).

Invalid Carriage Imports

Imports in MENA

In 2021, purchases abroad of invalid carriages not mechanically propelled decreased by -19.4% to X units, falling for the second consecutive year after three years of growth. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 24% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, invalid carriage imports shrank slightly to $X in 2021. The total import value increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by 26%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Saudi Arabia (X units), distantly followed by Turkey (X units), Iraq (X units), Israel (X units), Algeria (X units), Morocco (X units), the United Arab Emirates (X units) and Yemen (X units) represented the major importers of invalid carriages not mechanically propelled, together committing 81% of total imports. Egypt (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Yemen (with a CAGR of +25.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X), Israel ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. The United Arab Emirates, Iraq, Egypt, Algeria, Morocco and Yemen lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, Yemen, with a CAGR of +24.6%, saw 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

In 2021, the import price in MENA amounted to $X per unit, picking up by 18% against the previous year. Over the last nine years, it increased at an average annual rate of +2.5%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+24.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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