MENA: Transport Container Market 2024

Transport Container Market Size in MENA

In 2022, the MENA's transport container market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, saw a perceptible curtailment. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Transport Container Production in MENA

In value terms, transport container production fell to $X in 2022 estimated in export price. In general, production showed noticeable growth. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Transport Container Exports

Exports in MENA

In 2022, shipments abroad of transport containers increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports continue to indicate prominent growth. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, transport container exports skyrocketed to $X in 2022. Total exports indicated a buoyant expansion 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 pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the key exporter of transport containers, achieving X% of total exports. Tunisia (X units) ranks second in terms of the total exports with an X% share, followed by Turkey (X%). The following exporters - Bahrain (X units) and Israel (X units) - each accounted for a X% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the transport containers exports, with a CAGR of X% from 2012 to 2022. At the same time, Bahrain (X%), Tunisia (X%) and Turkey (X%) displayed positive paces of growth. By contrast, Israel (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Israel (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Bahrain and Tunisia lagged somewhat behind, together comprising a further X%.

Bahrain, 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 2022, the export price in MENA amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth appeared the most rapid in 2014 an increase of X%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Transport Container Imports

Imports in MENA

In 2022, after two years of growth, there was significant decline in overseas purchases of transport containers, when their volume decreased by X% to X units. In general, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, transport container imports dropped remarkably to $X in 2022. Over the period under review, imports, however, saw a perceptible expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of transport containers, namely Turkey, Bahrain, Israel and the United Arab Emirates, represented more than two-thirds of total import. It was distantly followed by Qatar (X units), making up a X% share of total imports. The following importers - Iraq (X units), Lebanon (X units) and Oman (X units) - each resulted at a X% share of total imports.

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

In value terms, the largest transport container importing markets in MENA were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Iraq, Bahrain, Qatar, Oman and Lebanon lagged somewhat behind, together accounting for a further X%.

Bahrain, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, waning by X% against the previous year. Import price indicated noticeable growth 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, transport container import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a somewhat 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 Iraq ($X per unit), while Bahrain ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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