Middle East: Transportation Vehicle Body Market 2024

Transportation Vehicle Body Market Size in the Middle East

In 2022, the Middle Eastern transportation vehicle body market increased by X% to $X for the first time since 2017, thus ending a four-year declining trend. In general, consumption enjoyed a remarkable increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Transportation Vehicle Body Production in the Middle East

In value terms, transportation vehicle body production fell to $X in 2022 estimated in export price. Over the period under review, production showed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth failed to regain momentum.

Transportation Vehicle Body Exports

Exports in the Middle East

In 2022, overseas shipments of bodies for motor vehicles for the transporting people increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports recorded buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, transportation vehicle body exports surged to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the major exporter of bodies for motor vehicles for the transporting people in the Middle East, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. Iran (X units) held the second position in the ranking, distantly followed by Turkey (X units). All these countries together held approx. X% share of total exports. The following exporters - Kuwait (X units), Jordan (X units) and Bahrain (X units) - together made up X% of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Jordan (X%) and Iran (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) and Turkey (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Iran (X p.p.), Kuwait (X p.p.), Jordan (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest transportation vehicle body supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iran ($X), together comprising X% of total exports. Bahrain, Jordan and Kuwait lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

The export price in the Middle East stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the export price showed a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

Transportation Vehicle Body Imports

Imports in the Middle East

In 2022, supplies from abroad of bodies for motor vehicles for the transporting people increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, transportation vehicle body imports soared to $X in 2022. Over the period under review, imports, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Iran (X units) was the largest importer of bodies for motor vehicles for the transporting people, committing X% of total imports. It was distantly followed by the United Arab Emirates (X units), mixing up a X% share of total imports. The following importers - Yemen (X units), Qatar (X units), Iraq (X units), Kuwait (X units) and Oman (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iran (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported bodies for motor vehicles for the transporting people in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Qatar, with a X% share.

In the United Arab Emirates, transportation vehicle body imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Qatar (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, reducing by X% against the previous year. In general, the import price recorded a abrupt decrease. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 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 the United Arab Emirates ($X per unit), while Yemen ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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