Middle East: Special Vehicle Body Market 2024

Special Vehicle Body Market Size in the Middle East

In 2022, after two years of decline, there was growth in the Middle Eastern special vehicle body market, when its value increased by X% to $X. Overall, consumption enjoyed a perceptible increase. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Special Vehicle Body Production in the Middle East

In value terms, special vehicle body production shrank to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

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Special Vehicle Body Exports

Exports in the Middle East

In 2022, shipments abroad of bodies for special purpose motor vehicles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, special vehicle body exports expanded to $X in 2022. Over the period under review, exports showed a slight decrease. The pace of growth appeared the most rapid in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey prevails in exports structure, finishing at X units, which was near X% of total exports in 2022. The United Arab Emirates (X units), Kuwait (X units), Iran (X units) and Jordan (X units) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. At the same time, Iran (X%), Jordan (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, Iran and Jordan increased by X, X and X percentage points, respectively.

In value terms, Turkey ($X) remains the largest special vehicle body supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Iran, with a X% share.

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

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, growing by X% against the previous year. In general, the export price saw a mild expansion. The growth pace was the most rapid in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 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 Iran ($X per unit), while Jordan ($X per unit) was amongst the lowest.

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

Special Vehicle Body Imports

Imports in the Middle East

In 2022, overseas purchases of bodies for special purpose motor vehicles decreased by X% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports, however, saw slight growth. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, special vehicle body imports contracted to $X in 2022. Overall, imports continue to indicate a mild reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importer of bodies for special purpose motor vehicles in the Middle East, with the volume of imports recording X units, which was near X% of total imports in 2022. Iraq (X units) held the second position in the ranking, followed by Qatar (X units), Turkey (X units), Iran (X units) and Israel (X units). All these countries together took approx. X% share of total imports. Kuwait (X units) took a minor share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%), Israel (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Qatar (X%) and Kuwait (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Iraq (X p.p.), Kuwait (X p.p.), Israel (X p.p.) and Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (X p.p.) and Qatar (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Iran ($X) and Turkey ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Israel, Iraq, Qatar and Kuwait lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Israel, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, showed a noticeable reduction. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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