Middle East: Market for Diesel Engines (Other Than For Motor Vehicles And Aircraft) 2024

Market Size for Diesel Engines (Other Than For Motor Vehicles And Aircraft) in the Middle East

The Middle Eastern market for diesel engines (other than for motor vehicles and aircraft) reduced modestly to $X in 2022, waning by X% against the previous year. The total consumption indicated a resilient 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Diesel Engines (Other Than For Motor Vehicles And Aircraft) in the Middle East

In value terms, production of diesel engines (other than for motor vehicles and aircraft) reduced remarkably to $X in 2022 estimated in export price. Overall, production, however, showed buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Exports in the Middle East

In 2022, exports of diesel engines (other than for motor vehicles and aircraft) in the Middle East surged to X units, picking up by X% compared with 2021. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of diesel engines (other than for motor vehicles and aircraft) skyrocketed to $X in 2022. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates was the major exporter of diesel engines (other than for motor vehicles and aircraft) in the Middle East, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X units), comprising a X% share of total exports. Israel (X units) held a relatively small share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the diesel engines (other than for motor vehicles and aircraft) exports, with a CAGR of X% from 2012 to 2022. At the same time, Israel (X%) displayed positive paces of growth. By contrast, Turkey (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 Turkey (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 ($X) remains the largest diesel engines (other than for motor vehicles and aircraft) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 an increase of X%. The level of export peaked at $X per unit in 2014; however, from 2015 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 ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced a decline in the export price figures.

Imports of Diesel Engines (Other Than For Motor Vehicles And Aircraft)

Imports in the Middle East

In 2022, imports of diesel engines (other than for motor vehicles and aircraft) in the Middle East expanded significantly to X units, increasing by X% on the previous year's figure. Total imports indicated perceptible growth from 2012 to 2022: its volume 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of diesel engines (other than for motor vehicles and aircraft) surged to $X in 2022. Total imports indicated measured growth 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, imports increased by X% against 2016 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented the main importers of diesel engines (other than for motor vehicles and aircraft) in 2022, finishing at approx. X% and X% of total imports, respectively. Saudi Arabia (X units) ranks next in terms of the total imports with a X% share, followed by Lebanon (X%) and Iraq (X%). Iran (X units) took a minor share of total imports.

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

In value terms, Turkey ($X) constitutes the largest market for imported diesel engines (other than for motor vehicles and aircraft) in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Lebanon, with a X% share.

In Turkey, imports of diesel engines (other than for motor vehicles and aircraft) 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: the United Arab Emirates (X% per year) and Lebanon (X% per year).

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 saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 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 Turkey ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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