Middle East: Petroleum-Engine Cargo Trucks Market 2024

Petroleum-Engine Cargo Trucks Market Size in the Middle East

The Middle Eastern petroleum-engine cargo trucks market expanded markedly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a perceptible downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Petroleum-Engine Cargo Trucks Production in the Middle East

In value terms, petroleum-engine cargo trucks production skyrocketed to $X in 2022 estimated in export price. In general, production recorded a remarkable increase. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level in 2022 and is expected to retain growth in the near future.

Petroleum-Engine Cargo Trucks Exports

Exports in the Middle East

In 2022, approx. X units of goods vehicles, with spark-ignition internal combustion piston engine were exported in the Middle East; rising by X% on 2021 figures. In general, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, petroleum-engine cargo trucks exports skyrocketed to $X in 2022. Overall, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) dominates exports structure, together making up X% of total exports. Oman (X units), Kuwait (X units), Lebanon (X units), Bahrain (X units) and Saudi Arabia (X units) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest petroleum-engine cargo trucks supplying countries in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Oman ($X), with a combined X% share of total exports.

The United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to 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 the Middle East amounted to $X per unit, falling by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. The level of export peaked at $X per unit in 2021, and then declined slightly in the following year.

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 Lebanon ($X per unit), while Saudi Arabia ($X per unit) was amongst the lowest.

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

Petroleum-Engine Cargo Trucks Imports

Imports in the Middle East

In 2022, the amount of goods vehicles, with spark-ignition internal combustion piston engine imported in the Middle East fell to X units, with a decrease of X% on the year before. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, petroleum-engine cargo trucks imports contracted to $X in 2022. Over the period under review, imports showed a deep contraction. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) represented the main importers of goods vehicles, with spark-ignition internal combustion piston engine in 2022, finishing at approx. X% and X% of total imports, respectively. It was distantly followed by Oman (X units), Kuwait (X units), Iraq (X units) and Lebanon (X units), together constituting a X% share of total imports. Bahrain (X units) followed a long way behind the leaders.

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

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Kuwait ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Kuwait, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, approximately mirroring the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then contracted in the following year.

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

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

Source: IndexBox Platform

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