Middle East: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in the Middle East

The Middle Eastern internal combustion engines market dropped to $X in 2022, reducing by X% against the previous year. In general, consumption continues to indicate a mild slump. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Internal Combustion Engines Production in the Middle East

In value terms, internal combustion engines production declined to $X in 2022 estimated in export price. In general, production recorded a perceptible descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Internal Combustion Engines Exports

Exports in the Middle East

For the fourth year in a row, the Middle East recorded decline in shipments abroad of motor vehicles compression-ignition internal combustion piston engines, which decreased by X% to X units in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, internal combustion engines exports fell significantly to $X in 2022. Overall, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey represented the major exporter of motor vehicles compression-ignition internal combustion piston engines in the Middle East, with the volume of exports finishing at X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), committing a X% share of total exports.

Exports from Turkey decreased at an average annual rate of X% from 2012 to 2022. The United Arab Emirates experienced a relatively flat trend pattern. 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.

In value terms, Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022.

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.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, shrinking by X% against the previous year. Export price indicated perceptible 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, internal combustion engines export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then reduced in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Internal Combustion Engines Imports

Imports in the Middle East

Internal combustion engines imports contracted to X units in 2022, dropping by X% against the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, internal combustion engines imports declined slightly to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X units) was the major importer of motor vehicles compression-ignition internal combustion piston engines in the Middle East, committing X% of total import.

Turkey was also the fastest-growing in terms of the motor vehicles compression-ignition internal combustion piston engines imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Turkey increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported motor vehicles compression-ignition internal combustion piston engines in the Middle East.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Turkey amounted to X% per year.

Source: IndexBox Platform

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