Middle East: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in the Middle East

The Middle Eastern motorcycle and bicycle market declined to $X in 2022, waning by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then declined in the following year.

Motorcycle And Bicycle Production in the Middle East

In value terms, motorcycle and bicycle production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Motorcycle And Bicycle Exports

Exports in the Middle East

In 2022, the amount of motorcycles and bicycles exported in the Middle East surged to X units, jumping by X% against the year before. In general, exports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, motorcycle and bicycle exports skyrocketed to $X in 2022. Overall, exports saw strong growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey was the largest exporter of motorcycles and bicycles in the Middle East, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units) and Kuwait (X units), together generating a X% share of total exports. Oman (X units) took a little share of total exports.

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

In value terms, Turkey ($X) remains the largest motorcycle and bicycle supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Kuwait, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Kuwait (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, flattening at the previous year. Over the period under review, the export price enjoyed a perceptible expansion. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in years to come.

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 ($X per unit), while Oman ($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 mixed trends in the export price figures.

Motorcycle And Bicycle Imports

Imports in the Middle East

After three years of growth, supplies from abroad of motorcycles and bicycles decreased by X% to X units in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then plummeted in the following year.

In value terms, motorcycle and bicycle imports shrank to $X in 2022. Total imports indicated a remarkable 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank modestly in the following year.

Imports by Country

Iraq (X units) and the United Arab Emirates (X units) represented the largest importers of motorcycles and bicycles in 2022, amounting to near X% and X% of total imports, respectively. It was distantly followed by Kuwait (X units), Iran (X units), Turkey (X units) and Israel (X units), together constituting a X% share of total imports. The following importers - Oman (X units) and Yemen (X units) - each recorded a X% share of total imports.

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

In value terms, the largest motorcycle and bicycle importing markets in the Middle East were Turkey ($X), Israel ($X) and Iran ($X), with a combined X% share of total imports. The United Arab Emirates, Iraq, Kuwait, Yemen and Oman lagged somewhat behind, together accounting for a further X%.

Yemen, 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 more modest paces of growth.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, with an increase of X% against the previous year. Import price indicated a resilient increase 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, motorcycle and bicycle import price increased by X% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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