Middle East: Market for Road Tractors For Semi-Trailers 2024

Market Size for Road Tractors For Semi-Trailers in the Middle East

The Middle Eastern road tractor for semi-trailer market stood at $X.1B in 2022, approximately equating the previous year. Over the period under review, consumption enjoyed prominent growth. Over the period under review, the market hit record highs at $X.4B in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Road Tractors For Semi-Trailers in the Middle East

In value terms, road tractor for semi-trailer production expanded slightly to $X.5B in 2022 estimated in export price. Overall, production saw a prominent increase. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X.1B in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Road Tractors For Semi-Trailers

Exports in the Middle East

In 2022, approx. X units of road tractors for semi-trailers were exported in the Middle East; shrinking by X% on the year before. Overall, exports, however, posted strong growth. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021, and then fell in the following year.

In value terms, road tractor for semi-trailer exports fell notably to $X in 2022. In general, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank notably in the following year.

Exports by Country

In 2022, Turkey (X units) was the main exporter of road tractors for semi-trailers, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X units), making up a X% share of total exports. Oman (X units) took a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the road tractors for semi-trailers exports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey increased by X percentage points.

In value terms, Turkey ($X) remains the largest road tractor for semi-trailer supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate 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 Oman (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, reducing by X% against the previous year. Export price indicated a noticeable 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, road tractor for semi-trailer export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 ($X per unit), while Oman ($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.

Imports of Road Tractors For Semi-Trailers

Imports in the Middle East

After three years of growth, purchases abroad of road tractors for semi-trailers decreased by X% to X units in 2022. Overall, imports, however, enjoyed a modest expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports contracted notably to $X in 2022. Over the period under review, imports, however, saw mild growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

Saudi Arabia (X units) and Iran (X units) represented roughly X% of total imports in 2022. Turkey (X units) held the next position in the ranking, followed by the United Arab Emirates (X units), Iraq (X units) and Oman (X units). All these countries together held approx. X% share of total imports. Israel (X units) followed a long way behind the leaders.

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

In value terms, Turkey ($X), Iran ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports. The United Arab Emirates, Oman, Iraq and Israel lagged somewhat behind, together comprising a further X%.

Israel, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in the Middle East amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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