Middle East: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in the Middle East

The Middle Eastern non-propelled vehicle market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption, however, recorded a perceptible decrease. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Non-Propelled Vehicle Production in the Middle East

In value terms, non-propelled vehicle production declined slightly to $X in 2022 estimated in export price. In general, production, however, recorded a mild reduction. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Non-Propelled Vehicle Exports

Exports in the Middle East

In 2022, non-propelled vehicle exports in the Middle East reached X units, surging by X% against the previous year. Overall, exports enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey dominates exports structure, amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units) and Iran (X units), together achieving an X% share of total exports. Israel (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to non-propelled vehicle exports from Turkey stood at X%. At the same time, Iran (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. Turkey (X p.p.), Iran (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Turkey, non-propelled vehicle exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt shrinkage. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

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

Non-Propelled Vehicle Imports

Imports in the Middle East

In 2022, purchases abroad of vehicles not mechanically propelled increased by X% to X units, rising for the fourth consecutive year after three years of decline. Total imports indicated a mild expansion 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle imports stood at $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Saudi Arabia (X units) and Kuwait (X units) represented roughly X% of total imports in 2022. The United Arab Emirates (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Israel (X%). The following importers - Iraq (X units), Qatar (X units) and Oman (X units) - each amounted to a X% share of total imports.

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

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

In terms of the main importing countries, Kuwait, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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