Saudi Arabia: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Saudi Arabia

The Saudi non-propelled vehicle market expanded markedly to $X in 2022, surging by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. Non-propelled vehicle consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Non-Propelled Vehicle Exports

Exports from Saudi Arabia

After two years of growth, shipments abroad of vehicles not mechanically propelled decreased by X% to X units in 2022. Over the period under review, exports, however, recorded a tangible expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then shrank rapidly in the following year.

In value terms, non-propelled vehicle exports shrank markedly to $X in 2022. In general, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X units) was the main destination for non-propelled vehicle exports from Saudi Arabia, accounting for a X% share of total exports. Moreover, non-propelled vehicle exports to Bahrain exceeded the volume sent to the second major destination, Kuwait (X units), fivefold. The United Arab Emirates (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Bahrain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (X% per year) and the United Arab Emirates (X% per year).

In value terms, Kuwait ($X) emerged as the key foreign market for vehicles not mechanically propelled exports from Saudi Arabia, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kuwait stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

In 2022, the average non-propelled vehicle export price amounted to $X per unit, increasing by X% against the previous year. Overall, the export price posted a notable expansion. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($X per unit), while the average price for exports to Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Non-Propelled Vehicle Imports

Imports into Saudi Arabia

In 2022, the amount of vehicles not mechanically propelled imported into Saudi Arabia skyrocketed to X units, with an increase of X% compared with the previous year's figure. Over the period under review, total imports indicated a notable 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. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, non-propelled vehicle imports amounted to $X in 2022. Overall, imports, however, continue to indicate a perceptible slump. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest non-propelled vehicle supplier to Saudi Arabia, accounting for a X% share of total imports. Moreover, non-propelled vehicle imports from China exceeded the figures recorded by the second-largest supplier, France (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

In value terms, China ($X) constituted the largest supplier of vehicles not mechanically propelled to Saudi Arabia, comprising X% of total imports. The second position in the ranking was taken by France ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the average non-propelled vehicle import price amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the import price showed a perceptible slump. The most prominent rate of growth was recorded in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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