United Arab Emirates: Passenger Car Market 2024

Passenger Car Market Size in the United Arab Emirates

The passenger car market in the United Arab Emirates reached $X in 2022, increasing 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). 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. Passenger car consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Passenger Car Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of passenger cars increased by X% to X units, rising for the second year in a row after four years of decline. In general, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, passenger car exports surged to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units), Iraq (X units) and Saudi Arabia (X units) were the main destinations of passenger car exports from the United Arab Emirates, with a combined X% share of total exports. Kazakhstan, Democratic Republic of the Congo, Japan, Armenia, Angola, Russia, Turkey, Jordan, Azerbaijan and Oman lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Russia (with a CAGR of X.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Iraq ($X) emerged as the key foreign market for passenger cars exports from the United Arab Emirates, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iraq totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average passenger car export price amounted to $X per unit, with an increase of X% against the previous year. Overall, export price indicated a perceptible 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, passenger car export price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Democratic Republic of the Congo ($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 Armenia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Imports

Imports into the United Arab Emirates

In 2022, the amount of passenger cars imported into the United Arab Emirates surged to X units, picking up by X% compared with the year before. Overall, imports saw a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, passenger car imports surged to $X in 2022. Over the period under review, total imports indicated a prominent expansion 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 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Japan (X units), China (X units) and the United States (X units) were the main suppliers of passenger car imports to the United Arab Emirates, with a combined X% share of total imports.

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

In value terms, the largest passenger car suppliers to the United Arab Emirates were Japan ($X), the United States ($X) and China ($X), together comprising X% of total imports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average passenger car import price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for India ($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 more modest paces of growth.

Source: IndexBox Platform

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