GCC: Transportation Vehicle Body Market 2025

Transportation Vehicle Body Market Size in GCC

The GCC transportation vehicle body market shrank modestly to $X in 2022, waning by -2.5% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Transportation Vehicle Body Production in GCC

In value terms, transportation vehicle body production fell modestly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 18% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Transportation Vehicle Body Exports

Exports in GCC

After four years of decline, shipments abroad of bodies for motor vehicles for the transporting people increased by 47% to X units in 2022. Over the period under review, exports, however, saw a noticeable reduction. The growth pace was the most rapid in 2015 with an increase of 1,677%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, transportation vehicle body exports soared to $X in 2022. In general, exports continue to indicate a modest increase. The most prominent rate of growth was recorded in 2015 with an increase of 6,513% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X units, which was approx. 88% of total exports in 2022. It was distantly followed by Bahrain (X units), creating a 6.9% share of total exports. Oman (X units) took a little share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -1.2% from 2012 to 2022. At the same time, Bahrain (+49.6%) and Oman (+34.2%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +49.6% from 2012-2022. From 2012 to 2022, the share of the United Arab Emirates, Bahrain and Oman increased by +25, +6.8 and +3.7 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest transportation vehicle body supplying countries in GCC were Bahrain ($X), the United Arab Emirates ($X) and Oman ($X), with a combined 98% share of total exports.

Among the main exporting countries, Bahrain, with a CAGR of +114.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, rising by 121% against the previous year. Overall, the export price enjoyed a prominent expansion. The pace of growth appeared the most rapid in 2015 when the export price increased by 272% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+43.6%), while the other leaders experienced mixed trends in the export price figures.

Transportation Vehicle Body Imports

Imports in GCC

In 2022, transportation vehicle body imports in GCC shrank markedly to X units, dropping by -35.8% against the year before. Over the period under review, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of 1,273%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, transportation vehicle body imports dropped markedly to $X in 2022. In general, imports showed a sharp shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 123%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X units, which recorded 64% of total imports. Qatar (X units) took the second position in the ranking, distantly followed by Kuwait (X units). All these countries together took approx. 34% share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of bodies for motor vehicles for the transporting people. At the same time, Kuwait (+17.8%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +17.8% from 2012-2022. By contrast, Qatar (-24.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+48 p.p.) and Kuwait (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (-61.1 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported bodies for motor vehicles for the transporting people in GCC, comprising 71% of total imports. The second position in the ranking was taken by Qatar ($X), with a 21% share of total imports.

In the United Arab Emirates, transportation vehicle body imports expanded at an average annual rate of +2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Qatar (+6.2% per year) and Kuwait (-0.9% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, reducing by -71.7% against the previous year. In general, the import price continues to indicate a abrupt decrease. The growth pace was the most rapid in 2019 an increase of 903%. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+40.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform