GCC: Invalid Carriage Market 2025

Invalid Carriage Exports

Exports in GCC

In 2022, the amount of invalid carriages not mechanically propelled exported in GCC reduced markedly to X units, waning by -16.8% on the previous year's figure. Over the period under review, exports faced a abrupt slump. The growth pace was the most rapid in 2017 when exports increased by 36% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, invalid carriage exports declined to $X in 2022. Overall, exports showed a significant decrease. The pace of growth appeared the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the key exporter of invalid carriages not mechanically propelled in GCC, with the volume of exports amounting to X units, which was approx. 78% of total exports in 2022. It was distantly followed by Oman (X units) and Saudi Arabia (X units), together constituting a 19% share of total exports. Kuwait (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates decreased at an average annual rate of -13.0% from 2012 to 2022. At the same time, Oman (+41.0%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +41.0% from 2012-2022. By contrast, Saudi Arabia (-1.8%) and Kuwait (-16.7%) illustrated a downward trend over the same period. Oman (+12 p.p.) and Saudi Arabia (+4 p.p.) significantly strengthened its position in terms of the total exports, while Kuwait and the United Arab Emirates saw its share reduced by -1.6% and -12.8% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) remains the largest invalid carriage supplier in GCC, comprising 76% of total exports. The second position in the ranking was taken by Oman ($X), with an 11% share of total exports. It was followed by Saudi Arabia, with a 6.3% share.

In the United Arab Emirates, invalid carriage exports decreased by an average annual rate of -22.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+61.8% per year) and Saudi Arabia (-2.8% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, increasing by 5.2% against the previous year. In general, the export price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 when the export price increased by 32% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 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 Saudi Arabia ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+14.8%), while the other leaders experienced a decline in the export price figures.

Invalid Carriage Imports

Imports in GCC

For the third year in a row, GCC recorded decline in supplies from abroad of invalid carriages not mechanically propelled, which decreased by -55.6% to X units in 2022. Over the period under review, imports recorded a abrupt decline. The pace of growth appeared the most rapid in 2013 when imports increased by 49% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, invalid carriage imports reduced sharply to $X in 2022. In general, imports recorded a noticeable slump. The growth pace was the most rapid in 2013 when imports increased by 38%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the main importing country with an import of around X units, which finished at 53% of total imports. Kuwait (X units) ranks second in terms of the total imports with an 18% share, followed by Oman (15%) and Qatar (10%). Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to invalid carriage imports into the United Arab Emirates stood at +4.0%. At the same time, Qatar (+20.2%), Oman (+11.0%) and Bahrain (+5.5%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +20.2% from 2012-2022. Kuwait experienced a relatively flat trend pattern. The United Arab Emirates (+35 p.p.), Oman (+13 p.p.), Kuwait (+9.3 p.p.), Qatar (+9.2 p.p.) and Bahrain (+2.9 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported invalid carriages not mechanically propelled in GCC, comprising 50% of total imports. The second position in the ranking was held by Kuwait ($X), with a 23% share of total imports. It was followed by Qatar, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+1.7% per year) and Qatar (+13.5% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per unit, picking up by 23% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+1.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform