GCC: Market for Motor Vehicle Chassis Fitted With Engines 2025

Market Size for Motor Vehicle Chassis Fitted With Engines in GCC

The GCC market for motor vehicle chassis fitted with engines rose to $X in 2022, surging by 2.6% against the previous year. Overall, consumption showed a perceptible downturn. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Motor Vehicle Chassis Fitted With Engines in GCC

In value terms, production of motor vehicle chassis fitted with engines expanded markedly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable curtailment. The pace of growth was the most pronounced in 2020 with an increase of 30%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports in GCC

In 2022, approx. X units of motor vehicle chassis fitted with engines were exported in GCC; declining by -38.1% compared with the previous year's figure. Over the period under review, exports, however, posted a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 349%. Over the period under review, the exports of reached the peak figure at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, exports of motor vehicle chassis fitted with engines contracted significantly to $X in 2022. In general, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 102% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the main exporter of motor vehicle chassis fitted with engines in GCC, with the volume of exports finishing at X units, which was approx. 79% of total exports in 2022. It was distantly followed by Bahrain (X units), generating a 16% share of total exports. Kuwait (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to motor vehicle chassis fitted with engines exports from the United Arab Emirates stood at +14.3%. At the same time, Bahrain (+39.7%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +39.7% from 2012-2022. By contrast, Kuwait (-2.5%) illustrated a downward trend over the same period. While the share of Bahrain (+16 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kuwait (-14.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest motor vehicle chassis fitted with engines supplier in GCC, comprising 89% of total exports. The second position in the ranking was held by Bahrain ($X), with a 3.9% share of total exports.

In the United Arab Emirates, exports of motor vehicle chassis fitted with engines increased at an average annual rate of +13.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (+44.3% per year) and Kuwait (-11.9% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, surging by 33% against the previous year. Overall, the export price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in 2016 an increase of 129% against the previous year. The level of export peaked 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 ($X per unit), while Bahrain ($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 (+3.3%), while the other leaders experienced a decline in the export price figures.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in GCC

In 2022, approx. X units of motor vehicle chassis fitted with engines were imported in GCC; falling by -25.7% against the previous year. Overall, imports continue to indicate a perceptible descent. The pace of growth appeared the most rapid in 2019 with an increase of 110%. Over the period under review, imports of attained the peak figure at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, imports of motor vehicle chassis fitted with engines reached $X in 2022. In general, imports saw a drastic downturn. The pace of growth was the most pronounced in 2014 when imports increased by 88% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the one major importers of motor vehicle chassis fitted with engines, namely the United Arab Emirates, represented more than two-thirds of total import.

The United Arab Emirates was also the fastest-growing in terms of the motor vehicle chassis fitted with engines imports, with a CAGR of +1.6% from 2012 to 2022. While the share of the United Arab Emirates (+33 p.p.) increased significantly, 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 motor vehicle chassis fitted with engines in GCC.

In the United Arab Emirates, imports of motor vehicle chassis fitted with engines declined by an average annual rate of -7.4% over the period from 2012-2022.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, growing by 39% against the previous year. Over the period under review, the import price, however, saw a abrupt decline. The growth pace was the most rapid in 2017 when the import price increased by 105% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to -8.8% per year.

Source: IndexBox Platform