GCC: Internal Combustion Engines Market 2025

Internal Combustion Engines Market Size in GCC

The GCC internal combustion engines market skyrocketed to $X in 2021, picking up by 50% against the previous year. Overall, consumption, however, saw a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Internal Combustion Engines Production in GCC

In value terms, internal combustion engines production soared to $X in 2021 estimated in export price. Overall, production, however, recorded a drastic downturn. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Internal Combustion Engines Exports

Exports in GCC

In 2021, overseas shipments of motor vehicles compression-ignition internal combustion piston engines decreased by -6.5% to X units, falling for the second year in a row after three years of growth. Over the period under review, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 135%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, internal combustion engines exports skyrocketed to $X in 2021. Total exports indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.3% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by 101% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) represented roughly 98% of total exports in 2021.

The United Arab Emirates was also the fastest-growing in terms of the motor vehicles compression-ignition internal combustion piston engines exports, with a CAGR of +7.2% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest internal combustion engines supplier in GCC.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +2.4%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, jumping by 23% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United Arab Emirates amounted to -4.5% per year.

Internal Combustion Engines Imports

Imports in GCC

Internal combustion engines imports expanded sharply to X units in 2021, surging by 13% on the previous year's figure. Total imports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +8.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +36.7% against 2017 indices. The pace of growth was the most pronounced in 2015 with an increase of 94% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, internal combustion engines imports surged to $X in 2021. Over the period under review, imports, however, showed a perceptible curtailment. The most prominent rate of growth was recorded in 2019 when imports increased by 47% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

Saudi Arabia (X units) and the United Arab Emirates (X units) dominates imports structure, together achieving 98% of total imports. Qatar (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Qatar (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest internal combustion engines importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X), together comprising 99% of total imports.

The United Arab Emirates, with a CAGR of +4.6%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, with an increase of 22% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2019 when the import price increased by 51%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-5.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform