GCC: Market for Road Tractors For Semi-Trailers 2025

Exports of Road Tractors For Semi-Trailers

Exports in GCC

In 2021, overseas shipments of road tractors for semi-trailers decreased by -26.9% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, exports, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 115% against the previous year. As a result, the exports attained the peak of X units, and then shrank rapidly in the following year.

In value terms, road tractor for semi-trailer exports declined rapidly to $X in 2021. In general, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2013 with an increase of 297% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted rapidly in the following year.

Exports by Country

The United Arab Emirates (X units) and Oman (X units) dominates exports structure, together mixing up 90% of total exports. It was distantly followed by Bahrain (X units), constituting a 5.2% share of total exports. Saudi Arabia (X units) took a relatively small share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the United Arab Emirates (with a CAGR of +20.7%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Oman ($X), the United Arab Emirates ($X) and Bahrain ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 95% of total exports.

The United Arab Emirates, with a CAGR of +26.6%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, surging by 7.6% against the previous year. Export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +11.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, road tractor for semi-trailer export price decreased by -13.9% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 107% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Oman ($X per unit) and the United Arab Emirates ($X per unit), while Bahrain ($X per unit) and Saudi Arabia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+15.8%), while the other leaders experienced more modest paces of growth.

Imports of Road Tractors For Semi-Trailers

Imports in GCC

In 2021, supplies from abroad of road tractors for semi-trailers increased by 40% to X units, rising for the fourth year in a row after three years of decline. In general, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 when imports increased by 79% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, road tractor for semi-trailer imports surged to $X in 2021. Over the period under review, imports recorded tangible growth. The pace of growth appeared the most rapid in 2014 with an increase of 69%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the largest importing country with an import of about X units, which reached 53% of total imports. It was distantly followed by Saudi Arabia (X units), Oman (X units) and Kuwait (X units), together committing a 45% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of +19.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 88% share of total imports. These countries were followed by Kuwait, which accounted for a further 8.8%.

Kuwait, with a CAGR of +19.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, reducing by -13% against the previous year. Overall, the import price saw a mild curtailment. The pace of growth was the most pronounced in 2014 an increase of 36%. Over the period under review, import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform