MENA: Market for Motor Vehicle Chassis Fitted With Engines 2024

Market Size for Motor Vehicle Chassis Fitted With Engines in MENA

The MENA's market for motor vehicle chassis fitted with engines rose markedly to $X in 2022, increasing by 9.5% against the previous year. Over the period under review, consumption, however, saw a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Motor Vehicle Chassis Fitted With Engines in MENA

In value terms, production of motor vehicle chassis fitted with engines expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible descent. The growth pace was the most rapid in 2020 with an increase of 50%. Over the period under review, production of attained the peak level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Motor Vehicle Chassis Fitted With Engines

Exports in MENA

In 2022, the amount of motor vehicle chassis fitted with engines exported in MENA reduced markedly to X units, with a decrease of -21.3% on the year before. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 with an increase of 231%. As a result, the exports reached the peak of X units. From 2019 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of motor vehicle chassis fitted with engines declined dramatically to $X in 2022. Over the period under review, exports, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2018 when exports increased by 165% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) represented the major exporters of motor vehicle chassis fitted with engines in 2022, reaching near 37% and 37% of total exports, respectively. Israel (X units) ranks next in terms of the total exports with a 12% share, followed by Bahrain (7.4%). Kuwait (X units) took a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Israel (with a CAGR of +41.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Israel ($X) and Turkey ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 82% of total exports.

Israel, with a CAGR of +57.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in MENA amounted to $X per unit, with a decrease of -3.9% against the previous year. Overall, the export price, however, continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 when the export price increased by 55%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+11.2%), while the other leaders experienced more modest paces of growth.

Imports of Motor Vehicle Chassis Fitted With Engines

Imports in MENA

In 2022, the amount of motor vehicle chassis fitted with engines imported in MENA fell to X units, which is down by -13.4% compared with 2021. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, imports of hit record highs at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, imports of motor vehicle chassis fitted with engines rose rapidly to $X in 2022. In general, imports showed a mild setback. The most prominent rate of growth was recorded in 2014 when imports increased by 17%. 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 was the key importing country with an import of about X units, which resulted at 57% of total imports. It was distantly followed by Israel (X units) and Egypt (X units), together achieving a 33% share of total imports. The following importers - Iran (X units) and Iraq (X units) - each finished at a 4.5% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to motor vehicle chassis fitted with engines imports into the United Arab Emirates stood at +1.6%. At the same time, Israel (+15.2%), Egypt (+5.7%) and Iran (+5.6%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of +15.2% from 2012-2022. By contrast, Iraq (-1.5%) illustrated a downward trend over the same period. Israel (+20 p.p.), the United Arab Emirates (+5.9 p.p.) and Egypt (+2.5 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, Israel ($X) constitutes the largest market for imported motor vehicle chassis fitted with engines in MENA, comprising 54% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total imports. It was followed by Egypt, with a 13% share.

In Israel, imports of motor vehicle chassis fitted with engines increased at an average annual rate of +2.2% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-7.4% per year) and Egypt (+2.2% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, rising by 29% against the previous year. Over the period under review, the import price, however, showed a mild decrease. The most prominent rate of growth was recorded in 2017 an increase of 92%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (-0.5%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform