MENA: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in MENA

In 2021, the MENA's motor vehicle engine market decreased by -7.6% to $X for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, consumption, however, saw a buoyant expansion. As a result, consumption attained the peak level of $X, and then reduced in the following year.

Motor Vehicle Engine Production in MENA

In value terms, motor vehicle engine production declined to $X in 2021 estimated in export price. Overall, production, however, saw a strong increase. The growth pace was the most rapid in 2020 when the production volume increased by 39% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Motor Vehicle Engine Exports

Exports in MENA

After three years of decline, shipments abroad of motor vehicle engines (spark-ignition) increased by 35% to X tons in 2021. In general, exports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 180% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, motor vehicle engine exports skyrocketed to $X in 2021. Over the period under review, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 202% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Exports by Country

In 2021, Turkey (X tons) represented the largest exporter of motor vehicle engines (spark-ignition), achieving 83% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a 13% share of total exports. Tunisia (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the motor vehicle engines (spark-ignition) exports, with a CAGR of +20.5% from 2012 to 2021. At the same time, the United Arab Emirates (+9.0%) and Tunisia (+4.0%) displayed positive paces of growth. While the share of Turkey (+19 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Tunisia (-3.2 p.p.) and the United Arab Emirates (-11.8 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest motor vehicle engine supplier in MENA, comprising 91% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.7% share of total exports.

In Turkey, motor vehicle engine exports increased at an average annual rate of +28.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+6.0% per year) and Tunisia (+2.2% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 25% against the previous year. In general, the export price saw a prominent increase. The pace of growth appeared the most rapid in 2020 when the export price increased by 35% against the previous year. Over the period under review, the export prices attained the maximum in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%), while the other leaders experienced a decline in the export price figures.

Motor Vehicle Engine Imports

Imports in MENA

In 2021, purchases abroad of motor vehicle engines (spark-ignition) was finally on the rise to reach X tons after three years of decline. Overall, imports continue to indicate a strong expansion. The growth pace was the most rapid in 2016 when imports increased by 28%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, motor vehicle engine imports skyrocketed to $X in 2021. Over the period under review, imports continue to indicate a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey represented the major importer of motor vehicle engines (spark-ignition) in MENA, with the volume of imports recording X tons, which was near 61% of total imports in 2021. The United Arab Emirates (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Morocco (10%). The following importers - Tunisia (X tons), Iran (X tons), Egypt (X tons) and Lebanon (X tons) - together made up 12% of total imports.

Imports into Turkey increased at an average annual rate of +13.1% from 2012 to 2021. At the same time, Tunisia (+17.8%), the United Arab Emirates (+11.0%), Morocco (+9.5%), Egypt (+8.2%) and Lebanon (+5.9%) displayed positive paces of growth. Moreover, Tunisia emerged as the fastest-growing importer imported in MENA, with a CAGR of +17.8% from 2012-2021. By contrast, Iran (-6.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Tunisia increased by +14 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) in MENA, comprising 70% of total imports. The second position in the ranking was taken by Morocco ($X), with an 11% share of total imports. It was followed by the United Arab Emirates, with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at +19.2%. The remaining importing countries recorded the following average annual rates of imports growth: Morocco (+15.3% per year) and the United Arab Emirates (+5.5% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per ton, rising by 7.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2018 an increase of 12% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkey ($X per ton), while Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+5.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform