MENA: Pedestrian-Controlled Tractor Market 2024

Pedestrian-Controlled Tractor Market Size in MENA

The MENA's pedestrian-controlled tractor market expanded markedly to $X in 2022, picking up by 8.3% against the previous year. The market value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Pedestrian-Controlled Tractor Production in MENA

In value terms, pedestrian-controlled tractor production rose markedly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 39%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Pedestrian-Controlled Tractor Exports

Exports in MENA

In 2022, overseas shipments of pedestrian-controlled tractors increased by 0.2% to X units, rising for the third year in a row after two years of decline. In general, exports, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2020 with an increase of 99%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pedestrian-controlled tractor exports rose significantly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 73%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X units) represented the largest exporter of pedestrian-controlled tractors, committing 52% of total exports. Kuwait (X units) ranks second in terms of the total exports with a 19% share, followed by Oman (15%) and the United Arab Emirates (9.7%). Iran (X units) followed a long way behind the leaders.

Exports from Turkey increased at an average annual rate of +10.8% from 2012 to 2022. At the same time, Oman (+53.0%), Kuwait (+28.7%) and the United Arab Emirates (+7.7%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of +53.0% from 2012-2022. By contrast, Iran (-37.9%) illustrated a downward trend over the same period. While the share of Turkey (+45 p.p.), Kuwait (+18 p.p.), Oman (+15 p.p.) and the United Arab Emirates (+8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Iran (-75.8 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) emerged as the largest pedestrian-controlled tractor supplier in MENA, comprising 63% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by Kuwait, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled +4.4%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+13.4% per year) and Kuwait (+24.5% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, picking up by 8.8% against the previous year. Over the period under review, the export price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2015 when the export price increased by 21% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+5.3%), while the other leaders experienced mixed trends in the export price figures.

Pedestrian-Controlled Tractor Imports

Imports in MENA

In 2022, approx. X units of pedestrian-controlled tractors were imported in MENA; increasing by 36% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a pronounced descent. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, pedestrian-controlled tractor imports dropped rapidly to $X in 2022. Overall, imports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 59% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Turkey (X units), distantly followed by Egypt (X units), Yemen (X units), Saudi Arabia (X units), the United Arab Emirates (X units) and Kuwait (X units) were the key importers of pedestrian-controlled tractors, together constituting 83% of total imports. Oman (X units) held a little share of total imports.

Imports into Turkey decreased at an average annual rate of -4.7% from 2012 to 2022. At the same time, Kuwait (+38.9%), Oman (+6.8%) and Egypt (+1.6%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in MENA, with a CAGR of +38.9% from 2012-2022. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Yemen (-6.5%) and Saudi Arabia (-8.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait, Egypt, the United Arab Emirates and Oman increased by +8.7, +4.6, +3.2 and +2 percentage points, respectively.

In value terms, Saudi Arabia ($X) constitutes the largest market for imported pedestrian-controlled tractors in MENA, comprising 57% of total imports. The second position in the ranking was held by Egypt ($X), with an 8.1% share of total imports. It was followed by the United Arab Emirates, with a 6.3% share.

In Saudi Arabia, pedestrian-controlled tractor imports contracted by an average annual rate of -9.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Egypt (-0.8% per year) and the United Arab Emirates (-8.2% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, declining by -45.9% against the previous year. Overall, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when the import price increased by 130% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined markedly in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Saudi Arabia ($X per unit), while Yemen ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform