Middle East: Non-Propelled Vehicle Axle Market 2020

Non-Propelled Vehicle Axle Market Size in Middle East

The revenue of the non-propelled vehicle axle market in Middle East amounted to $X in 2017, surging by X% against the previous year. The non-propelled vehicle axle consumption continues to indicate a temperate shrinkage. The most prominent rate of growth was recorded in 2017, when it surged by X% against the previous year. Over the period under review, the non-propelled vehicle axle market attained its peak figure level of $X in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Non-Propelled Vehicle Axle Production in Middle East

The non-propelled vehicle axle production totaled X tons in 2017, going up by X% against the previous year. The total output volume increased an average annual rate of +X% from 2007 to 2017; the trend pattern remained consistent, with somewhat noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2017, when the output figure increased by X% against the previous year. In that year, the non-propelled vehicle axle production attained their peak volume, and is likely to continue its growth in the immediate term.

Non-Propelled Vehicle Axle Exports in Middle East

In 2017, the amount of axles of vehicles which are not mechanically propelled exported in Middle East totaled X tons, jumping by X% against the previous year. The non-propelled vehicle axle exports continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2010, when exports increased by X% y-o-y. Over the period under review, the non-propelled vehicle axle exports attained its maximum volume in 2017, and are likely to see steady growth in the immediate term.

In value terms, non-propelled vehicle axle exports totaled $X in 2017. The total exports indicated a prominent expansion from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the non-propelled vehicle axle exports increased by +X% against 2014 indices. In that year, the non-propelled vehicle axle exports attained their peak level, and are likely to continue its growth in the immediate term.

Non-Propelled Vehicle Axle Exports by Country in Middle East

Turkey dominates non-propelled vehicle axle exports structure, accounting for X tons, which was approx. X% of total exports in 2017. It was distantly followed by the United Arab Emirates (X tons), comprising X% share of total exports. Kuwait (X tons) occupied the minor share of total exports.

Exports from Turkey increased at an average annual rate of +X% from 2007 to 2017. At the same time, Kuwait (+X%) and the United Arab Emirates (+X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest growing exporter in Middle East, with a CAGR of +X% from 2007-2017. From 2007 to 2017, the share of Kuwait and Turkey decreased by -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest non-propelled vehicle axle supplier in Middle East, making up X% of global exports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global exports. It was followed by Kuwait, with a X% share.

In Turkey, non-propelled vehicle axle exports increased at an average annual rate of +X% over the period from 2007-2017. In the other countries, the average annual rates were as follows: the United Arab Emirates (-X% per year) and Kuwait (+X% per year).

Non-Propelled Vehicle Axle Export Prices by Country in Middle East

In 2017, the non-propelled vehicle axle export price in Middle East amounted to $X per ton, growing by X% against the previous year. The non-propelled vehicle axle export price continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2017, an increase of X% against the previous year. The level of export price peaked of $X per ton in 2008; however, from 2009 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Turkey (-X% per year), while the other leaders experienced a decline in the export price figures.

Non-Propelled Vehicle Axle Imports in Middle East

In 2017, the amount of axles of vehicles which are not mechanically propelled imported in Middle East amounted to X tons, dropping by -X% against the previous year. The non-propelled vehicle axle imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014, when it surged by X% y-o-y. In that year, the non-propelled vehicle axle imports attained their peak volume of X tons. From 2015 to 2017, growth of the non-propelled vehicle axle imports stood at a somewhat lower level.

In value terms, non-propelled vehicle axle imports amounted to $X in 2017. The non-propelled vehicle axle imports continue to indicate a relatively flat trend pattern. In that year, the non-propelled vehicle axle imports reached their peak level of $X. From 2015 to 2017, growth of the non-propelled vehicle axle imports stood at a somewhat lower level.

Non-Propelled Vehicle Axle Imports by Country in Middle East

The imports of the five major importers of axles of vehicles which are not mechanically propelled, namely Turkey, the United Arab Emirates, Saudi Arabia, Iran and Israel, represented more than two-thirds of total import. The following importers - Jordan (X tons) and Kuwait (X tons) together made up X% of total imports.

From 2007 to 2017, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported axles of vehicles which are not mechanically propelled in Middle East, making up X% of global imports. The second position in the ranking was occupied by the United Arab Emirates ($X), with a X% share of global imports. It was followed by Iran, with a X% share.

In Turkey, non-propelled vehicle axle imports remained relatively stable over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (-X% per year) and Iran (+X% per year).

Non-Propelled Vehicle Axle Import Prices by Country in Middle East

In 2017, the non-propelled vehicle axle import price in Middle East amounted to $X per ton, jumping by X% against the previous year. The non-propelled vehicle axle import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2011, an increase of X% against the previous year. The level of import price peaked of $X per ton in 2012; however, from 2013 to 2017, it failed to regain its momentum.

There were significant differences in the average import prices amongst the major importing countries. In 2017, the country with the highest import price was Turkey ($X per ton), while Jordan ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Iran (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform