Middle East: Motor Vehicle Engine Market 2024

Motor Vehicle Engine Market Size in the Middle East

After two years of growth, the Middle Eastern motor vehicle engine market decreased by -5.3% to $X in 2021. Overall, consumption, however, enjoyed a buoyant expansion. As a result, consumption reached the peak level of $X, and then declined in the following year.

Motor Vehicle Engine Production in the Middle East

In value terms, motor vehicle engine production plummeted to $X in 2021 estimated in export price. In general, production, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 48% against the previous year. The level of production peaked at $X in 2020, and then shrank sharply in the following year.

Motor Vehicle Engine Exports

Exports in the Middle East

In 2021, after three years of decline, there was significant growth in overseas shipments of motor vehicle engines (spark-ignition), when their volume increased by 36% to X tons. In general, exports recorded a remarkable increase. The growth pace was the most rapid in 2015 with an increase of 194%. 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 soared to $X in 2021. Over the period under review, exports showed a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 243%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

In 2021, Turkey (X tons) was the largest exporter of motor vehicle engines (spark-ignition), comprising 86% of total exports. It was distantly followed by the United Arab Emirates (X tons), committing a 13% share of total exports.

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%) displayed positive paces of growth. From 2012 to 2021, the share of Turkey increased by +17 percentage points.

In value terms, Turkey ($X) remains the largest motor vehicle engine supplier in the Middle East, comprising 94% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.9% 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.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, growing by 25% against the previous year. In general, the export price showed a remarkable increase. The growth pace was the most rapid in 2020 an increase of 36% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+6.7%).

Motor Vehicle Engine Imports

Imports in the Middle East

In 2021, supplies from abroad of motor vehicle engines (spark-ignition) increased by 59% to X tons for the first time since 2017, thus ending a three-year declining trend. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +9.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are 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 posted a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the largest importer of motor vehicle engines (spark-ignition) in the Middle East, with the volume of imports amounting to X tons, which was approx. 75% of total imports in 2021. It was distantly followed by the United Arab Emirates (X tons), achieving a 15% share of total imports. Iran (X tons) and Lebanon (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the motor vehicle engines (spark-ignition) imports, with a CAGR of +13.1% from 2012 to 2021. At the same time, the United Arab Emirates (+11.0%) and Lebanon (+5.9%) displayed positive paces of growth. By contrast, Iran (-6.9%) illustrated a downward trend over the same period. Turkey (+18 p.p.) and the United Arab Emirates (+1.7 p.p.) significantly strengthened its position in terms of the total imports, while Iran saw its share reduced by -13.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported motor vehicle engines (spark-ignition) in the Middle East, comprising 83% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 11% share of total imports. It was followed by Iran, with a 3.3% share.

In Turkey, motor vehicle engine imports expanded at an average annual rate of +19.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+5.5% per year) and Iran (-4.7% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, rising by 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

Source: IndexBox Platform

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