Middle East: Internal Combustion Engines Market 2024

Internal Combustion Engines Market Size in the Middle East

In 2021, the Middle Eastern internal combustion engines market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Internal Combustion Engines Production in the Middle East

In value terms, internal combustion engines production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 96% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Internal Combustion Engines Exports

Exports in the Middle East

In 2021, shipments abroad of motor vehicles compression-ignition internal combustion piston engines decreased by -51.1% to X units, falling for the third year in a row after four years of growth. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of 43% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, internal combustion engines exports dropped remarkably to $X in 2021. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 44%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X units, which resulted at 73% of total exports. It was distantly followed by Turkey (X units), creating a 25% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the motor vehicles compression-ignition internal combustion piston engines exports, with a CAGR of +7.2% from 2012 to 2021. Turkey (-18.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+54 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-54.8 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest internal combustion engines supplier in the Middle East, comprising 71% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled -14.9%.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, dropping by -25.2% against the previous year. Overall, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2016 when the export price increased by 14% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+4.5%).

Internal Combustion Engines Imports

Imports in the Middle East

In 2021, after three years of decline, there was significant growth in purchases abroad of motor vehicles compression-ignition internal combustion piston engines, when their volume increased by 14% to X units. The total import volume increased at an average annual rate of +1.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 28%. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, internal combustion engines imports soared to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2017; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Turkey (X units) represented the largest importer of motor vehicles compression-ignition internal combustion piston engines, making up 77% of total imports. Saudi Arabia (X units) took the second position in the ranking, followed by the United Arab Emirates (X units). All these countries together took near 19% share of total imports. Iraq (X units) held a minor share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of motor vehicles compression-ignition internal combustion piston engines. At the same time, Iraq (+28.6%), the United Arab Emirates (+10.3%) and Saudi Arabia (+7.4%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +28.6% from 2012-2021. From 2012 to 2021, the share of the United Arab Emirates, Saudi Arabia and Iraq increased by +4.4, +4 and +2 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported motor vehicles compression-ignition internal combustion piston engines in the Middle East, comprising 89% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.5% share of total imports. It was followed by Saudi Arabia, with a 3% share.

From 2012 to 2021, the average annual growth rate of value in Turkey amounted to +1.7%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+4.6% per year) and Saudi Arabia (-10.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, growing by 6.1% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the import price increased by 8.1% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :