Saudi Arabia: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in Saudi Arabia

The Saudi trailer and semi-trailer market dropped modestly to $X in 2022, declining by -3% against the previous year. In general, consumption, however, recorded a resilient expansion. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Trailer And Semi-Trailer Production in Saudi Arabia

In value terms, trailer and semi-trailer production fell slightly to $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -8.8% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by 82% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Trailer And Semi-Trailer Exports

Exports from Saudi Arabia

Trailer and semi-trailer exports from Saudi Arabia rose slightly to X units in 2022, surging by 1.8% against the previous year. In general, exports, however, faced a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 182%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, trailer and semi-trailer exports shrank notably to $X in 2022. Overall, exports recorded a slight expansion. The most prominent rate of growth was recorded in 2021 with an increase of 913%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Italy (X units), Sudan (X units) and the United Arab Emirates (X units) were the main destinations of trailer and semi-trailer exports from Saudi Arabia, together accounting for 61% of total exports. Kuwait, Oman and Bahrain lagged somewhat behind, together comprising a further 8.4%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +27.7%), while shipments for the other leaders experienced a decline.

In value terms, Sudan ($X), the United Arab Emirates ($X) and Oman ($X) appeared to be the largest markets for trailer and semi-trailer exported from Saudi Arabia worldwide, with a combined 76% share of total exports.

Among the main countries of destination, Oman, with a CAGR of +41.5%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, with a decrease of -46.1% against the previous year. Over the period under review, the export price, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 2,844% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+89.0%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into Saudi Arabia

In 2022, the amount of cargo trailers and semi-trailers imported into Saudi Arabia stood at X units, stabilizing at 2021 figures. Over the period under review, imports posted a significant expansion. The smallest decline of 99.9% was in 2016. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, trailer and semi-trailer imports shrank modestly to $X in 2022. In general, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2019 with an increase of 63% against the previous year. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), the United Arab Emirates (X units) and Canada (X units) were the main suppliers of trailer and semi-trailer imports to Saudi Arabia, with a combined 33% share of total imports. Moreover, trailer and semi-trailer imports in the United States exceeded the figures recorded by the second-largest supplier, the United Arab Emirates, twofold.

From 2013 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of 0.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest trailer and semi-trailer suppliers to Saudi Arabia were the United States ($X), the United Arab Emirates ($X) and China ($X), together accounting for 69% of total imports. Germany, Turkey, the UK, Bahrain, France, Canada, Egypt and Spain lagged somewhat behind, together comprising a further 28%.

Among the main suppliers, Egypt, with a CAGR of +18.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average trailer and semi-trailer import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price recorded a sharp shrinkage. The pace of growth was the most pronounced in 2016 when the average import price decreased by 99.9% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.3%).

Source: IndexBox Platform