United Arab Emirates: Trailer And Semi-Trailer Market 2024

Trailer And Semi-Trailer Market Size in the United Arab Emirates

The trailer and semi-trailer market in the United Arab Emirates stood at $X in 2022, increasing by 3.1% against the previous year. Overall, consumption, however, saw a resilient increase. Trailer and semi-trailer consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Trailer And Semi-Trailer Production in the United Arab Emirates

In value terms, trailer and semi-trailer production rose significantly to $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The pace of growth appeared the most rapid in 2019 when the production volume increased by 81%. Trailer and semi-trailer production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Trailer And Semi-Trailer Exports

Exports from the United Arab Emirates

In 2022, shipments abroad of cargo trailers and semi-trailers increased by 60% to X units, rising for the second year in a row after two years of decline. In general, exports showed a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 122% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, trailer and semi-trailer exports stood at $X in 2022. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of 213% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Bahrain (X units), Niger (X units) and Mauritius (X units) were the main destinations of trailer and semi-trailer exports from the United Arab Emirates, with a combined 39% share of total exports. Spain, Jordan, Tanzania, India and Qatar lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +82.6%), while the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X) emerged as the key foreign market for cargo trailers and semi-trailers exports from the United Arab Emirates, comprising 27% of total exports. The second position in the ranking was held by Qatar ($X), with an 8.2% share of total exports. It was followed by India, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to Bahrain stood at +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (-11.9% per year) and India (+121.1% per year).

Export Prices by Country

The average trailer and semi-trailer export price stood at $X per unit in 2022, shrinking by -31.1% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 41%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per unit), while the average price for exports to Mauritius ($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 Ethiopia (+22.9%), while the prices for the other major destinations experienced more modest paces of growth.

Trailer And Semi-Trailer Imports

Imports into the United Arab Emirates

In 2022, overseas purchases of cargo trailers and semi-trailers increased by 1.5% to X units, rising for the third year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 with an increase of 162%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, trailer and semi-trailer imports skyrocketed to $X in 2022. Overall, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -16.2% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 49%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the UK (X units) and Poland (X units) were the main suppliers of trailer and semi-trailer imports to the United Arab Emirates, together comprising 30% of total imports. Italy, the United States, France, Spain, Singapore, Germany, Turkey, Belgium and the Netherlands lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +64.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest trailer and semi-trailer suppliers to the United Arab Emirates were the UK ($X), Germany ($X) and Singapore ($X), with a combined 21% share of total imports. Spain, Italy, France, the United States, Turkey, China, Poland, the Netherlands and Belgium lagged somewhat behind, together accounting for a further 32%.

Spain, with a CAGR of +39.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average trailer and semi-trailer import price amounted to $X per unit, with an increase of 22% against the previous year. In general, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when the average import price increased by 187% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+32.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform