MENA: Snow Motor Vehicle Market 2024

Snow Motor Vehicle Market Size in MENA

The MENA's snow motor vehicle market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption, however, recorded a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Snow Motor Vehicle Production in MENA

In value terms, snow motor vehicle production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a notable increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

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Snow Motor Vehicle Exports

Exports in MENA

In 2022, after two years of decline, there was significant growth in shipments abroad of motor vehicles for travelling on snow or golf cars, when their volume increased by X% to X units. Overall, exports saw significant growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, snow motor vehicle exports soared to $X in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the main exporter of motor vehicles for travelling on snow or golf cars, mixing up X% of total exports. Turkey (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Israel (X%).

From 2012 to 2022, average annual rates of growth with regard to snow motor vehicle exports from the United Arab Emirates stood at X%. At the same time, Turkey (X%) and Israel (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Turkey and Israel increased by X and X percentage points, respectively.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, showed a modest expansion. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Israel ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the export price figures.

Snow Motor Vehicle Imports

Imports in MENA

In 2022, supplies from abroad of motor vehicles for travelling on snow or golf cars decreased by X% to X units, falling for the second year in a row after two years of growth. Overall, imports, however, recorded mild growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, snow motor vehicle imports rose rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the largest importer of motor vehicles for travelling on snow or golf cars, achieving X% of total imports. It was distantly followed by Israel (X units), Qatar (X units), Egypt (X units) and Saudi Arabia (X units), together generating a X% share of total imports. Iraq (X units), Libya (X units) and Morocco (X units) followed a long way behind the leaders.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of motor vehicles for travelling on snow or golf cars. At the same time, Egypt (X%), Iraq (X%), Qatar (X%), Morocco (X%), Israel (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Egypt emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Libya (X%) illustrated a downward trend over the same period. Qatar (X p.p.), Egypt (X p.p.), Iraq (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Libya saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest snow motor vehicle importing markets in MENA were the United Arab Emirates ($X), Saudi Arabia ($X) and Israel ($X), with a combined X% share of total imports. Qatar, Egypt, Iraq, Morocco and Libya lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Egypt, with a CAGR of X%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, increasing by X% against the previous year. Overall, the import price posted a buoyant increase. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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