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Gulf Press > Gulf > Saudi Arabia > Saudi Arabia ranks among the top 20 global car markets.
Saudi Arabia

Saudi Arabia ranks among the top 20 global car markets.

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Last updated: 2024/05/04 at 4:42 PM
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The Saudi car market continues to thrive as a leading automotive market, solidifying its position in the global market. With over 160,000 cars imported into Saudi Arabia during the 2022-2023 period, the market represents more than half of all car sales in the Gulf Cooperation Council (GCC) countries. The Zakat, Tax and Customs Authority (ZATCA) recently announced the import of 93,199 cars in 2023 and 66,870 cars in 2022. The top countries exporting cars to Saudi Arabia were Japan, India, the Republic of Korea, the United States, and Thailand. In terms of vehicle safety, the Saudi Standards, Metrology and Quality Organization (SASO) reported inspecting over 60,000 vehicles in 2023 to ensure compliance with the highest technical and safety standards.

SASO also issued 18,150 energy efficiency certificates for tire products, highlighting its commitment to strict standards for tire quality and safety in the Saudi market. The organization’s spokesperson, Eng. Wael Al-Dhiyab, emphasized the significant contribution of SASO to promoting energy efficiency and product safety. Notably, SASO granted a 465% increase in certificates of conformity for electric vehicles in 2023 compared to the previous year, supporting the transition to clean energy. Additionally, SASO issued 1,505 fuel efficiency labels for new light vehicles, further emphasizing its role in enhancing vehicle safety and efficiency in the Saudi market.

The growth of the Saudi car market is evident in the increased number of cars imported into the country, with over 160,000 cars imported during the 2022-2023 period. This influx of vehicles positions Saudi Arabia as one of the top car markets globally, showcasing its strong presence in the automotive industry. The top exporting countries to Saudi Arabia include Japan, India, the Republic of Korea, the United States, and Thailand, indicating the diversity of car manufacturers contributing to the market’s growth. With such a large number of imported cars, the Saudi car market is set to continue its upward trajectory in the coming years.

In terms of vehicle safety, the Saudi Standards, Metrology and Quality Organization (SASO) plays a crucial role in ensuring that all vehicles imported into the country comply with the highest technical and safety standards. With over 60,000 vehicles inspected in 2023, SASO is dedicated to upholding strict standards for tire quality and safety in the Saudi market. The organization issued 18,150 energy efficiency certificates for tire products, further emphasizing its commitment to promoting energy efficiency and product safety. The significant increase in certificates of conformity for electric vehicles in 2023 highlights SASO’s support for the transition to clean energy, as well as its role in enhancing vehicle safety and efficiency.

The Saudi car market’s focus on promoting energy efficiency and product safety is evident in SASO’s issuance of 1,505 fuel efficiency labels for new light vehicles in 2023. As the market continues to grow and evolve, the organization’s efforts to ensure compliance with the highest standards reflect its commitment to enhancing vehicle safety and efficiency. With the automotive industry playing a significant role in the country’s economy, the Saudi car market is expected to maintain its position as a leading automotive market globally. By prioritizing vehicle safety, energy efficiency, and product quality, the market is poised for further growth and success in the years to come.

Overall, the Saudi car market has established itself as a prominent player in the global automotive industry, with strong growth and a commitment to promoting energy efficiency and product safety. The influx of over 160,000 cars imported into Saudi Arabia during the 2022-2023 period underscores the market’s significance in the region, representing more than half of all car sales in the Gulf Cooperation Council (GCC) countries. With top exporting countries like Japan, India, the Republic of Korea, the United States, and Thailand contributing to the market’s growth, the Saudi car market is positioned for continued success and expansion. SASO’s efforts to ensure compliance with the highest technical and safety standards, as well as its focus on promoting energy efficiency and product safety, further underscore the market’s commitment to enhancing vehicle safety and efficiency. As the Saudi car market continues to evolve, its strong presence in the automotive industry is set to drive further growth and prosperity in the years ahead.

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News Room May 4, 2024
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