MENA: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in MENA

The MENA's market for tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in MENA

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced dramatically to $X in 2022 estimated in export price. Overall, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in MENA

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by X% to X units, rising for the third year in a row after three years of decline. Total exports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X units; afterwards, it flattened through to 2022.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles totaled $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Turkey represented the key exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in MENA, with the volume of exports recording X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) held the second position in the ranking, followed by Israel (X units). All these countries together took near X% share of total exports.

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

In value terms, Turkey ($X) remains the largest agricultural, construction and industrial machinery tyre supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Israel ($X), with a X% share of total exports.

In Turkey, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Turkey ($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.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in MENA

In 2022, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles in MENA totaled X units, increasing by X% against 2021. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded remarkably to $X in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Iran (X units) was the main importer of tyres for agriculture, forestry, construction, industry and other off the road vehicles, mixing up X% of total imports. The United Arab Emirates (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%), Egypt (X%) and Libya (X%). Lebanon (X units), Iraq (X units), Oman (X units), Algeria (X units) and Morocco (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to agricultural, construction and industrial machinery tyre imports into Iran stood at X%. At the same time, Oman (X%), Lebanon (X%), Morocco (X%), the United Arab Emirates (X%), Iraq (X%) and Libya (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Egypt (X%) and Algeria (X%) illustrated a downward trend over the same period. While the share of Iran (X p.p.), Lebanon (X p.p.) and Oman (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (X p.p.), Libya (X p.p.), the United Arab Emirates (X p.p.), Algeria (X p.p.), Turkey (X p.p.) and Egypt (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural, construction and industrial machinery tyre importing markets in MENA were the United Arab Emirates ($X), Iran ($X) and Turkey ($X), together accounting for X% of total imports. Egypt, Iraq, Algeria, Morocco, Oman, Libya and Lebanon lagged somewhat behind, together accounting for a further X%.

Lebanon, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries 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, leveling off at the previous year. Overall, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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