MENA: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in MENA

For the seventh year in a row, the MENA's motorcycle or bicycle tyre market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, recorded buoyant growth. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in the near future.

Production of Tyres For Motorcycles or Bicycles in MENA

In value terms, motorcycle or bicycle tyre production rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a buoyant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports in MENA

In 2022, shipments abroad of tyres for motorcycles or bicycles increased by X% to X units, rising for the third consecutive year after four years of decline. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, motorcycle or bicycle tyre exports surged to $X in 2022. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) were the largest exporters of tyres for motorcycles or bicycles in 2022, reaching near X% and X% of total exports, respectively. It was distantly followed by Iran (X units), creating a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the largest motorcycle or bicycle tyre supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Iran ($X), with a X% share of total exports.

In the United Arab Emirates, motorcycle or bicycle tyre exports expanded 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: Iran (X% per year) and Turkey (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2016 when the export price increased by X%. 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 the United Arab Emirates ($X per unit), while Turkey ($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 more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports in MENA

In 2022, after two years of growth, there was significant decline in supplies from abroad of tyres for motorcycles or bicycles, when their volume decreased by X% to X units. Total imports indicated a mild 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 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted remarkably in the following year.

In value terms, motorcycle or bicycle tyre imports dropped to $X in 2022. Total imports indicated a noticeable increase 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, imports increased by X% against 2017 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

Turkey represented the major importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Iraq (X units), the United Arab Emirates (X units), Morocco (X units) and Tunisia (X units), together creating a X% share of total imports. Yemen (X units), Algeria (X units), Egypt (X units), Israel (X units), Syrian Arab Republic (X units) and Iran (X units) held a relatively small share of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%), Israel (X%), Morocco (X%), Yemen (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, Syrian Arab Republic (X%), Algeria (X%), Iran (X%) and Egypt (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Iraq and Morocco increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motorcycle or bicycle tyre importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Iraq ($X), with a combined X% share of total imports.

Iraq, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of 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

The import price in MENA stood at $X per unit in 2022, picking up by X% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price 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. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 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 Egypt ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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