Middle East: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in the Middle East

The Middle Eastern pneumatic tyre retreading machinery market skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, continues to indicate a temperate expansion. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in the Middle East

In value terms, pneumatic tyre retreading machinery production amounted to $X in 2022 estimated in export price. The total production indicated pronounced 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

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Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports in the Middle East

In 2022, approx. X units of machinery for moulding or retreading pneumatic tyres were exported in the Middle East; with an increase of X% against the year before. In general, exports, however, continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, pneumatic tyre retreading machinery exports shrank modestly to $X in 2022. Over the period under review, exports recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X units) was the major exporter of machinery for moulding or retreading pneumatic tyres, creating X% of total exports. It was distantly followed by the United Arab Emirates (X units) and Iran (X units), together making up a X% share of total exports.

Turkey was also the fastest-growing in terms of the machinery for moulding or retreading pneumatic tyres exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. By contrast, Iran (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.), the United Arab Emirates (X p.p.) and Iran (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest pneumatic tyre retreading machinery supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, dropping by X% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices failed to regain momentum.

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 Turkey ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports in the Middle East

In 2022, purchases abroad of machinery for moulding or retreading pneumatic tyres decreased by X% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pneumatic tyre retreading machinery imports expanded rapidly to $X in 2022. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Kuwait represented the main importer of machinery for moulding or retreading pneumatic tyres in the Middle East, with the volume of imports recording X units, which was near X% of total imports in 2022. Bahrain (X units) ranks second in terms of the total imports with a X% share, followed by Turkey (X%), Qatar (X%) and Oman (X%). Iran (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

Imports into Kuwait increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Turkey (X%) and Iran (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Oman experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) and Qatar (X%) illustrated a downward trend over the same period. Kuwait (X p.p.), Bahrain (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates and Qatar 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, Turkey ($X) constitutes the largest market for imported machinery for moulding or retreading pneumatic tyres in the Middle East, comprising X% of total imports. The second position in the ranking was held by Iran ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In Turkey, pneumatic tyre retreading machinery imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Iran (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Overall, the import price, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Turkey ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iran (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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