Middle East: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in the Middle East

In 2022, the Middle Eastern retreaded pneumatic tyre market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, recorded a noticeable decline. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in the Middle East

In value terms, retreaded pneumatic tyre production reached $X in 2022 estimated in export price. In general, production, however, showed a perceptible decline. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in the Middle East

In 2022, exports of retreaded pneumatic tyres in the Middle East dropped to X units, with a decrease of X% compared with 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports contracted modestly to $X in 2022. Overall, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Israel was the main exporter of retreaded pneumatic tyres in the Middle East, with the volume of exports amounting to X units, which was near X% of total exports in 2022. The United Arab Emirates (X units) held the second position in the ranking, followed by Iran (X units) and Turkey (X units). All these countries together took near X% share of total exports. Oman (X units) and Lebanon (X units) held a little share of total exports.

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

In value terms, the largest retreaded pneumatic tyre supplying countries in the Middle East were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for X% of total exports. Oman, Iran and Lebanon lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Oman, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2019 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 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 Oman ($X per unit), while Israel ($X per unit) was amongst the lowest.

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

Retreaded Pneumatic Tyre Imports

Imports in the Middle East

In 2022, approx. X units of retreaded pneumatic tyres were imported in the Middle East; falling by X% on the previous year's figure. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of X%. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports expanded sharply to $X in 2022. Total imports indicated a tangible 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 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the five major importers of retreaded pneumatic tyres, namely Turkey, Lebanon, the United Arab Emirates, Jordan and Iraq, represented more than two-thirds of total import. Kuwait (X units) and Iran (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported retreaded pneumatic tyres in the Middle East, comprising X% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Jordan, with a X% share.

In Turkey, retreaded pneumatic tyre imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Jordan (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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 ($X per unit), while Lebanon ($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.

Source: IndexBox Platform