Middle East: 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 the Middle East

The Middle Eastern market for tyres for agriculture, forestry, construction, industry and other off the road vehicles declined slightly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles contracted dramatically to $X in 2022 estimated in export price. In general, production, however, saw buoyant growth. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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

Exports in the Middle East

In 2022, overseas shipments 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 a remarkable increase 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 most prominent rate of growth was recorded in 2016 when exports increased by 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 expanded notably to $X in 2022. Total exports indicated a resilient expansion 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. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Turkey was the key exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in the Middle East, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. The United Arab Emirates (X units) took the second position in the ranking, followed by Israel (X units). All these countries together took approx. 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 the Middle East, with a CAGR of X% from 2012-2022. The United Arab Emirates (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by X% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at X%. In the other countries, the average annual rates were as follows: Israel (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, surging by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure 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 the Middle East

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles imported in the Middle East reached X units, surging by X% against 2021. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose rapidly to $X in 2022. Total imports indicated modest 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, imports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. 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 expected to retain growth in years to come.

Imports by Country

Iran was the main importer of tyres for agriculture, forestry, construction, industry and other off the road vehicles in the Middle East, with the volume of imports accounting for X units, which was near X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units), Turkey (X units) and Lebanon (X units), together making up a X% share of total imports. Iraq (X units), Oman (X units) and Israel (X units) took a minor share of total imports.

Imports into Iran increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%), Lebanon (X%), the United Arab Emirates (X%), Iraq (X%) and Israel (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. Iran (X p.p.), Lebanon (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while Israel, Iraq, the United Arab Emirates and Turkey saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

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

In terms of the main importing countries, Lebanon, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 the Middle East amounted to $X per unit, declining by X% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth appeared the most rapid 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 Israel ($X per unit), while Iran ($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 more modest paces of growth.

Source: IndexBox Platform

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