Middle East: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in the Middle East

The Middle Eastern motorcycle or bicycle tyre market was estimated at $X in 2022, approximately mirroring the previous year. Over the period under review, consumption, however, recorded a strong expansion. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Tyres For Motorcycles or Bicycles in the Middle East

In value terms, motorcycle or bicycle tyre production expanded to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant increase. The growth pace was the most rapid in 2016 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Exports of Tyres For Motorcycles or Bicycles

Exports in the Middle East

In 2022, overseas shipments of tyres for motorcycles or bicycles increased by X% to X units, rising for the third year in a row after four years of decline. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, motorcycle or bicycle tyre exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. 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) represented roughly X% of total exports in 2022. It was distantly followed by Iran (X units), mixing up a X% share of total exports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. 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

The export price in the Middle East stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by 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 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 the Middle East

In 2022, purchases abroad of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a noticeable 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, motorcycle or bicycle tyre imports expanded modestly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Turkey represented the major importing country with an import of around X units, which accounted for X% of total imports. Iraq (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%) and Yemen (X%). Israel (X units), Syrian Arab Republic (X units) and Iran (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to motorcycle or bicycle tyre imports into Turkey stood at X%. At the same time, Iraq (X%), Israel (X%), Yemen (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Syrian Arab Republic (X%) and Iran (X%) illustrated a downward trend over the same period. Iraq (X p.p.) significantly strengthened its position in terms of the total imports, while Turkey, Syrian Arab Republic and Iran saw its share reduced by X%, X% and X% from 2012 to 2022, 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 the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iraq ($X), together accounting for X% 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

In 2022, the import price in the Middle East amounted to $X per unit, rising by X% against the previous year. Import price indicated a notable increase 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 was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 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 Iran (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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