MENA: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in MENA

The MENA's retreaded pneumatic tyre market declined to $X in 2022, remaining stable against the previous year. Over the period under review, consumption, however, recorded a perceptible descent. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in MENA

In value terms, retreaded pneumatic tyre production fell slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports in MENA

In 2022, approx. X units of retreaded pneumatic tyres were exported in MENA; waning by X% against 2021 figures. In general, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, retreaded pneumatic tyre exports reduced modestly to $X in 2022. Over the period under review, exports continue to indicate a pronounced reduction. The pace of growth appeared 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 remained at a lower figure.

Exports by Country

Israel represented the major exporting country with an export of about X units, which resulted at X% of total exports. It was distantly followed by the United Arab Emirates (X units), Iran (X units), Turkey (X units) and Tunisia (X units), together making up a X% share of total exports. Oman (X units) and Lebanon (X units) took a relatively small 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. Tunisia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%), Iran (X%), Turkey (X%) and Lebanon (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Israel increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X), Turkey ($X) and the United Arab Emirates ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Oman, Tunisia, Iran and Lebanon lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the export prices hit record highs 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 MENA

Retreaded pneumatic tyre imports shrank to X units in 2022, declining by X% on the previous year's figure. Over the period under review, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports rose sharply to $X in 2022. Total imports indicated tangible 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 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Turkey (X units), Lebanon (X units), the United Arab Emirates (X units), Jordan (X units), Iraq (X units), Libya (X units) and Tunisia (X units) represented roughly X% of total imports in 2022. It was distantly followed by Egypt (X units), generating a X% 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 ($X) constitutes the largest market for imported retreaded pneumatic tyres in MENA, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

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

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price saw a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform