Egypt: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Egypt

The Egyptian passenger car tyre market fell notably to $X in 2021, shrinking by -40.8% against the previous year. In general, consumption recorded a abrupt slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Passenger Car Tyre Production in Egypt

In value terms, passenger car tyre production reached $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt descent. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Passenger Car Tyre Exports

Exports from Egypt

For the third consecutive year, Egypt recorded decline in shipments abroad of tyres for motor cars, which decreased by -95.9% to X units in 2021. Overall, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2018 with an increase of 6,062% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, passenger car tyre exports fell significantly to $X in 2021. In general, exports faced a sharp reduction. The pace of growth appeared the most rapid in 2018 when exports increased by 6,764%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Saudi Arabia (X units) and Guinea (X units) were the main destinations of passenger car tyre exports from Egypt, with a combined 42% share of total exports. These countries were followed by Cote d'Ivoire, Italy, the United Arab Emirates, Hong Kong SAR, Ethiopia, New Caledonia, Germany, Senegal, Eritrea and Kuwait, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for New Caledonia (with a CAGR of +2.1%), while shipments for the other leaders experienced a decline.

In value terms, Saudi Arabia ($X), Eritrea ($X) and the Netherlands ($X) were the largest markets for passenger car tyre exported from Egypt worldwide, with a combined 35% share of total exports. These countries were followed by Italy, Guinea, Hong Kong SAR, Ethiopia, the United Arab Emirates, Germany, New Caledonia, Senegal, Cote d'Ivoire and Kuwait, which together accounted for a further 29%.

Among the main countries of destination, New Caledonia, with a CAGR of +3.0%, 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.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, rising by 30% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Eritrea ($X per unit), while the average price for exports to Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Eritrea (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into Egypt

For the fifth consecutive year, Egypt recorded decline in purchases abroad of tyres for motor cars, which decreased by -41.4% to X units in 2021. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 73% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, passenger car tyre imports fell markedly to $X in 2021. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2016 with an increase of 25% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Turkey (X units), Poland (X units) and Indonesia (X units) were the main suppliers of passenger car tyre imports to Egypt, with a combined 18% share of total imports. These countries were followed by South Korea, Thailand, Spain, Germany, Italy, Hungary, Romania, China, France and Japan, which together accounted for a further 24%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +40.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Poland ($X) and Indonesia ($X) were the largest passenger car tyre suppliers to Egypt, with a combined 22% share of total imports. These countries were followed by South Korea, Thailand, Spain, Germany, Italy, Hungary, Romania, China, France and Japan, which together accounted for a further 29%.

Hungary, with a CAGR of +38.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average passenger car tyre import price amounted to $X per unit, with a decrease of -2.5% against the previous year. Overall, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 19%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Romania ($X per unit) and China ($X per unit), while the price for South Korea ($X per unit) and Turkey ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :