Iran: 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 Iran

For the third year in a row, the Iranian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles recorded decline in sales value, which decreased by -53.4% to $X in 2022. Over the period under review, consumption faced a dramatic setback. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

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

Exports from Iran

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles was finally on the rise to reach X units after three years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when exports increased by 1,282% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded markedly to $X in 2022. Overall, exports recorded a prominent increase. The pace of growth was the most pronounced in 2015 when exports increased by 953%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

Egypt (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Iran, accounting for a 97% share of total exports. It was followed by Azerbaijan (X units), with a 2.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Egypt stood at +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-9.4% per year) and Turkey (-26.1% per year).

In value terms, Egypt ($X) emerged as the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from Iran, comprising 96% of total exports. The second position in the ranking was taken by Azerbaijan ($X), with a 2.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Egypt totaled +78.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (+4.1% per year) and Turkey (+20.5% per year).

Export Prices by Country

In 2022, the average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, shrinking by -18% against the previous year. In general, the export price, however, posted strong growth. The most prominent rate of growth was recorded in 2019 when the average export price increased by 138% against the previous year. The export price peaked at $X per unit in 2021, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kazakhstan (+156.8%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Iran

For the third year in a row, Iran recorded decline in overseas purchases of tyres for agriculture, forestry, construction, industry and other off the road vehicles, which decreased by -29.8% to X units in 2022. In general, imports faced a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of 36% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped sharply to $X in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 49% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Turkey (X units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to Iran, accounting for a 60% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from Turkey exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), fourfold. China (X units) ranked third in terms of total imports with a 9.4% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey amounted to -7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-23.4% per year) and China (-25.8% per year).

In value terms, Turkey ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Iran, comprising 39% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an 18% share of total imports. It was followed by China, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Turkey totaled -11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-19.8% per year) and China (-18.7% per year).

Import Prices by Country

The average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, growing by 4.2% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 61% against the previous year. The import price peaked 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 supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for India ($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 (+65.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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