Iran: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Iran

The Iranian retreaded pneumatic tyre market rose remarkably to $X in 2022, growing by 5.1% against the previous year. In general, consumption showed a abrupt setback. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in Iran

In value terms, retreaded pneumatic tyre production expanded rapidly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The pace of growth was the most pronounced in 2020 when the production volume increased by 26%. Retreaded pneumatic tyre production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from Iran

In 2022, retreaded pneumatic tyre exports from Iran declined dramatically to X units, which is down by -43% against 2021 figures. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 595% against the previous year. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, retreaded pneumatic tyre exports shrank markedly to $X in 2022. In general, exports recorded a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 172% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Tajikistan (X units) was the main destination for retreaded pneumatic tyre exports from Iran, with a 89% share of total exports. Moreover, retreaded pneumatic tyre exports to Tajikistan exceeded the volume sent to the second major destination, Afghanistan (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Tajikistan amounted to +112.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Afghanistan (-25.1% per year) and Iraq (-20.2% per year).

In value terms, Tajikistan ($X), Afghanistan ($X) and Iraq ($X) were the largest markets for retreaded pneumatic tyre exported from Iran worldwide, together comprising 94% of total exports.

Among the main countries of destination, Tajikistan, with a CAGR of +82.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, surging by 20% against the previous year. Over the period under review, the export price, however, recorded a deep slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 56% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iraq ($X per unit), while the average price for exports to Tajikistan ($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 Afghanistan (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Retreaded Pneumatic Tyre Imports

Imports into Iran

In 2022, the amount of retreaded pneumatic tyres imported into Iran skyrocketed to X units, growing by 46% compared with 2021. Over the period under review, imports, however, showed a precipitous setback. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, retreaded pneumatic tyre imports soared to $X in 2022. In general, imports, however, recorded a dramatic setback. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest retreaded pneumatic tyre supplier to Iran, with a 63% share of total imports. Moreover, retreaded pneumatic tyre imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X units), ninefold. The third position in this ranking was taken by China (X units), with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-14.5% per year) and China (-27.3% per year).

In value terms, the United Arab Emirates ($X), Germany ($X) and Indonesia ($X) appeared to be the largest retreaded pneumatic tyre suppliers to Iran, with a combined 56% share of total imports. Malaysia, the UK, China, Oman, Turkey, Belgium and South Korea lagged somewhat behind, together comprising a further 26%.

In terms of the main suppliers, Oman, with a CAGR of +11.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, increasing by 21% against the previous year. In general, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2018 an increase of 194%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

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 Belgium ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+559.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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