MENA: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in MENA

In 2022, the MENA's retreaded pneumatic tyre market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, showed a noticeable contraction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in MENA

In value terms, retreaded pneumatic tyre production reached $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 with an increase of 26% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in MENA

Retreaded pneumatic tyre exports reduced dramatically to X units in 2022, dropping by -32.7% against 2021. Over the period under review, exports saw a pronounced descent. The most prominent rate of growth was recorded in 2014 when exports increased by 126% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports stood at $X in 2022. In general, exports saw a pronounced downturn. The pace of growth was the most pronounced in 2014 when exports increased by 112% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The shipments of the three major exporters of retreaded pneumatic tyres, namely the United Arab Emirates, Israel and Iran, represented more than two-thirds of total export. It was distantly followed by Turkey (X units), Oman (X units) and Lebanon (X units), together constituting a 26% share of total exports. Tunisia (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +38.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre supplying countries in MENA were Israel ($X), Turkey ($X) and the United Arab Emirates ($X), together accounting for 63% of total exports. Oman, Iran, Tunisia and Lebanon lagged somewhat behind, together accounting for a further 31%.

Oman, with a CAGR of +43.9%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, growing by 52% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+29.2%), while the other leaders experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports in MENA

In 2022, the amount of retreaded pneumatic tyres imported in MENA dropped slightly to X units, with a decrease of -3.8% on 2021 figures. In general, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports stood at $X in 2022. Total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 +11.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 when imports increased by 30%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Turkey (X units), Tunisia (X units), Jordan (X units), Libya (X units), Lebanon (X units) and Iraq (X units) represented the key importers of retreaded pneumatic tyres, together committing 81% of total imports. Algeria (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Iraq (with a CAGR of +21.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Algeria ($X), together accounting for 77% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of +26.3%, recorded the highest rates of growth with regard to the value of imports, 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 MENA amounted to $X per unit, increasing by 6.8% against the previous year. Over the period under review, the import price enjoyed prominent growth. The pace of growth appeared the most rapid in 2019 when the import price increased by 68%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the import prices remained at a lower figure.

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 (+15.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform