MENA: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in MENA

The MENA's motorcycle or bicycle tyre market amounted to $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, showed a resilient increase. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Tyres For Motorcycles or Bicycles in MENA

In value terms, motorcycle or bicycle tyre production expanded remarkably to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports in MENA

In 2022, motorcycle or bicycle tyre exports in MENA surged to X units, picking up by X% against 2021. In general, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle or bicycle tyre exports surged to $X in 2022. Overall, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) dominates exports structure, together committing X% of total exports. Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) emerged as the largest motorcycle or bicycle tyre supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

In the United Arab Emirates, motorcycle or bicycle tyre exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Iran (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per unit), while Iran ($X per unit) was amongst the lowest.

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

Imports of Tyres For Motorcycles or Bicycles

Imports in MENA

In 2022, purchases abroad of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then contracted rapidly in the following year.

In value terms, motorcycle or bicycle tyre imports dropped to $X in 2022. Total imports indicated a pronounced expansion 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 2017 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

Turkey represented the largest importing country with an import of about X units, which resulted at X% of total imports. It was distantly followed by Iraq (X units), the United Arab Emirates (X units), Morocco (X units) and Tunisia (X units), together comprising a X% share of total imports. The following importers - Egypt (X units), Algeria (X units), Israel (X units), Syrian Arab Republic (X units) and Yemen (X units) - together made up X% of total imports.

Imports into Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Iraq (X%), Morocco (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Tunisia experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%), Yemen (X%), Syrian Arab Republic (X%), Algeria (X%) and Egypt (X%) illustrated a downward trend over the same period. Iraq (X p.p.), Morocco (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Syrian Arab Republic, Algeria and Egypt saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Iraq ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

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

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, growing by X% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price 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. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in years to come.

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

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

Source: IndexBox Platform