MENA: Tyre Market 2025

Tyre Market Size in MENA

The MENA's tyre market fell to $X in 2022, declining by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Tyre Production in MENA

In value terms, tyre production fell to $X in 2022 estimated in export price. Overall, production saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Tyre Exports

Exports in MENA

In 2022, overseas shipments of tyres increased by X% to X units, rising for the second year in a row after two years of decline. Total exports indicated a buoyant expansion from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tyre exports soared to $X in 2022. Overall, exports enjoyed a buoyant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Turkey (X units) represented the key exporter of tyres, committing X% of total exports. It was distantly followed by the United Arab Emirates (X units), generating a X% share of total exports. Egypt (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 main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Egypt ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

The United Arab Emirates, with a CAGR of X%, 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

The export price in MENA stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Egypt ($X per unit), while Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced a decline in the export price figures.

Tyre Imports

Imports in MENA

In 2022, the amount of tyres imported in MENA dropped to X units, reducing by X% against 2021. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, tyre imports reduced slightly to $X in 2022. Over the period under review, imports saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Turkey (X units) and the United Arab Emirates (X units) represented the major importers of tyres in 2022, finishing at approx. X% and X% of total imports, respectively. Iraq (X units) ranks next in terms of the total imports with an X% share, followed by Morocco (X%), Israel (X%), Egypt (X%), Iran (X%) and Algeria (X%). The following importers - Kuwait (X units), Yemen (X units), Oman (X units), Qatar (X units) and Tunisia (X units) - together made up X% of total imports.

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

In value terms, the largest tyre importing markets in MENA were the United Arab Emirates ($X), Turkey ($X) and Iraq ($X), with a combined X% share of total imports. Iran, Egypt, Morocco, Israel, Algeria, Oman, Kuwait, Qatar, Yemen and Tunisia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Tunisia, with a CAGR of X%, saw the highest growth rate of 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

The import price in MENA stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, saw a slight downturn. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, 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 Iran ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform