Middle East: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in the Middle East

The Middle Eastern passenger car tyre market fell to $X in 2021, waning by -6.7% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Passenger Car Tyre Production in the Middle East

In value terms, passenger car tyre production dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when the production volume increased by 28%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Passenger Car Tyre Exports

Exports in the Middle East

In 2021, the amount of tyres for motor cars exported in the Middle East surged to X units, increasing by 76% on 2020 figures. In general, exports recorded a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. Overall, exports posted a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey prevails in exports structure, recording X units, which was near 91% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), constituting a 6.1% share of total exports.

Turkey was also the fastest-growing in terms of the tyres for motor cars exports, with a CAGR of +13.7% from 2012 to 2021. At the same time, the United Arab Emirates (+1.8%) displayed positive paces of growth. While the share of Turkey (+28 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-5.2 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest passenger car tyre supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Turkey stood at +10.5%.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, approximately reflecting the previous year. Overall, the export price saw a pronounced setback. The most prominent rate of growth was recorded in 2017 when the export price increased by 8.1%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per unit), while Turkey totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.6%).

Passenger Car Tyre Imports

Imports in the Middle East

In 2021, the amount of tyres for motor cars imported in the Middle East soared to X units, with an increase of 17% compared with 2020 figures. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car tyre imports surged to $X in 2021. Overall, imports, however, continue to indicate a mild decline. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Turkey (X units) and the United Arab Emirates (X units) were the largest importers of tyres for motor cars in the Middle East, together recording near 59% of total imports. It was distantly followed by Iraq (X units), Israel (X units) and Kuwait (X units), together mixing up a 25% share of total imports. The following importers - Oman (X units) and Qatar (X units) - together made up 7.3% of total imports.

From 2012 to 2021, the biggest increases were recorded for Qatar (with a CAGR of +7.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2021, together comprising 51% of total imports. These countries were followed by Israel, Kuwait, Oman and Qatar, which together accounted for a further 17%.

Israel, with a CAGR of +4.1%, 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

In 2021, the import price in the Middle East amounted to $X per unit, rising by 7.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 14% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Qatar ($X per unit) and Kuwait ($X per unit), while Turkey ($X per unit) and Iraq ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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