Middle East: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in the Middle East

The Middle Eastern motorcycle or bicycle tyre market reached $X in 2022, approximately reflecting the previous year. In general, consumption, however, continues to indicate a resilient increase. Over the period under review, the market reached the peak level at $X in 2020; afterwards, it flattened through to 2022.

Production of Tyres For Motorcycles or Bicycles in the Middle East

In value terms, motorcycle or bicycle tyre production rose markedly to $X in 2022 estimated in export price. Overall, production continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production reached the maximum level 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 the Middle East

In 2022, approx. X units of tyres for motorcycles or bicycles were exported in the Middle East; picking up by X% compared with the year before. Overall, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle or bicycle tyre exports soared to $X in 2022. Over the period under review, exports continue to indicate 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) prevails in exports structure, together creating X% of total exports. Iran (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at X%. 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 the Middle East amounted to $X per unit, picking up by X% against the previous year. In general, the export price continues to indicate a buoyant 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 the Middle East

After two years of growth, overseas purchases of tyres for motorcycles or bicycles decreased by X% to X units in 2022. Total imports indicated modest growth 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then contracted dramatically in the following year.

In value terms, motorcycle or bicycle tyre imports declined to $X in 2022. Over the period under review, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, Turkey (X units) represented the key importer of tyres for motorcycles or bicycles, comprising X% of total imports. Iraq (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). Israel (X units), Syrian Arab Republic (X units), Yemen (X units) and Iran (X units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to motorcycle or bicycle tyre imports into Turkey stood at X%. At the same time, Iraq (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%), Yemen (X%), Syrian Arab Republic (X%) and Iran (X%) illustrated a downward trend over the same period. Iraq (X p.p.), Turkey (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Yemen, Syrian Arab Republic, the United Arab Emirates and Iran saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively.

In value terms, the largest motorcycle or bicycle tyre importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Iraq ($X), together accounting for X% of total imports.

Among the main importing countries, Iraq, 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

In 2022, the import price in the Middle East amounted to $X per unit, increasing by X% against the previous year. Import price indicated strong 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. Based on 2022 figures, motorcycle or bicycle tyre import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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