Oman: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Oman

The Omani retreaded pneumatic tyre market fell to $X in 2022, declining by -5.1% against the previous year. Overall, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -11.9% against 2019 indices. Retreaded pneumatic tyre consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Oman

In value terms, retreaded pneumatic tyre production reduced modestly to $X in 2022 estimated in export price. Over the period under review, the total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.7% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 54% against the previous year. Retreaded pneumatic tyre production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from Oman

In 2022, the amount of retreaded pneumatic tyres exported from Oman soared to X units, rising by 38% against 2021 figures. Overall, exports saw a significant increase. The growth pace was the most rapid in 2013 with an increase of 766%. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports fell slightly to $X in 2022. Over the period under review, exports posted a significant increase. The growth pace was the most rapid in 2013 when exports increased by 437%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for retreaded pneumatic tyre exports from Oman, with a 72% share of total exports. Moreover, retreaded pneumatic tyre exports to the United Arab Emirates exceeded the volume sent to the second major destination, Pakistan (X units), threefold. The third position in this ranking was taken by Iran (X units), with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United Arab Emirates amounted to +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+33.4% per year) and Iran (+11.8% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for retreaded pneumatic tyres exports from Oman, comprising 89% of total exports. The second position in the ranking was held by Pakistan ($X), with a 5.3% share of total exports. It was followed by the UK, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates totaled +62.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (+24.9% per year) and the UK (+9.1% per year).

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, waning by -29.3% against the previous year. Overall, the export price, however, posted a perceptible increase. The growth pace was the most rapid in 2021 when the average export price increased by 85%. As a result, the export price reached the peak level of $X per unit, and then fell notably in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+729.7%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Oman

Retreaded pneumatic tyre imports into Oman amounted to X units in 2022, surging by 10% compared with the previous year's figure. In general, imports, however, showed a deep setback. The most prominent rate of growth was recorded in 2015 with an increase of 179%. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports fell to $X in 2022. Overall, imports, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 152%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), France (X units) and the United Arab Emirates (X units) were the main suppliers of retreaded pneumatic tyre imports to Oman, with a combined 57% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +31.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of retreaded pneumatic tyres to Oman, comprising 30% of total imports. The second position in the ranking was held by the UK ($X), with a 9.2% share of total imports. It was followed by Belgium, with an 8.9% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +30.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-19.1% per year) and Belgium (+1.3% per year).

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, which is down by -15% against the previous year. Overall, the import price, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2013 an increase of 94%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($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 (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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