Pakistan: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Pakistan

The Pakistani retreaded pneumatic tyre market expanded to $X in 2022, increasing by 3.6% against the previous year. Over the period under review, consumption, however, saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in Pakistan

In value terms, retreaded pneumatic tyre production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a perceptible shrinkage. The growth pace was the most rapid in 2019 when the production volume increased by 47% against the previous year. Retreaded pneumatic tyre production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from Pakistan

In 2022, after two years of decline, there was growth in overseas shipments of retreaded pneumatic tyres, when their volume increased by 0.4% to X units. Over the period under review, exports recorded a pronounced increase. The pace of growth appeared the most rapid in 2018 when exports increased by 183%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports skyrocketed to $X in 2022. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 140% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Afghanistan (X units) was the main destination for retreaded pneumatic tyre exports from Pakistan, with a 88% share of total exports. Moreover, retreaded pneumatic tyre exports to Afghanistan exceeded the volume sent to the second major destination, Hong Kong SAR (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Afghanistan stood at +12.2%.

In value terms, the largest markets for retreaded pneumatic tyre exported from Pakistan were Hong Kong SAR ($X) and Afghanistan ($X).

Afghanistan, with a CAGR of +3.1%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, jumping by 18% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The pace of growth was the most pronounced in 2019 when the average export price increased by 89%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Afghanistan totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+5.9%).

Retreaded Pneumatic Tyre Imports

Imports into Pakistan

In 2022, imports of retreaded pneumatic tyres into Pakistan skyrocketed to X units, increasing by 28% against 2021. Over the period under review, imports, however, continue to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 when imports increased by 214%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports skyrocketed to $X in 2022. In general, imports, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 134% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and Indonesia (X units) were the main suppliers of retreaded pneumatic tyre imports to Pakistan, with a combined 66% share of total imports. Oman, Japan, Hong Kong SAR, Malaysia, India and the UK lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +75.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre suppliers to Pakistan were Indonesia ($X), Hong Kong SAR ($X) and China ($X), with a combined 40% share of total imports. The UK, the United Arab Emirates, Japan, Oman, India and Malaysia lagged somewhat behind, together accounting for a further 15%.

Oman, with a CAGR of +49.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, shrinking by -2% against the previous year. Over the period under review, the import price showed a pronounced reduction. The pace of growth appeared the most rapid in 2013 when the average import price increased by 53% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 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 the UK ($X per unit), while the price for Malaysia ($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 UK (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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