United Arab Emirates: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in the United Arab Emirates

The market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in the United Arab Emirates surged to $X in 2022, jumping by 18% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a pronounced slump. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from the United Arab Emirates

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles exported from the United Arab Emirates fell rapidly to X units, dropping by -52.6% on 2021 figures. Over the period under review, exports faced a deep slump. The most prominent rate of growth was recorded in 2015 when exports increased by 171% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined notably to $X in 2022. Overall, exports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of 202% against the previous year. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Georgia (X units) was the main destination for exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from the United Arab Emirates, accounting for a 26% share of total exports. Moreover, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to Georgia exceeded the volume sent to the second major destination, Mozambique (X units), twofold. The UK (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Georgia amounted to +78.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mozambique (+3.9% per year) and the UK (+17.4% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from the United Arab Emirates, comprising 44% of total exports. The second position in the ranking was held by Tanzania ($X), with a 4.6% share of total exports. It was followed by Georgia, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands stood at +7.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+2.5% per year) and Georgia (+53.9% per year).

Export Prices by Country

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, falling by -2.2% against the previous year. In general, the export price, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2017 an increase of 94% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the UK ($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 South Africa (+95.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into the United Arab Emirates

Imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles into the United Arab Emirates contracted slightly to X units in 2022, dropping by -1.8% on the previous year's figure. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 54%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded notably to $X in 2022. Over the period under review, imports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2019 when imports increased by 51%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and Japan (X units) were the main suppliers of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to the United Arab Emirates, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +6.7%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of tyres for agriculture, forestry, construction, industry and other off the road vehicles to the United Arab Emirates, comprising 42% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports. It was followed by Japan, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+1.2% per year) and Japan (-5.1% per year).

Import Prices by Country

In 2022, the average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles amounted to $X per unit, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2018 when the average import price increased by 22% against the previous year. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Sri Lanka ($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 States (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :