United Arab Emirates: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in the United Arab Emirates

The retreaded pneumatic tyre market in the United Arab Emirates soared to $X in 2022, rising by 27% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Retreaded pneumatic tyre consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in the United Arab Emirates

In value terms, retreaded pneumatic tyre production soared to $X in 2022 estimated in export price. Overall, production posted a strong expansion. The pace of growth was the most pronounced in 2013 when the production volume increased by 154%. Retreaded pneumatic tyre production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from the United Arab Emirates

Retreaded pneumatic tyre exports from the United Arab Emirates fell dramatically to X units in 2022, with a decrease of -18% on the previous year. In general, exports continue to indicate a noticeable setback. The growth pace was the most rapid in 2014 when exports increased by 563%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports soared to $X in 2022. Over the period under review, exports, however, saw a modest expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 669% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mozambique (X units), the UK (X units) and Tanzania (X units) were the main destinations of retreaded pneumatic tyre exports from the United Arab Emirates, together accounting for 62% of total exports. Italy, Togo, Georgia and Egypt lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of +114.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X) emerged as the key foreign market for retreaded pneumatic tyres exports from the United Arab Emirates, comprising 21% of total exports. The second position in the ranking was taken by Tanzania ($X), with a 10% share of total exports. It was followed by Italy, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique stood at +70.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tanzania (+16.5% per year) and Italy (+77.1% per year).

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, rising by 45% against the previous year. Over the period under review, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, retreaded pneumatic tyre export price decreased by -17.1% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 53% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the UK ($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 Afghanistan (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into the United Arab Emirates

In 2022, supplies from abroad of retreaded pneumatic tyres was finally on the rise to reach X units after two years of decline. In general, imports, however, recorded a abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by 59% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports expanded slightly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 98%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

New Zealand (X units), Belgium (X units) and Singapore (X units) were the main suppliers of retreaded pneumatic tyre imports to the United Arab Emirates, together accounting for 46% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +27.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X) constituted the largest supplier of retreaded pneumatic tyres to the United Arab Emirates, comprising 30% of total imports. The second position in the ranking was taken by France ($X), with an 8.6% share of total imports. It was followed by the UK, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium stood at -3.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-5.0% per year) and the UK (+3.0% per year).

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, dropping by -19.1% against the previous year. In general, the import price, however, showed a resilient increase. The growth pace was the most rapid in 2016 an increase of 118% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank remarkably in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per unit), while the price for New Zealand ($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 (+21.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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