United Arab Emirates: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in the United Arab Emirates

The passenger car tyre market in the United Arab Emirates soared to $X in 2021, picking up by 52% 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, continues to indicate a slight decline. Passenger car tyre consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Passenger Car Tyre Exports

Exports from the United Arab Emirates

In 2021, after three years of decline, there was significant growth in overseas shipments of tyres for motor cars, when their volume increased by 29% to X units. In general, exports enjoyed modest growth. The growth pace was the most rapid in 2017 with an increase of 88%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. Over the period under review, exports showed a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 83%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for passenger car tyre exports from the United Arab Emirates, accounting for a 38% share of total exports. Moreover, passenger car tyre exports to the Netherlands exceeded the volume sent to the second major destination, Oman (X units), threefold. Mozambique (X units) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands amounted to +10.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-3.5% per year) and Mozambique (-1.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for tyres for motor cars exports from the United Arab Emirates, comprising 43% of total exports. The second position in the ranking was taken by Oman ($X), with a 12% share of total exports. It was followed by Hong Kong SAR, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (-0.2% per year) and Hong Kong SAR (-7.4% per year).

Export Prices by Country

In 2021, the average passenger car tyre export price amounted to $X per unit, picking up by 12% against the previous year. Over the period under review, export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car tyre export price increased by +142.0% against 2013 indices. The pace of growth was the most pronounced in 2014 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Australia ($X per unit), while the average price for exports to Mozambique ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+30.1%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into the United Arab Emirates

In 2021, passenger car tyre imports into the United Arab Emirates surged to X units, jumping by 30% on the previous year's figure. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), South Korea (X units) and Japan (X units) were the main suppliers of passenger car tyre imports to the United Arab Emirates, together accounting for 48% of total imports. These countries were followed by Thailand, Indonesia, India, Germany, Oman and the United States, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +6.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre suppliers to the United Arab Emirates were China ($X), Japan ($X) and South Korea ($X), together accounting for 47% of total imports. Thailand, Indonesia, Germany, India, the United States and Oman lagged somewhat behind, together comprising a further 15%.

Germany, with a CAGR of +5.0%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2021, growing by 20% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 26% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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