Market for Truck and Bus Tyre in Iran
Market Overview
After two years of decline, the Iranian truck and bus tyre market increased by 
% to $ in . In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
% to $ in . In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Consumption
In , consumption of tyres for buses or lorries increased by % to units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a deep setback. Truck and bus tyre consumption peaked at units in 2007; however, from 2008 to , consumption failed to regain momentum.
The revenue of the truck and bus tyre market in Iran rose significantly to $ in , growing by % 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). Overall, consumption, however, showed a abrupt shrinkage. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
, consumption of tyres for buses or lorries increased by % to units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, showed a deep setback. Truck and bus tyre consumption peaked at units in 2007; however, from 2008 to , consumption failed to regain momentum.The revenue of the truck and bus tyre market in Iran rose significantly to $
in , growing by % 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). Overall, consumption, however, showed a abrupt shrinkage. Over the period under review, the market reached the peak level at $ in 2008; however, from 2009 to , consumption failed to regain momentum.Market Forecast
Depressed by shrinking demand for truck and bus tyre in Iran, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Iran increased significantly over the last fifteen years (from % to %). Truck and bus tyre market in Iran remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.
% to %). Truck and bus tyre market in Iran remained dependent on supplies from foreign countries. In , the share of imports in total consumption was % in value terms and % in physical terms.Trade Balance
Iran remains a net importer of truck and bus tyre; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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