Overview of the Market for Truck and Bus Tire in Pakistan
The revenue of the truck and bus tire market in Pakistan rose markedly to $ in 2019, increasing 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). In general, consumption enjoyed a buoyant increase. The growth pace was the most rapid in 2010 with an increase of % y-o-y. Over the period under review, the market attained the peak level at $ in 2017; however, from 2018 to 2019, consumption remained at a lower figure.