Updated Sep 27, 2022 12:54

Market for Motorcycle or Bicycle Tyre in Iran

Market Overview
The Iranian motorcycle or bicycle tyre market contracted markedly to $ in , with a decrease of -% 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 continues to indicate a abrupt shrinkage. As a result, consumption attained the peak level of $. From 2010 to , the growth of the market failed to regain momentum.


Consumption
Motorcycle or bicycle tyre consumption in Iran contracted significantly to units in , falling by -% on the year before. Overall, consumption saw a deep setback. As a result, consumption reached the peak volume of units. From 2010 to , the growth of the consumption remained at a lower figure.

The value of the motorcycle or bicycle tyre market in Iran contracted dramatically to $ in , dropping 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 showed a deep setback. As a result, consumption reached the peak level of $. From 2010 to , the growth of the market failed to regain momentum.


Market Forecast
Depressed by shrinking demand for motorcycle or bicycle tyre in Iran, the market is expected to continue its downward consumption trend over the next eight years. 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 .


Market Structure
Motorcycle or bicycle tyre market in Iran consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Iran remains a net importer of motorcycle or bicycle 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.