Retreaded Pneumatic Tyre Market in Saudi Arabia
Market Overview
The Saudi retreaded pneumatic tyre market reduced remarkably 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). Overall, consumption showed a deep reduction. Retreaded pneumatic tyre consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.
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). Overall, consumption showed a deep reduction. Retreaded pneumatic tyre consumption peaked at $ in 2007; however, from 2008 to , consumption remained at a lower figure.Consumption
In , approx. units of retreaded pneumatic tyres were consumed in Saudi Arabia; with a decrease of -% compared with the previous year's figure. Over the period under review, consumption saw a abrupt slump. Retreaded pneumatic tyre consumption peaked at units in 2007; however, from 2008 to , consumption failed to regain momentum.
The value of the retreaded pneumatic tyre market in Saudi Arabia contracted sharply 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). Overall, consumption showed a abrupt decrease. Retreaded pneumatic tyre consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.
, approx. units of retreaded pneumatic tyres were consumed in Saudi Arabia; with a decrease of -% compared with the previous year's figure. Over the period under review, consumption saw a abrupt slump. Retreaded pneumatic tyre consumption peaked at units in 2007; however, from 2008 to , consumption failed to regain momentum.The value of the retreaded pneumatic tyre market in Saudi Arabia contracted sharply 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). Overall, consumption showed a abrupt decrease. Retreaded pneumatic tyre consumption peaked at $ in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.Market Forecast
Depressed by shrinking demand for retreaded pneumatic tyre in Saudi Arabia, 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
Retreaded pneumatic tyre market in Saudi Arabia consists almost entirely of imported products.
Trade Balance
Saudi Arabia remains a net importer of retreaded pneumatic 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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