Retreaded Pneumatic Tyre Market in the United Arab Emirates
Market Overview
The retreaded pneumatic tyre market in the United Arab Emirates expanded rapidly to $
in , surging 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 continues to indicate a mild expansion. Over the period under review, the market attained the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
In value terms, retreaded pneumatic tyre production totaled $ in estimated in export price. In general, production posted a mild expansion. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2015; however, from 2016 to , production remained at a lower figure.
in , surging 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 continues to indicate a mild expansion. Over the period under review, the market attained the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.In value terms, retreaded pneumatic tyre production totaled $
in estimated in export price. In general, production posted a mild expansion. The most prominent rate of growth was recorded in 2008 when the production volume increased by % against the previous year. Over the period under review, production attained the maximum level at $ in 2015; however, from 2016 to , production remained at a lower figure.Consumption
After four years of decline, consumption of retreaded pneumatic tyres increased by % to units in . Overall, consumption recorded tangible growth. Over the period under review, consumption attained the peak volume at units in 2011; however, from 2012 to , consumption remained at a lower figure.
The size of the retreaded pneumatic tyre market in the United Arab Emirates totaled $ in , rising 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 recorded a mild expansion. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.
% to units in . Overall, consumption recorded tangible growth. Over the period under review, consumption attained the peak volume at units in 2011; however, from 2012 to , consumption remained at a lower figure.The size of the retreaded pneumatic tyre market in the United Arab Emirates totaled $
in , rising 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 recorded a mild expansion. Over the period under review, the market reached the maximum level at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.Market Forecast
The retreaded pneumatic tyre market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year 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 eight-year 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
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.
, 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
The United Arab Emirates 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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