Imports of Light, Heavy Vehicle Tires Facing Numerous Challenges

After the government stopped the allocation of foreign currency for tire importers, the domestic market is facing numerous challenges in supplying tires, according to the secretary of the Iran Tire Importers Association.
“The lack of forex allocation for tire imports has caused shortages, an imbalance in supply and demand and an 80% increase in the price of heavy vehicle tires,” Mohammad Mir-Abedini was also quoted as saying by Khabar Khodro (a Persian website that covers automotive news).
He added that if this trend were to continue, the domestic market will face a crisis in supplying tires for heavy vehicles.
“There was a decline in the import of ring size 13 tires [also known as Pride tire] in the last Iranian year [ended March 20, 2023]. In view of the 32% tariff, 9% value-added tax and other costs of the official import of car tires, as well as the 50% price difference compared with smuggled tires, tire importers did not undertake the official import of car tires for the third consecutive year,” the official said.