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FINANCIAL NEWS
Mideast tire profits to hit USD3.6bn by 2021
08 Mar 2017
(MENAFN) Automotive industry professionals have weighed in on the debate about the Mideast’s tire industry, with the future headed for positive increase.
Accordingly, the tire market normally goes amid five year cycles where one sees five years of a buyers’ market and five years of sellers’ market.
On the other hand, there is a small chance prices might steady out after a few months but it won”t see a decline in the near term.
Moreover, the region is on an upward trend due to current price increases in raw materials like rubber after three years of fall.
MENAFN0803201700450000ID1095298989
MENAFN0803201700450000ID1095298989
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