U.S. - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTyre Prices in the United States
U.S. Tyre Import Price in June 2022
In June 2022, the tyre price stood at $71 per unit (CIF, US), growing by 4.9% against the previous month. Over the last five months, it increased at an average monthly rate of +2.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was Japan ($1.9K per unit), while the price for Indonesia ($21 per unit) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Japan (+86.1%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Tyre Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was tyres for aircraft ($492 per unit), while the price for tyres for motorcycles or bicycles ($18 per unit) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by aircraft tyre (+3.5%), while the prices for the other products experienced more modest paces of growth.
U.S. Tyre Imports
After three months of growth, supplies from abroad of tyres decreased by -7.3% to 25M units in June 2022. The total import volume increased at an average monthly rate of +2.7% from January 2022 to June 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 when imports increased by 20% against the previous month. Imports peaked at 27M units in May 2022, and then contracted in the following month.
In value terms, tyre imports declined modestly to $1.8B (IndexBox estimates) in June 2022. The total import value increased at an average monthly rate of +4.9% over the period from January 2022 to June 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in March 2022 with an increase of 22% against the previous month. Imports peaked at 1.8B units in May 2022, and then fell modestly in the following month.
U.S. Tyre Imports by Type
In June 2022, tyres for motor cars (15M units) constituted the largest type of tyre supplied to the United States, accounting for a 55% share of total imports. Moreover, tyres for motor cars exceeded the figures recorded for the second-largest type, tyres for buses or lorries (5.8M units), threefold. The third position in this ranking was held by tyres for agriculture, forestry, construction, industry and other off the road vehicles (4.6M units), with a 17% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of the volume of import of tyres for motor cars totaled +2.2%. With regard to the other supplied products, the following average monthly rates of growth were recorded: tyres for buses or lorries (+4.9% per month) and tyres for agriculture, forestry, construction, industry and other off the road vehicles (+1.7% per month).
In value terms, the most traded types of tyres in the United States were tyres for motor cars ($841M), tyres for buses or lorries ($658M) and tyres for agriculture, forestry, construction, industry and other off the road vehicles ($240M), together accounting for 97% of total imports. Tyres for motorcycles or bicycles and tyres for aircraft lagged somewhat behind, together accounting for a further 2.6%.
U.S. Tyre Imports by Country
In June 2022, China (3.3M units) constituted the largest supplier of tyre to the United States, accounting for a 13% share of total imports. Moreover, tyre imports from China exceeded the figures recorded by the second-largest supplier, Thailand (424K units), eightfold. Taiwan (Chinese) (254K units) ranked third in terms of total imports with a 1% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of volume from China amounted to -2.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: Thailand (-37.9% per month) and Taiwan (Chinese) (-26.5% per month).
In value terms, China ($91M) constituted the largest supplier of tyre to the United States, comprising 5.1% of total imports. The second position in the ranking was taken by India ($44M), with a 2.5% share of total imports. It was followed by Thailand, with a 1.5% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of value from China amounted to -3.5%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (-0.5% per month) and Thailand (-36.8% per month).
This report provides an in-depth analysis of the tyre market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
- Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
- Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
- Prodcom 22111370 - New pneumatic rubber tyres for aircraft
- Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
- Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
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