ASEAN: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2025

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in ASEAN

The ASEAN pneumatic tyre retreading machinery market declined remarkably to $X in 2022, reducing by -33.8% against the previous year. Over the period under review, consumption saw a pronounced expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in ASEAN

In value terms, pneumatic tyre retreading machinery production contracted notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 404% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports in ASEAN

Pneumatic tyre retreading machinery exports dropped remarkably to X units in 2022, waning by -66.1% on 2021. Over the period under review, exports showed a noticeable slump. The most prominent rate of growth was recorded in 2019 when exports increased by 622%. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, pneumatic tyre retreading machinery exports shrank dramatically to $X in 2022. Overall, exports recorded a pronounced decrease. The growth pace was the most rapid in 2019 with an increase of 1,237%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Singapore represented the key exporting country with an export of about X units, which finished at 80% of total exports. Thailand (X units) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (9.1%).

From 2012 to 2022, average annual rates of growth with regard to pneumatic tyre retreading machinery exports from Singapore stood at -4.1%. At the same time, Thailand (+21.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +21.7% from 2012-2022. By contrast, Malaysia (-6.6%) illustrated a downward trend over the same period. Thailand (+9.2 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Singapore saw its share reduced by -3.5% and -5.6% from 2012 to 2022, respectively.

In value terms, the largest pneumatic tyre retreading machinery supplying countries in ASEAN were Malaysia ($X), Singapore ($X) and Thailand ($X), with a combined 98% share of total exports.

Thailand, with a CAGR of +14.4%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, increasing by 83% against the previous year. Over the period under review, the export price, however, showed a mild setback. The pace of growth was the most pronounced in 2018 an increase of 161% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.4%), while the other leaders experienced mixed trends in the export price figures.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports in ASEAN

In 2022, approx. X units of machinery for moulding or retreading pneumatic tyres were imported in ASEAN; growing by 17% compared with 2021. Over the period under review, imports, however, continue to indicate a slight downturn. The growth pace was the most rapid in 2020 when imports increased by 179% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, pneumatic tyre retreading machinery imports dropped markedly to $X in 2022. Overall, imports showed mild growth. The most prominent rate of growth was recorded in 2015 with an increase of 200% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia (X units) and Cambodia (X units) represented roughly 47% of total imports in 2022. Thailand (X units) took a 15% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (13%), the Philippines (13%) and Malaysia (9%). Vietnam (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +88.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X), Cambodia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 87% of total imports.

In terms of the main importing countries, Cambodia, with a CAGR of +72.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, waning by -52.2% against the previous year. Over the period under review, the import price, however, enjoyed a temperate expansion. The most prominent rate of growth was recorded in 2021 an increase of 148%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform