Asia-Pacific: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Asia-Pacific

In 2022, the Asia-Pacific motorcycle or bicycle tyre market decreased by X% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption continues to indicate a perceptible decline. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Tyres For Motorcycles or Bicycles in Asia-Pacific

In value terms, motorcycle or bicycle tyre production dropped to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports in Asia-Pacific

In 2022, shipments abroad of tyres for motorcycles or bicycles increased by X% to X units, rising for the third consecutive year after two years of decline. Total exports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, motorcycle or bicycle tyre exports reduced to $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then declined modestly in the following year.

Exports by Country

China represented the largest exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Vietnam (X units), Thailand (X units), India (X units) and Taiwan (Chinese) (X units), together generating a X% share of total exports. The following exporters - Indonesia (X units) and Sri Lanka (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of tyres for motorcycles or bicycles. At the same time, Vietnam (X%), Taiwan (Chinese) (X%), Sri Lanka (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam and Taiwan (Chinese) increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycle or bicycle tyre supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, waning by X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle or bicycle tyre export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 Indonesia ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports in Asia-Pacific

After two years of growth, purchases abroad of tyres for motorcycles or bicycles decreased by X% to X units in 2022. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, motorcycle or bicycle tyre imports fell to $X in 2022. Total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then dropped slightly in the following year.

Imports by Country

In 2022, the Philippines (X units), followed by Malaysia (X units), Cambodia (X units), Taiwan (Chinese) (X units), Japan (X units), China (X units) and Thailand (X units) represented the key importers of tyres for motorcycles or bicycles, together mixing up X% of total imports. The following importers - Bangladesh (X units), Myanmar (X units), Australia (X units), Vietnam (X units), Nepal (X units) and South Korea (X units) - each resulted at an X% share of total imports.

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

In value terms, the largest motorcycle or bicycle tyre importing markets in Asia-Pacific were Japan ($X), Malaysia ($X) and China ($X), together comprising X% of total imports. Taiwan (Chinese), Cambodia, Thailand, Australia, the Philippines, South Korea, Vietnam, Bangladesh, Nepal and Myanmar lagged somewhat behind, together comprising a further X%.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Asia-Pacific amounted to $X per unit, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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