Asia-Pacific: Tyre Market 2025

Tyre Market Size in Asia-Pacific

The Asia-Pacific tyre market amounted to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Tyre Production in Asia-Pacific

In value terms, tyre production fell modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Tyre Exports

Exports in Asia-Pacific

In 2022, approx. X units of tyres were exported in Asia-Pacific; shrinking by X% compared with 2021. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, tyre exports rose modestly to $X in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

In 2022, China (X units) represented the largest exporter of tyres, generating X% of total exports. Thailand (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Vietnam (X%), India (X%) and Indonesia (X%). The following exporters - Japan (X units) and South Korea (X units) - each recorded an X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), Thailand (X%) and India (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. By contrast, Indonesia (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. China (X p.p.), Vietnam (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia, South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, tyre exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price, however, showed a mild curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Vietnam ($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.

Tyre Imports

Imports in Asia-Pacific

In 2022, tyre imports in Asia-Pacific contracted to X units, declining by X% on 2021 figures. 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 throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, tyre imports shrank slightly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped modestly in the following year.

Imports by Country

In 2022, Australia (X units), Malaysia (X units), Japan (X units), the Philippines (X units), South Korea (X units), China (X units), Thailand (X units), Cambodia (X units), Vietnam (X units), Indonesia (X units), New Zealand (X units) and Singapore (X units) was the main importer of tyres in Asia-Pacific, achieving X% of total import.

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

In value terms, Australia ($X) constitutes the largest market for imported tyres in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Australia, tyre imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the import price, however, saw a mild reduction. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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