Asia: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Asia

In 2022, the Asian motorcycle or bicycle tyre market decreased by X% to $X, falling for the third consecutive year after two years of growth. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Tyres For Motorcycles or Bicycles in Asia

In value terms, motorcycle or bicycle tyre production declined to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced 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

In 2022, shipments abroad of tyres for motorcycles or bicycles increased by X% to X units, rising for the third year in a row after two years of decline. Total exports indicated a modest 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 pace of growth appeared the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, motorcycle or bicycle tyre exports shrank to $X in 2022. Total exports indicated a prominent 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, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank slightly in the following year.

Exports by Country

In 2022, China (X units) represented the key exporter of tyres for motorcycles or bicycles, creating X% of total exports. Vietnam (X units) held the second position in the ranking, followed by Thailand (X units), India (X units) and Taiwan (Chinese) (X units). All these countries together took near 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, 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 ($X) remains the largest motorcycle or bicycle tyre supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($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 stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, which is down by X% against the previous year. Export price indicated a temperate increase 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 most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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

In 2022, overseas purchases of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, motorcycle or bicycle tyre imports contracted slightly to $X in 2022. Total imports indicated a prominent 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 was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell 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), Turkey (X units), Japan (X units), China (X units) and Thailand (X units) were the largest importers of tyres for motorcycles or bicycles, together creating X% of total imports. Uzbekistan (X units), Iraq (X units), Bangladesh (X units), Myanmar (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Myanmar (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Malaysia ($X) and China ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Taiwan (Chinese), Cambodia, Thailand, the Philippines, Turkey, Vietnam, Iraq, Bangladesh, Myanmar and Uzbekistan lagged somewhat behind, together comprising a further X%.

Among the main importing countries, the Philippines, with a CAGR of X%, saw the highest growth rate of 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

The import price in Asia stood at $X per unit in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, 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. Over the period under review, import prices hit record highs in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while Uzbekistan ($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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