Australia and Oceania: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Australia and Oceania

In 2021, after two years of decline, there was significant growth in the passenger car tyre market in Australia and Oceania, when its value increased by 34% to $X. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Passenger Car Tyre Production in Australia and Oceania

In value terms, passenger car tyre production rose slightly to $X in 2021 estimated in export price. The total production indicated a pronounced expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -3.2% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 57%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Passenger Car Tyre Exports

Exports in Australia and Oceania

In 2021, shipments abroad of tyres for motor cars decreased by -29.7% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 when exports increased by 61% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports declined markedly to $X in 2021. In general, exports saw a perceptible downturn. The pace of growth was the most pronounced in 2016 with an increase of 46%. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Australia represented the main exporter of tyres for motor cars in Australia and Oceania, with the volume of exports resulting at X units, which was approx. 74% of total exports in 2021. It was distantly followed by New Zealand (X units), committing a 24% share of total exports.

Exports from Australia decreased at an average annual rate of -7.9% from 2012 to 2021. At the same time, New Zealand (+1.7%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +1.7% from 2012-2021. While the share of New Zealand (+12 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Australia (-11.6 p.p.) displayed negative dynamics.

In value terms, Australia ($X) remains the largest passenger car tyre supplier in Australia and Oceania, comprising 79% of total exports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia totaled -3.6%.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per unit, surging by 10% against the previous year. Export price indicated a temperate expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car tyre export price increased by +77.3% against 2014 indices. The pace of growth was the most pronounced in 2019 an increase of 26% against the previous year. Over the period under review, the export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Australia ($X per unit), while New Zealand stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+4.7%).

Passenger Car Tyre Imports

Imports in Australia and Oceania

After three years of decline, purchases abroad of tyres for motor cars increased by 19% to X units in 2021. In general, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when imports increased by 40% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, passenger car tyre imports surged to $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The level of import peaked at $X in 2012; afterwards, it flattened through to 2021.

Imports by Country

Australia was the key importing country with an import of around X units, which resulted at 80% of total imports. It was distantly followed by New Zealand (X units), constituting a 17% share of total imports.

Australia experienced a relatively flat trend pattern with regard to volume of imports of tyres for motor cars. At the same time, New Zealand (+3.1%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +3.1% from 2012-2021. New Zealand (+3 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported tyres for motor cars in Australia and Oceania, comprising 81% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia was relatively modest.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per unit, rising by 16% against the previous year. Overall, the import price, however, saw a slight shrinkage. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was Australia ($X per unit), while New Zealand amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (-0.9%).

Source: IndexBox Platform

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