Report Update Nov 1, 2024

Bangladesh - Tyres for Motor Cycles or Bicycles - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Bangladesh

The Bangladeshi motorcycle or bicycle tyre market reduced sharply to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a prominent increase. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from Bangladesh

In 2022, after two years of growth, there was significant decline in shipments abroad of tyres for motorcycles or bicycles, when their volume decreased by X% to X units. Over the period under review, exports, however, showed a perceptible increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. The exports peaked at X units in 2021, and then shrank dramatically in the following year.

In value terms, motorcycle or bicycle tyre exports reduced dramatically to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Turkey (X units) was the main destination for motorcycle or bicycle tyre exports from Bangladesh, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Turkey totaled X%.

In value terms, Turkey ($X) also remains the key foreign market for tyres for motorcycles or bicycles exports from Bangladesh.

From 2012 to 2022, the average annual growth rate of value to Turkey totaled X%.

Export Prices by Country

In 2022, the average motorcycle or bicycle tyre export price amounted to $X per unit, declining by X% against the previous year. In general, the export price showed a perceptible descent. The pace of growth was the most pronounced in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Turkey.

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to X% per year.

Imports of Tyres For Motorcycles or Bicycles

Imports into Bangladesh

In 2022, purchases abroad 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. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, motorcycle or bicycle tyre imports dropped markedly to $X in 2022. In general, imports, however, saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then contracted significantly in the following year.

Imports by Country

In 2022, India (X units) constituted the largest motorcycle or bicycle tyre supplier to Bangladesh, with a X% share of total imports. Moreover, motorcycle or bicycle tyre imports from India exceeded the figures recorded by the second-largest supplier, Sri Lanka (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Sri Lanka (X% per year) and China (X% per year).

In value terms, India ($X) constituted the largest supplier of tyres for motorcycles or bicycles to Bangladesh, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, recorded a noticeable increase. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for motorcycles or bicycles in the world?

China constituted the country with the largest volume of motorcycle or bicycle tyre consumption, comprising approx. 22% of total volume. Moreover, motorcycle or bicycle tyre consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. South Africa ranked third in terms of total consumption with an 8.1% share.

What are the largest producers of tyres for motorcycles or bicycles in the world?

The country with the largest volume of motorcycle or bicycle tyre production was China, comprising approx. 39% of total volume. Moreover, motorcycle or bicycle tyre production in China exceeded the figures recorded by the second-largest producer, South Africa, fivefold. The United States ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of tyres for motorcycles or bicycles to Bangladesh?

In value terms, India constituted the largest supplier of motorcycle or bicycle tyre to Bangladesh, comprising 94% of total imports. The second position in the ranking was occupied by China, with a 4.2% share of total imports.

What are the leading importers of tyres for motorcycles or bicycles from Bangladesh?

In value terms, Turkey remains the key foreign market for motorcycle or bicycle tyre exports from Bangladesh, comprising 96% of total exports. The second position in the ranking was occupied by the UK, with a 2.1% share of total exports.

What is the average export price for tyres for motorcycles or bicycles in Bangladesh?

The average motorcycle or bicycle tyre export price stood at $2,202 per ton in 2021, shrinking by -2% against the previous year.

What is the average import price for tyres for motorcycles or bicycles in Bangladesh?

In 2021, the average motorcycle or bicycle tyre import price amounted to $8,296 per ton, growing by 16% against the previous year.

This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in Bangladesh. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles

Country coverage:

Bangladesh

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Bangladesh
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023