Belgium: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Belgium

In 2022, the Belgian motorcycle or bicycle tyre market increased by X% to $X, rising for the sixth year in a row after three years of decline. In general, the total consumption indicated tangible 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, consumption increased by X% against 2016 indices. Motorcycle or bicycle tyre consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Tyres For Motorcycles or Bicycles in Belgium

In value terms, motorcycle or bicycle tyre production contracted slightly to $X in 2022 estimated in export price. Overall, the total production indicated moderate 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production attained 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 from Belgium

In 2022, overseas shipments of tyres for motorcycles or bicycles increased by X% to X units, rising for the fifth year in a row after five years of decline. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, motorcycle or bicycle tyre exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), the Netherlands (X units) and France (X units) were the main destinations of motorcycle or bicycle tyre exports from Belgium, with a combined X% share of total exports. Spain, the UK, Italy and the Czech Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for motorcycle or bicycle tyre exported from Belgium were Germany ($X), France ($X) and Spain ($X), with a combined X% share of total exports. The Netherlands, Italy, the Czech Republic and the UK lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average motorcycle or bicycle tyre export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Belgium

After two years of growth, overseas purchases of tyres for motorcycles or bicycles decreased by X% to X units in 2022. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then declined dramatically in the following year.

In value terms, motorcycle or bicycle tyre imports plummeted to $X in 2022. In general, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted rapidly in the following year.

Imports by Country

The Netherlands (X units), Thailand (X units) and Italy (X units) were the main suppliers of motorcycle or bicycle tyre imports to Belgium, with a combined X% share of total imports.

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

In value terms, the largest motorcycle or bicycle tyre suppliers to Belgium were the Netherlands ($X), Italy ($X) and Germany ($X), with a combined X% share of total imports.

The Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, import price attained the peak level of $X per unit, and then declined dramatically in the following year.

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

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

Source: IndexBox Platform

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