Report Update Nov 1, 2024

Canada - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights

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Canada: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Canada

The Canadian passenger car tyre market reached $X in 2021, increasing by 13% against the previous year. Overall, consumption, however, showed a mild decline. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Passenger Car Tyre Production in Canada

In value terms, passenger car tyre production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by 48% against the previous year. Passenger car tyre production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Passenger Car Tyre Exports

Exports from Canada

In 2021, the amount of tyres for motor cars exported from Canada rose significantly to X units, growing by 13% against the year before. In general, exports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2018 when exports increased by 17%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, passenger car tyre exports soared to $X in 2021. Overall, exports, however, saw a perceptible reduction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for passenger car tyre exports from Canada, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for tyres for motor cars exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -1.9%.

Export Prices by Country

In 2021, the average passenger car tyre export price amounted to $X per unit, growing by 21% against the previous year. In general, the export price, however, continues to indicate a mild decrease. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -1.1% per year.

Passenger Car Tyre Imports

Imports into Canada

In 2021, purchases abroad of tyres for motor cars was finally on the rise to reach X units after four years of decline. Over the period under review, imports, however, showed a noticeable decrease. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports soared to $X in 2021. In general, imports, however, showed a noticeable reduction. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of passenger car tyre imports to Canada, together accounting for 48% of total imports. These countries were followed by Russia, South Korea, Taiwan (Chinese), Thailand, Indonesia, Mexico, Germany, the Philippines and Vietnam, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +39.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre suppliers to Canada were the United States ($X), China ($X) and Japan ($X), with a combined 47% share of total imports. These countries were followed by Russia, South Korea, Germany, Mexico, Thailand, Indonesia, Taiwan (Chinese), the Philippines and Vietnam, which together accounted for a further 25%.

Vietnam, with a CAGR of +40.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average passenger car tyre import price amounted to $X per unit, rising by 8.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.5%), 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 motor cars in the world?

The country with the largest volume of passenger car tyre consumption was China, accounting for 24% of total volume. Moreover, passenger car tyre consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.5% share.

What are the largest producers of tyres for motor cars in the world?

The country with the largest volume of passenger car tyre production was China, accounting for 30% of total volume. Moreover, passenger car tyre production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 7% share.

What are the leading suppliers of tyres for motor cars to Canada?

In value terms, the largest passenger car tyre suppliers to Canada were the United States, China and Japan, with a combined 59% share of total imports. Russia, South Korea, Germany, Thailand, Mexico, the Philippines, Taiwan Chinese) and Indonesia lagged somewhat behind, together comprising a further 29%.

What are the leading importers of tyres for motor cars from Canada?

In value terms, the United States remains the key foreign market for passenger car tyre exports from Canada.

What is the average export price for tyres for motor cars in Canada?

The average passenger car tyre export price stood at $58 per unit in 2020, dropping by -1.7% against the previous year.

What is the average import price for tyres for motor cars in Canada?

In 2020, the average passenger car tyre import price amounted to $54 per unit, dropping by -1.6% against the previous year.

This report provides an in-depth analysis of the passenger car tyre market in Canada. 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 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

Country coverage:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
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