China: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in China

In 2022, the Chinese motorcycle or bicycle tyre market decreased by X% to $X, falling for the second year in a row after six years of growth. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Tyres For Motorcycles or Bicycles in China

In value terms, motorcycle or bicycle tyre production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from China

In 2022, shipments abroad of tyres for motorcycles or bicycles increased by X% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, motorcycle or bicycle tyre exports dropped modestly to $X in 2022. In general, total exports indicated a notable increase 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 most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then reduced modestly in the following year.

Exports by Country

Mexico (X units), Nigeria (X units) and Colombia (X units) were the main destinations of motorcycle or bicycle tyre exports from China, together comprising X% of total exports. The Philippines, Japan, Germany, Russia, the United States, Brazil, Ghana, Italy, Poland and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Nigeria ($X), the United States ($X) and Mexico ($X) were the largest markets for motorcycle or bicycle tyre exported from China worldwide, with a combined X% share of total exports. Colombia, Germany, the Philippines, Ghana, Japan, Italy, Brazil, the Netherlands, Russia and Poland lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, shrinking by X% against the previous year. In general, the export price, however, recorded buoyant growth. The growth pace was the most rapid in 2018 an increase of X%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Russia ($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 Ghana (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into China

After two years of growth, overseas purchases of tyres for motorcycles or bicycles decreased by X% to X units in 2022. Overall, total imports indicated temperate growth 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, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs at X units in 2021, and then shrank in the following year.

In value terms, motorcycle or bicycle tyre imports rose to $X in 2022. In general, imports, however, recorded buoyant growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Vietnam (X units), Thailand (X units) and Indonesia (X units) were the main suppliers of motorcycle or bicycle tyre imports to China, 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 Vietnam (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest motorcycle or bicycle tyre suppliers to China were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for X% of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average motorcycle or bicycle tyre import price amounted to $X per unit, surging by X% against the previous year. In general, the import price enjoyed buoyant growth. The growth pace was the most rapid in 2019 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Vietnam ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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