Report Update Nov 1, 2024

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

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Cuba: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Cuba

The Cuban motorcycle or bicycle tyre market reduced modestly to $X in 2021, falling by -3.4% 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). Over the period under review, consumption, however, continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from Cuba

In 2019, approx. X kg of tyres for motorcycles or bicycles were exported from Cuba; standing approx. at the previous year's figure. Overall, exports recorded a significant increase. The smallest decline of -5.9% was in 2013. The exports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, motorcycle or bicycle tyre exports stood at $X in 2019. Over the period under review, exports showed significant growth. The smallest decline of -40.8% was in 2013. The exports peaked in 2019 and are likely to see steady growth in the near future.

Exports by Country

Panama (X kg) was the main destination for motorcycle or bicycle tyre exports from Cuba, with a 74% share of total exports. Moreover, motorcycle or bicycle tyre exports to Panama exceeded the volume sent to the second major destination, the Czech Republic (X kg), threefold.

From 2012 to 2019, the average annual rate of growth in terms of volume to Panama was relatively modest.

In value terms, the largest markets for motorcycle or bicycle tyre exported from Cuba were Panama ($X) and the Czech Republic ($X).

In terms of the main countries of destination, the Czech Republic, with a CAGR of 0.0%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2019, the average motorcycle or bicycle tyre export price amounted to $X per ton, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price decreased by -37.1% against the previous year. Over the period under review, the average export prices hit record highs in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the Czech Republic ($X per ton), while the average price for exports to Panama stood at $X per ton.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Cuba

In 2021, after four years of decline, there was significant growth in supplies from abroad of tyres for motorcycles or bicycles, when their volume increased by 33% to X tons. Over the period under review, imports, however, showed a abrupt downturn. The pace of growth appeared the most rapid in 2016 with an increase of 58%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre imports contracted rapidly to $X in 2021. In general, imports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 92%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main motorcycle or bicycle tyre supplier to Cuba, accounting for a 91% share of total imports. It was followed by Panama (X tons), with a 2.8% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -12.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-23.0% per year) and Mexico (+44.9% per year).

In value terms, China ($X) constituted the largest supplier of tyres for motorcycles or bicycles to Cuba, comprising 73% of total imports. The second position in the ranking was held by Panama ($X), with a 10% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to -11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-13.3% per year) and Mexico (+46.4% per year).

Import Prices by Country

In 2021, the average motorcycle or bicycle tyre import price amounted to $X per ton, dropping by -42.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average import price increased by 69% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Panama ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+12.5%), 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 motorcycles or bicycles in the world?

China remains the largest motorcycle or bicycle tyre consuming country worldwide, accounting for 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?

China constituted the country with the largest volume of motorcycle or bicycle tyre production, accounting for 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 third position in this ranking was occupied by the United States, with a 6.5% share.

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

In value terms, Mexico constituted the largest supplier of motorcycle or bicycle tyre to Cuba, comprising 21% of total imports. The second position in the ranking was occupied by Spain, with a 10% share of total imports. It was followed by Panama, with a 9.8% share.

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

The average motorcycle or bicycle tyre export price stood at $9,535 per ton in 2019, leveling off at the previous year.

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

In 2021, the average motorcycle or bicycle tyre import price amounted to $5,714 per ton, picking up by 37% against the previous year.

This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in Cuba. 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:

Cuba

Data coverage:

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