Eastern Asia: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Eastern Asia

In 2022, the East Asian motorcycle or bicycle tyre market decreased by X% to $X, falling for the third year in a row after five years of growth. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Tyres For Motorcycles or Bicycles in Eastern Asia

In value terms, motorcycle or bicycle tyre production reduced modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Tyres For Motorcycles or Bicycles

Exports in Eastern Asia

In 2022, overseas shipments of tyres for motorcycles or bicycles increased by X% to X units, rising for the second year in a row after four years of decline. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, motorcycle or bicycle tyre exports fell to $X in 2022. Total exports indicated a temperate 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 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced in the following year.

Exports by Country

China represented the major exporter of tyres for motorcycles or bicycles in Eastern Asia, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), committing an X% share of total exports. Japan (X units) took a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of tyres for motorcycles or bicycles. At the same time, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycle or bicycle tyre supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, motorcycle or bicycle tyre exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Japan (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, shrinking by X% against the previous year. In general, the export price, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

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

Imports of Tyres For Motorcycles or Bicycles

Imports in Eastern Asia

Motorcycle or bicycle tyre imports declined to X units in 2022, which is down by X% compared with 2021 figures. Overall, imports showed a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre imports declined to $X in 2022. The total import 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank slightly in the following year.

Imports by Country

The countries with the highest levels of motorcycle or bicycle tyre imports in 2022 were Taiwan (Chinese) (X units), Japan (X units) and China (X units), together finishing at X% of total import. It was distantly followed by South Korea (X units), achieving an X% share of total imports. Democratic People's Republic of Korea (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest motorcycle or bicycle tyre importing markets in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports. South Korea, Hong Kong SAR and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further X%.

Among the main importing countries, South Korea, with a CAGR of X%, saw the highest growth rate of 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 import price in Eastern Asia amounted to $X per unit, growing by X% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price 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, motorcycle or bicycle tyre import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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