Overview of the Global Market for Tyres For Motorcycles or Bicycles

Market Size for Tyres For Motorcycles or Bicycles

In 2022, the global motorcycle or bicycle tyre market decreased by X% to $X, falling for the second consecutive year after four years of growth. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. Over the period under review, the global market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Tyres For Motorcycles or Bicycles

In value terms, motorcycle or bicycle tyre production amounted 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 somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X% against the previous year. Global production peaked in 2022 and is expected to retain growth in the near future.

Exports of Tyres For Motorcycles or Bicycles

Exports

In 2022, shipments abroad of tyres for motorcycles or bicycles increased by X% to X units, rising for the third year in a row after three years of decline. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, motorcycle or bicycle tyre exports shrank slightly to $X in 2022. Over the period under review, total exports indicated a perceptible 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 pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, and then shrank modestly in the following year.

Exports by Country

China was the key exporter of tyres for motorcycles or bicycles in the world, with the volume of exports accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X units), Thailand (X units), India (X units), Germany (X units) and Taiwan (Chinese) (X units), together achieving a X% share of total exports. Indonesia (X units) took a little 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, Vietnam (X%), Taiwan (Chinese) (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, Germany (X%) and Indonesia (X%) illustrated a downward trend over the same period. While the share of Vietnam (X p.p.) and Taiwan (Chinese) (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (X p.p.), Germany (X p.p.) and Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motorcycle or bicycle tyre supplying countries worldwide were China ($X), Germany ($X) and Thailand ($X), together accounting for X% of global exports. Indonesia, Vietnam, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, dropping by X% against the previous year. Overall, export price indicated a pronounced 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 export price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 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 Indonesia ($X per unit), while Vietnam ($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 other global leaders experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports

In 2022, purchases abroad of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, motorcycle or bicycle tyre imports reached $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

The purchases of the twelve major importers of tyres for motorcycles or bicycles, namely Germany, Italy, the United States, Mexico, the Netherlands, France, the Philippines, Brazil, Colombia, Poland, Spain and Malaysia, represented more than half of total import. Cambodia (X units) followed a long way behind the leaders.

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

In value terms, Germany ($X), the United States ($X) and Italy ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Spain, France, the Netherlands, Mexico, Colombia, Poland, Brazil, Malaysia, Cambodia and the Philippines lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global 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, rising by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Spain ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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