India: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in India

The Indian motorcycle or bicycle tyre market was finally on the rise to reach $X in 2022, after eight years of decline. Overall, consumption, however, recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Tyres For Motorcycles or Bicycles in India

In value terms, motorcycle or bicycle tyre production dropped to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from India

In 2022, the amount of tyres for motorcycles or bicycles exported from India shrank remarkably to X units, with a decrease of X% on the year before. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then contracted significantly in the following year.

In value terms, motorcycle or bicycle tyre exports totaled $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%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Germany (X units), Kenya (X units) and Bangladesh (X units) were the main destinations of motorcycle or bicycle tyre exports from India, together accounting for X% of total exports. Nepal, Tanzania, Burkina Faso, Mali, Egypt, Cote d'Ivoire, Mexico, Nigeria, Iraq and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for motorcycle or bicycle tyre exported from India were Germany ($X), Bangladesh ($X) and Nepal ($X), together accounting for X% of total exports. Kenya, Egypt, Tanzania, the Netherlands, Mexico, Nigeria, Burkina Faso, Mali, Cote d'Ivoire and Iraq lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Mexico, with a CAGR of X%, recorded the highest growth rate of 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, growing by X% against the previous year. Overall, export price indicated temperate growth 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 increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.

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

Imports of Tyres For Motorcycles or Bicycles

Imports into India

In 2022, purchases abroad of tyres for motorcycles or bicycles was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre imports surged to $X in 2022. Overall, imports recorded perceptible growth. The pace of growth was the most pronounced in 2014 when imports increased by X%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units), Sri Lanka (X units) and China (X units) were the main suppliers of motorcycle or bicycle tyre imports to India, together accounting for X% of total imports. Thailand, Malaysia, Japan and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle or bicycle tyre suppliers to India were Thailand ($X), China ($X) and Japan ($X), together accounting for X% of total imports. Malaysia, Indonesia, Vietnam and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Malaysia, 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

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, which is down by X% against the previous year. In general, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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