India: Tyre Market 2025

Tyre Market Size in India

The Indian tyre market rose to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Tyre consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Tyre Production in India

In value terms, tyre production rose 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 indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Tyre production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Tyre Exports

Exports from India

Tyre exports from India contracted to X units in 2022, waning by X% compared with the previous year. Overall, total exports indicated tangible 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, exports increased by X% against 2017 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, tyre exports expanded rapidly to $X in 2022. In general, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Exports by Country

The United States (X units), Germany (X units) and Nepal (X units) were the main destinations of tyre exports from India, together accounting for X% of total exports. The Netherlands, Bangladesh, Kenya, Brazil, Egypt, Tanzania, the United Arab Emirates, Mexico, the Philippines and Burkina Faso 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 Mexico (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for tyres exports from India, comprising X% of total exports. The second position in the ranking was held by Germany ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Brazil (X% per year).

Export Prices by Country

In 2022, the average tyre export price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

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

Tyre Imports

Imports into India

Tyre imports into India shrank dramatically to X units in 2022, waning by X% compared with the previous year. Over the period under review, imports recorded a deep slump. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, tyre imports surged to $X in 2022. Overall, imports saw a drastic downturn. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and Vietnam (X units) were the main suppliers of tyre imports to India, together accounting for X% of total imports. Sri Lanka, Japan, Germany, Malaysia, Romania, the United States, South Korea, the United Arab Emirates, Indonesia and Taiwan (Chinese) 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 Romania (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest tyre suppliers to India were Japan ($X), China ($X) and Thailand ($X), with a combined X% share of total imports.

Japan, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average tyre import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Malaysia ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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