Indonesia: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Indonesia

The Indonesian retreaded pneumatic tyre market fell slightly to $X in 2022, waning by -2.2% against the previous year. Overall, consumption saw a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 6.1%. Retreaded pneumatic tyre consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Indonesia

In value terms, retreaded pneumatic tyre production fell slightly to $X in 2022 estimated in export price. In general, production showed a pronounced contraction. The most prominent rate of growth was recorded in 2013 with an increase of 7.1%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from Indonesia

Retreaded pneumatic tyre exports from Indonesia totaled X units in 2022, flattening at the year before. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2013 when exports increased by 511% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports shrank to $X in 2022. Overall, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 437%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Afghanistan (X units), Timor-Leste (X units) and Taiwan (Chinese) (X units) were the main destinations of retreaded pneumatic tyre exports from Indonesia, with a combined 72% share of total exports. The United States, the Netherlands, Singapore, Malaysia and Hong Kong SAR lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +37.4%), while the other leaders experienced more modest paces of growth.

In value terms, Timor-Leste ($X) remains the key foreign market for retreaded pneumatic tyres exports from Indonesia, comprising 47% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 10% share of total exports. It was followed by Afghanistan, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Timor-Leste totaled +21.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+10.6% per year) and Afghanistan (+13.7% per year).

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, dropping by -7.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 52%. 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 destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to the United States ($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 Afghanistan (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Indonesia

For the fourth consecutive year, Indonesia recorded growth in supplies from abroad of retreaded pneumatic tyres, which increased by 19% to X units in 2022. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 137%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports contracted to $X in 2022. Overall, imports enjoyed a perceptible increase. The pace of growth appeared the most rapid in 2018 with an increase of 59% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined in the following year.

Imports by Country

Singapore (X units), China (X units) and Germany (X units) were the main suppliers of retreaded pneumatic tyre imports to Indonesia, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +49.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), China ($X) and Thailand ($X) constituted the largest retreaded pneumatic tyre suppliers to Indonesia, with a combined 79% share of total imports. Malaysia, Singapore and Germany lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Germany, with a CAGR of +49.1%, 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 retreaded pneumatic tyre import price stood at $X per unit in 2022, falling by -24.9% against the previous year. Over the period under review, the import price, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 498%. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

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 Thailand ($X per unit), while the price for Singapore ($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 (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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