Ireland: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Ireland

In 2022, after two years of growth, there was significant decline in the Irish motorcycle or bicycle tyre market, when its value decreased by X% to $X. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from Ireland

In 2022, shipments abroad of tyres for motorcycles or bicycles increased by X% to X units, rising for the third consecutive year after four years of decline. Overall, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, motorcycle or bicycle tyre exports stood at $X in 2022. Over the period under review, total exports indicated a temperate expansion 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 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The UK (X units) was the main destination for motorcycle or bicycle tyre exports from Ireland, with a X% share of total exports. Moreover, motorcycle or bicycle tyre exports to the UK exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. France (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and France (X% per year).

In value terms, the UK ($X) remains the key foreign market for tyres for motorcycles or bicycles exports from Ireland, comprising X% of total exports. The second position in the ranking was taken by Austria ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (X.0% per year) and France (X% per year).

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Mexico ($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 Austria (X.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Ireland

In 2022, motorcycle or bicycle tyre imports into Ireland declined notably to X units, waning by X% against 2021 figures. In general, imports showed a drastic downturn. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, motorcycle or bicycle tyre imports fell to $X in 2022. Overall, total imports indicated measured growth 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, imports increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then dropped in the following year.

Imports by Country

The UK (X units), Thailand (X units) and China (X units) were the main suppliers of motorcycle or bicycle tyre imports to Ireland, with a combined X% 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 Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X) constituted the largest supplier of tyres for motorcycles or bicycles to Ireland, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with an X% share of total imports. It was followed by France, with an X% share.

From 2012 to 2022, the average annual growth rate of value from the UK was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, standing approx. at the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Belgium ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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