Israel: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Israel

In 2022, the Israeli motorcycle or bicycle tyre market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed prominent growth. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Exports of Tyres For Motorcycles or Bicycles

Exports from Israel

In 2022, shipments 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. In general, exports showed a significant decrease. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre exports fell significantly to $X in 2022. Overall, exports continue to indicate a sharp decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) and Turkey (X units) were the main destinations of motorcycle or bicycle tyre exports from Israel.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%).

In value terms, Turkey ($X) emerged as the key foreign market for tyres for motorcycles or bicycles exports from Israel, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Turkey was relatively modest.

Export Prices by Country

In 2022, the average motorcycle or bicycle tyre export price amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price recorded a strong increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Tyres For Motorcycles or Bicycles

Imports into Israel

In 2022, after two years of growth, there was significant decline in overseas purchases of tyres for motorcycles or bicycles, when their volume decreased by X% to X units. In general, total imports indicated a resilient increase 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, motorcycle or bicycle tyre imports dropped modestly to $X in 2022. Over the period under review, imports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of motorcycle or bicycle tyre to Israel, with a X% share of total imports. Moreover, motorcycle or bicycle tyre imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Spain (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Spain (X% per year).

In value terms, the largest motorcycle or bicycle tyre suppliers to Israel were China ($X), Spain ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. Germany, Indonesia, Thailand, Japan, Serbia, Brazil, Italy, Vietnam and France lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Serbia, with a CAGR of X%, recorded the highest rates of growth with regard to 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, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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