Japan: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Japan

The Japanese retreaded pneumatic tyre market fell slightly to $X in 2022, declining by -1.7% against the previous year. In general, consumption saw a perceptible downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in Japan

In value terms, retreaded pneumatic tyre production reduced modestly to $X in 2022 estimated in export price. Overall, production saw a noticeable slump. The pace of growth appeared the most rapid in 2013 with an increase of 58% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Japan

In 2022, overseas shipments of retreaded pneumatic tyres were finally on the rise to reach X units after four years of decline. Overall, exports, however, continue to indicate a precipitous decrease. The pace of growth was the most pronounced in 2017 with an increase of 95% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 with an increase of 191% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Malaysia (X units), the United States (X units) and Myanmar (X units) were the main destinations of retreaded pneumatic tyre exports from Japan, with a combined 59% share of total exports. El Salvador, Guinea, Thailand, Spain, Taiwan (Chinese) and South Korea lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +30.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for retreaded pneumatic tyre exported from Japan were Malaysia ($X), the United States ($X) and Myanmar ($X), together accounting for 52% of total exports. South Korea, El Salvador, Guinea, Spain, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 37%.

Guinea, with a CAGR of +38.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, with an increase of 38% against the previous year. Overall, the export price enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 190% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 Spain (+30.0%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Japan

In 2022, retreaded pneumatic tyre imports into Japan skyrocketed to X units, jumping by 22% on the previous year's figure. In general, imports, however, showed a perceptible slump. The pace of growth appeared the most rapid in 2020 when imports increased by 132%. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports surged to $X in 2022. Over the period under review, imports, however, recorded a noticeable downturn. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Thailand (X units) constituted the largest retreaded pneumatic tyre supplier to Japan, accounting for a 67% share of total imports. Moreover, retreaded pneumatic tyre imports from Thailand exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was taken by South Korea (X units), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Thailand stood at -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.8% per year) and South Korea (-11.9% per year).

In value terms, Thailand ($X) constituted the largest supplier of retreaded pneumatic tyres to Japan, comprising 90% of total imports. The second position in the ranking was taken by South Korea ($X), with a 3.3% share of total imports. It was followed by China, with a 1.5% share.

From 2012 to 2022, the average annual growth rate of value from Thailand stood at -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-10.6% per year) and China (+14.0% per year).

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, increasing by 29% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by 91% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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