Japan: Market for Tyres For Buses Or Lorries 2025

Market Size for Tyres For Buses Or Lorries in Japan

The Japanese truck and bus tyre market reduced to $X in 2022, waning by -2.5% against the previous year. Overall, consumption recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2020 when the market value increased by 5.9% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Tyres For Buses Or Lorries in Japan

In value terms, truck and bus tyre production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 0.8%. Truck and bus tyre production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Japan

In 2022, exports of tyres for buses or lorries from Japan expanded remarkably to X units, surging by 8.4% compared with the previous year's figure. Overall, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck and bus tyre exports soared to $X in 2022. In general, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 28%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for truck and bus tyre exports from Japan, accounting for a 47% share of total exports. Moreover, truck and bus tyre exports to the United States exceeded the volume sent to the second major destination, Saudi Arabia (X units), sevenfold. The United Arab Emirates (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-9.7% per year) and the United Arab Emirates (-8.6% per year).

In value terms, the United States ($X) remains the key foreign market for tyres for buses or lorries exports from Japan, comprising 47% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 6.9% share of total exports. It was followed by the United Arab Emirates, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-8.8% per year) and the United Arab Emirates (-9.1% per year).

Export Prices by Country

In 2022, the average truck and bus tyre export price amounted to $X per unit, with an increase of 9.3% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 23% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Belgium ($X per unit) and Mexico ($X per unit), while the average price for exports to Russia ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Japan

In 2022, approx. X units of tyres for buses or lorries were imported into Japan; with an increase of 13% against 2021. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 +4.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 35%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, truck and bus tyre imports skyrocketed to $X in 2022. Overall, total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +67.3% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 37%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest truck and bus tyre supplier to Japan, accounting for a 58% share of total imports. Moreover, truck and bus tyre imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), twofold. Indonesia (X units) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+12.1% per year) and Indonesia (-10.5% per year).

In value terms, China ($X) constituted the largest supplier of tyres for buses or lorries to Japan, comprising 58% of total imports. The second position in the ranking was held by Thailand ($X), with a 28% share of total imports. It was followed by Indonesia, with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+10.5% per year) and Indonesia (-11.7% per year).

Import Prices by Country

In 2022, the average truck and bus tyre import price amounted to $X per unit, rising by 2.9% against the previous year. In general, the import price, however, saw a mild descent. The growth pace was the most rapid in 2018 when the average import price increased by 20%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Thailand ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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