Japan: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Japan

The Japanese passenger car tyre market fell slightly to $X in 2021, shrinking by -4.7% against the previous year. Overall, consumption, however, enjoyed a temperate increase. Over the period under review, the market attained the peak level at $X in 2020, and then dropped modestly in the following year.

Passenger Car Tyre Production in Japan

In value terms, passenger car tyre production fell modestly to $X in 2021 estimated in export price. In general, production, however, showed a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of less than 0.1% against the previous year. Passenger car tyre production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Passenger Car Tyre Exports

Exports from Japan

In 2021, approx. X units of tyres for motor cars were exported from Japan; growing by 18% compared with the previous year. In general, exports, however, continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 20% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, passenger car tyre exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for passenger car tyre exports from Japan, accounting for a 37% share of total exports. Moreover, passenger car tyre exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. The third position in this ranking was held by Russia (X units), with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-11.3% per year) and Russia (-16.9% per year).

In value terms, the United States ($X) remains the key foreign market for tyres for motor cars exports from Japan, comprising 37% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 7% share of total exports. It was followed by Russia, with a 4.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-11.1% per year) and Russia (-15.3% per year).

Export Prices by Country

In 2021, the average passenger car tyre export price amounted to $X per unit, rising by 5.7% against the previous year. In general, export price indicated slight growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car tyre export price increased by +21.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of 54% against the previous year. The export price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Russia ($X per unit) and Australia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into Japan

In 2021, approx. X units of tyres for motor cars were imported into Japan; surging by 1.7% compared with 2020 figures. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 16%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports totaled $X in 2021. Over the period under review, imports, however, continue to indicate a slight downturn. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Thailand (X units) and Taiwan (Chinese) (X units) were the main suppliers of passenger car tyre imports to Japan, together comprising 54% of total imports. Indonesia, the United Arab Emirates, Germany, South Korea, Vietnam, Spain, the United States, Italy, France and the Philippines lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +60.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and Taiwan (Chinese) ($X) appeared to be the largest passenger car tyre suppliers to Japan, with a combined 54% share of total imports. Indonesia, the United Arab Emirates, Germany, South Korea, Vietnam, Spain, the United States, Italy, France and the Philippines lagged somewhat behind, together comprising a further 35%.

The United Arab Emirates, with a CAGR of +58.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2021, rising by 11% against the previous year. In general, the import price, however, recorded a slight reduction. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Vietnam ($X per unit) and the Philippines ($X per unit), while the price for the United Arab Emirates ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :