Latin America and the Caribbean: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Latin America and the Caribbean

In 2022, the Latin American 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, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Tyres For Motorcycles or Bicycles in Latin America and the Caribbean

In value terms, motorcycle or bicycle tyre production amounted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Tyres For Motorcycles or Bicycles

Exports in Latin America and the Caribbean

In 2022, overseas shipments of tyres for motorcycles or bicycles decreased by X% to X units, falling for the ninth consecutive year after two years of growth. In general, exports showed a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre exports surged to $X in 2022. Overall, exports saw a deep slump. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. Panama (X units) took a relatively small share of total exports.

Brazil was also the fastest-growing in terms of the tyres for motorcycles or bicycles exports, with a CAGR of X% from 2012 to 2022. Panama (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Panama (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest motorcycle or bicycle tyre supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Panama ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Panama ($X per unit), while Brazil amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%).

Imports of Tyres For Motorcycles or Bicycles

Imports in Latin America and the Caribbean

In 2022, overseas purchases 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. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then fell rapidly in the following year.

In value terms, motorcycle or bicycle tyre imports declined to $X in 2022. Total imports indicated temperate 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 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

Mexico (X units), Brazil (X units) and Colombia (X units) represented roughly X% of total imports in 2022. Peru (X units) ranks next in terms of the total imports with an X% share, followed by Argentina (X%). The following importers - Bolivia (X units), Ecuador (X units), Chile (X units), the Dominican Republic (X units) and Guatemala (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Colombia ($X) and Brazil ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Peru, Argentina, Guatemala, the Dominican Republic, Ecuador, Chile and Bolivia lagged somewhat behind, together accounting for a further X%.

Guatemala, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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