Malaysia: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Malaysia

The Malaysian retreaded pneumatic tyre market dropped to $X in 2022, remaining stable against the previous year. Overall, consumption, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the market value increased by 6.4% against the previous year. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Retreaded Pneumatic Tyre Production in Malaysia

In value terms, retreaded pneumatic tyre production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 24%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Malaysia

In 2022, overseas shipments of retreaded pneumatic tyres were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 553% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports rose rapidly to $X in 2022. In general, exports saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 387% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for retreaded pneumatic tyre exports from Malaysia, accounting for a 63% share of total exports. Moreover, retreaded pneumatic tyre exports to Australia exceeded the volume sent to the second major destination, Thailand (X units), fourfold. Singapore (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Australia stood at +54.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-3.8% per year) and Singapore (-2.3% per year).

In value terms, Australia ($X) remains the key foreign market for retreaded pneumatic tyres exports from Malaysia, comprising 63% of total exports. The second position in the ranking was held by Thailand ($X), with a 12% share of total exports. It was followed by Singapore, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Australia amounted to +67.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-5.3% per year) and Singapore (+2.3% per year).

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, which is down by -4.8% against the previous year. In general, the export price, however, showed buoyant growth. The growth pace was the most rapid in 2015 an increase of 137%. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then reduced slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Pakistan ($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 India (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Malaysia

In 2022, supplies from abroad of retreaded pneumatic tyres increased by 154% to X units for the first time since 2016, thus ending a five-year declining trend. Over the period under review, imports, however, continue to indicate a drastic downturn. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports soared to $X in 2022. Overall, imports, however, faced a abrupt curtailment. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Singapore (X units), Japan (X units) and Thailand (X units) were the main suppliers of retreaded pneumatic tyre imports to Malaysia, with a combined 65% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +18.1%), while imports for the other leaders experienced a decline.

In value terms, Thailand ($X) constituted the largest supplier of retreaded pneumatic tyres to Malaysia, comprising 46% of total imports. The second position in the ranking was taken by Japan ($X), with a 15% share of total imports. It was followed by China, with a 9.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Thailand totaled -18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-16.2% per year) and China (-11.4% per year).

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, with a decrease of -40% against the previous year. In general, the import price, however, enjoyed modest growth. The most prominent rate of growth was recorded in 2017 an increase of 110%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for Brunei Darussalam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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