Report Update Nov 1, 2024

Myanmar - Tyres for Buses or Lorries - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Myanmar

The Myanmar's truck and bus tyre market skyrocketed to $X in 2022, with an increase of 25% against the previous year. Overall, consumption, however, showed a noticeable slump. Truck and bus tyre consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Tyres For Buses Or Lorries in Myanmar

In value terms, truck and bus tyre production surged to $X in 2022 estimated in export price. In general, production, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 234%. Truck and bus tyre production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Myanmar

In 2022, after ten years of growth, there was significant decline in overseas shipments of tyres for buses or lorries, when their volume decreased by -70.6% to X units. Over the period under review, exports showed a pronounced slump. The growth pace was the most rapid in 2015 with an increase of 19% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2021, and then declined significantly in the following year.

In value terms, truck and bus tyre exports skyrocketed to $X in 2022. Overall, exports, however, saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Singapore (X units) was the main destination for truck and bus tyre exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Singapore totaled +47.0%.

In value terms, Singapore ($X) emerged as the key foreign market for tyres for buses or lorries exports from Myanmar.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore stood at +33.2%.

Export Prices by Country

The average truck and bus tyre export price stood at $X per unit in 2022, growing by 737% against the previous year. In general, the export price continues to indicate a significant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Singapore.

From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +4.9% per year.

Imports of Tyres For Buses Or Lorries

Imports into Myanmar

After three years of decline, supplies from abroad of tyres for buses or lorries increased by 20% to X units in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 462% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, truck and bus tyre imports amounted to $X in 2022. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 314% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of truck and bus tyre to Myanmar, accounting for a 64% 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. The third position in this ranking was taken by Vietnam (X units), with a 3.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +50.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+49.4% per year) and Vietnam (+18.8% per year).

In value terms, China ($X) constituted the largest supplier of tyres for buses or lorries to Myanmar, comprising 81% of total imports. The second position in the ranking was taken by Thailand ($X), with an 11% share of total imports. It was followed by Vietnam, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +34.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+18.2% per year) and Vietnam (+2.0% per year).

Import Prices by Country

The average truck and bus tyre import price stood at $X per unit in 2022, declining by -13% against the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by 24%. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 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 China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for buses or lorries in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, together accounting for 43% of global consumption. Japan, Portugal, Mexico, Indonesia, France, Germany, the UK, Russia, South Korea and Australia lagged somewhat behind, together accounting for a further 27%.

What are the largest producers of tyres for buses or lorries in the world?

China constituted the country with the largest volume of truck and bus tyre production, comprising approx. 41% of total volume. Moreover, truck and bus tyre production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The third position in this ranking was occupied by the United States, with a 6.9% share.

What are the leading suppliers of tyres for buses or lorries to Myanmar?

In value terms, China constituted the largest supplier of truck and bus tyre to Myanmar, comprising 71% of total imports. The second position in the ranking was occupied by Thailand, with a 13% share of total imports.

What are the leading importers of tyres for buses or lorries from Myanmar?

In value terms, Brazil remains the key foreign market for truck and bus tyre exports from Myanmar.

What is the average export price for tyres for buses or lorries in Myanmar?

In 2021, the average truck and bus tyre export price amounted to $121 per unit, approximately reflecting the previous year.

What is the average import price for tyres for buses or lorries in Myanmar?

In 2021, the average truck and bus tyre import price amounted to $88 per unit, surging by 3.5% against the previous year.

This report provides an in-depth analysis of the market for truck and bus tyre in Myanmar. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121

Country coverage:

Myanmar

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Myanmar
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023