Report Update Nov 1, 2024

Myanmar - Tyres for Motor Cycles or Bicycles - Market Analysis, Forecast, Size, Trends and Insights

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Myanmar: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Myanmar

In 2022, the Myanmar's motorcycle or bicycle tyre market decreased by X% to $X, falling for the second consecutive year after nine years of growth. Overall, consumption showed a prominent increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Tyres For Motorcycles or Bicycles in Myanmar

In value terms, motorcycle or bicycle tyre production contracted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Motorcycle or bicycle tyre production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Tyres For Motorcycles or Bicycles

Exports from Myanmar

In 2022, the amount of tyres for motorcycles or bicycles exported from Myanmar surged to X units, with an increase of X% on the previous year. Overall, exports, however, continue to indicate a deep setback. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, motorcycle or bicycle tyre exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced descent. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for motorcycle or bicycle tyre exports from Myanmar, accounting for a approx. X% share of total exports.

From 2019 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled X%.

In value terms, Malaysia ($X) also remains the key foreign market for tyres for motorcycles or bicycles exports from Myanmar.

From 2019 to 2022, the average annual rate of growth in terms of value to Malaysia totaled X%.

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, shrinking by X% against the previous year. Overall, export price indicated a resilient expansion from 2019 to 2022: its price increased at an average annual rate of X% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle or bicycle tyre export price increased by X% against 2019 indices. The growth pace was the most rapid in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then dropped in the following year.

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

From 2019 to 2022, the rate of growth in terms of prices for Malaysia amounted to X% per year.

Imports of Tyres For Motorcycles or Bicycles

Imports into Myanmar

In 2022, after two years of decline, there was significant growth in overseas purchases of tyres for motorcycles or bicycles, when their volume increased by X% to X units. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, motorcycle or bicycle tyre imports shrank sharply to $X in 2022. In general, imports saw a prominent increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units), Thailand (X units) and China (X units) were the main suppliers of motorcycle or bicycle tyre imports to Myanmar, with a combined X% share of total imports.

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

In value terms, Vietnam ($X), Thailand ($X) and China ($X) were the largest motorcycle or bicycle tyre suppliers to Myanmar, with a combined X% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average motorcycle or bicycle tyre import price amounted to $X per unit, reducing by X% against the previous year. In general, the import price recorded a deep setback. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), 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 motorcycles or bicycles in the world?

The country with the largest volume of motorcycle or bicycle tyre consumption was China, accounting for 22% of total volume. Moreover, motorcycle or bicycle tyre consumption in China exceeded the figures recorded by the second-largest consumer, the United States, threefold. South Africa ranked third in terms of total consumption with an 8.1% share.

What are the largest producers of tyres for motorcycles or bicycles in the world?

The country with the largest volume of motorcycle or bicycle tyre production was China, comprising approx. 39% of total volume. Moreover, motorcycle or bicycle tyre production in China exceeded the figures recorded by the second-largest producer, South Africa, fivefold. The United States ranked third in terms of total production with a 6.5% share.

What are the leading suppliers of tyres for motorcycles or bicycles to Myanmar?

In value terms, China constituted the largest supplier of motorcycle or bicycle tyre to Myanmar, comprising 60% of total imports. The second position in the ranking was occupied by Thailand, with a 21% share of total imports.

What are the leading importers of tyres for motorcycles or bicycles from Myanmar?

In value terms, Malaysia remains the key foreign market for motorcycle or bicycle tyre exports from Myanmar.

What is the average export price for tyres for motorcycles or bicycles in Myanmar?

The average motorcycle or bicycle tyre export price stood at $8,358 per ton in 2020, increasing by 10% against the previous year.

What is the average import price for tyres for motorcycles or bicycles in Myanmar?

In 2021, the average motorcycle or bicycle tyre import price amounted to $7,180 per ton, rising by 13% against the previous year.

This report provides an in-depth analysis of the market for motorcycle or bicycle 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 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles

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