Report Update Nov 1, 2024

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

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Pakistan: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Pakistan

In 2022, after two years of growth, there was significant decline in the Pakistani truck and bus tyre market, when its value decreased by -52.2% to $X. Overall, consumption recorded a perceptible decrease. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Pakistan

In 2022, the amount of tyres for buses or lorries exported from Pakistan declined to X units, with a decrease of -9% compared with the previous year's figure. In general, exports faced a sharp shrinkage. The growth pace was the most rapid in 2020 with an increase of 416% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck and bus tyre exports reduced to $X in 2022. Overall, exports saw a significant decrease. The growth pace was the most rapid in 2020 with an increase of 505% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

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

From 2012 to 2022, the average annual growth rate of volume to Afghanistan amounted to -27.4%.

In value terms, Afghanistan ($X) also remains the key foreign market for tyres for buses or lorries exports from Pakistan.

From 2012 to 2022, the average annual rate of growth in terms of value to Afghanistan totaled -27.1%.

Export Prices by Country

In 2022, the average truck and bus tyre export price amounted to $X per unit, falling by -4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 99%. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Egypt amounted to +36.4% per year.

Imports of Tyres For Buses Or Lorries

Imports into Pakistan

In 2022, overseas purchases of tyres for buses or lorries decreased by -45.2% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports continue to indicate a perceptible downturn. The pace of growth was the most pronounced in 2020 when imports increased by 102% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, truck and bus tyre imports plummeted to $X in 2022. Overall, imports recorded a deep reduction. The pace of growth was the most pronounced in 2020 when imports increased by 213%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of truck and bus tyre to Pakistan, with a 77% share of total imports. Moreover, truck and bus tyre imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), sevenfold. The third position in this ranking was taken by Vietnam (X units), with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-1.8% per year) and Vietnam (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of tyres for buses or lorries to Pakistan, comprising 78% of total imports. The second position in the ranking was held by Thailand ($X), with a 10% share of total imports. It was followed by the United Arab Emirates, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-5.0% per year) and the United Arab Emirates (-0.1% per year).

Import Prices by Country

The average truck and bus tyre import price stood at $X per unit in 2022, waning by -18.5% against the previous year. In general, the import price saw a pronounced decrease. The most prominent rate of growth was recorded in 2020 an increase of 55% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average 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 the United Arab Emirates ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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. These countries were followed by Japan, Portugal, Mexico, Indonesia, France, Germany, the UK, Russia, South Korea and Australia, which together accounted for a further 27%.

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

China remains the largest truck and bus tyre producing country worldwide, accounting for 41% of total volume. Moreover, truck and bus tyre production in China exceeded the figures recorded by the second-largest producer, India, fivefold. The United States ranked third in terms of total production with a 6.9% share.

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

In value terms, China constituted the largest supplier of truck and bus tyre to Pakistan, comprising 82% of total imports. The second position in the ranking was occupied by Thailand, with an 11% share of total imports. It was followed by Vietnam, with a 2.4% share.

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

In value terms, Afghanistan remains the key foreign market for truck and bus tyre exports from Pakistan, comprising 79% of total exports. The second position in the ranking was occupied by Bangladesh, with a 21% share of total exports.

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

In 2021, the average truck and bus tyre export price amounted to $18 per unit, declining by -44.9% against the previous year.

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

In 2021, the average truck and bus tyre import price amounted to $81 per unit, dropping by -8.6% against the previous year.

This report provides an in-depth analysis of the market for truck and bus tyre in Pakistan. 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:

Pakistan

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Pakistan
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