Report Update Nov 1, 2024

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

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Puerto Rico: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Puerto Rico

In 2021, the Puerto Rican truck and bus tyre market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Overall, consumption, however, showed a noticeable shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Tyres For Buses Or Lorries in Puerto Rico

In value terms, truck and bus tyre production soared to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 42%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Exports of Tyres For Buses Or Lorries

Exports by Country

In 2021, China (X units), distantly followed by Thailand (X units), the United States (X units), Germany (X units) and Vietnam (X units) represented the major exporters of tyres for buses or lorries, together generating 52% of total exports. Turkey (X units), Spain (X units), Slovakia (X units), Canada (X units), Japan (X units), Poland (X units), South Korea (X units) and India (X units) held a relatively small share of total exports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +25.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest truck and bus tyre supplier from Puerto Rico, comprising 30% of global exports. The second position in the ranking was taken by Thailand ($X), with a 9.6% share of global exports. It was followed by the United States, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+10.5% per year) and the United States (-4.0% per year).

Imports of Tyres For Buses Or Lorries

Imports by Country

The United States (X units) and Mexico (X units) represented the key importers of tyres for buses or lorries in 2021, resulting at approx. 22% and 15% of total imports, respectively. It was distantly followed by Germany (X units), mixing up a 5.2% share of total imports. Canada (X units), Australia (X units), France (X units), the Netherlands (X units), Italy (X units), the Philippines (X units), Russia (X units), Belgium (X units), the UK (X units) and the United Arab Emirates (X units) held a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Mexico (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constitutes the largest market for imported tyres for buses or lorries into Puerto Rico, comprising 20% of global imports. The second position in the ranking was held by Germany ($X), with a 6.1% share of global imports. It was followed by Mexico, with a 5.2% share.

In the United States, truck and bus tyre imports expanded at an average annual rate of +2.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-1.9% per year) and Mexico (+0.3% per year).

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, with a combined 43% share of global consumption. Japan, Portugal, Mexico, Indonesia, France, Germany, the UK, Russia, South Korea and Australia lagged somewhat behind, together comprising 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 Puerto Rico?

In value terms, the United States constitutes the largest market for imported tyres for buses or lorries into Puerto Rico, comprising 21% of global imports. The second position in the ranking was occupied by Germany, with a 6.2% share of global imports. It was followed by Mexico, with a 5.4% share.

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

In value terms, China remains the largest truck and bus tyre supplier from Puerto Rico, comprising 28% of global exports. The second position in the ranking was occupied by Thailand, with an 8% share of global exports. It was followed by the United States, with a 6.9% share.

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

In 2021, the export price in Puerto Rico amounted to less than $0.1 per thousand units, remaining constant against the previous year.

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

In 2021, the import price in Puerto Rico amounted to less than $0.1 per thousand units, flattening at the previous year.

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

Puerto Rico

Data coverage:

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