Report Update Nov 1, 2024

Puerto Rico - Tyres for Motor Cars - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Puerto Rico

The Puerto Rican passenger car tyre market declined to $X in 2021, which is down by -8.7% against the previous year. In general, consumption continues to indicate a abrupt descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Passenger Car Tyre Production in Puerto Rico

In value terms, passenger car tyre production reduced to $X in 2021 estimated in export price. In general, production saw a abrupt slump. The pace of growth was the most pronounced in 2016 when the production volume increased by 25%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Passenger Car Tyre Exports

Exports by Country

The biggest shipments were from China (X units), Thailand (X units), South Korea (X units) and Germany (X units), together recording 37% of total export. Poland (X units), Japan (X units), Romania (X units), Turkey (X units), Hungary (X units), the Netherlands (X units), Mexico (X units), Spain (X units) and Indonesia (X units) took a relatively small share of total exports.

From 2012 to 2021, the biggest increases were recorded for Turkey (with a CAGR of +13.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre supplying countries from Puerto Rico were China ($X), Germany ($X) and South Korea ($X), with a combined 30% share of total exports. Thailand, the Netherlands, Japan, Poland, Hungary, Romania, Mexico, Indonesia, Spain and Turkey lagged somewhat behind, together comprising a further 38%.

In terms of the main exporting countries, Turkey, with a CAGR of +10.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units), France (X units) and the UK (X units) represented the major importers of tyres for motor cars, together making up 39% of total imports. The following importers - the Netherlands (X units), Italy (X units), Spain (X units), Canada (X units), Mexico (X units), Russia (X units), Poland (X units), Australia (X units) and Belgium (X units) - together made up 24% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of +5.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre importing markets into Puerto Rico were the United States ($X), Germany ($X) and France ($X), together accounting for 33% of total imports. These countries were followed by the Netherlands, the UK, Italy, Canada, Spain, Mexico, Belgium, Poland, Australia and Russia, which together accounted for a further 29%.

Among the main importing countries, Poland, with a CAGR of +5.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for motor cars in the world?

China remains the largest passenger car tyre consuming country worldwide, comprising approx. 24% of total volume. Moreover, passenger car tyre consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 9.5% share.

What are the largest producers of tyres for motor cars in the world?

China remains the largest passenger car tyre producing country worldwide, comprising approx. 30% of total volume. Moreover, passenger car tyre production in China exceeded the figures recorded by the second-largest producer, India, threefold. The United States ranked third in terms of total production with a 7% share.

What are the leading suppliers of tyres for motor cars to Puerto Rico?

In value terms, the largest passenger car tyre importing markets into Puerto Rico were the United States, Germany and France, with a combined 34% share of total imports. The Netherlands, the UK, Italy, Canada, Mexico, Spain, Belgium, Japan, Poland and Russia lagged somewhat behind, together comprising a further 29%.

What are the leading importers of tyres for motor cars from Puerto Rico?

In value terms, the largest passenger car tyre supplying countries from Puerto Rico were China, Germany and Thailand, with a combined 30% share of total exports. These countries were followed by South Korea, the Netherlands, Japan, Poland, Hungary, France, Romania, Indonesia, Spain and Vietnam, which together accounted for a further 36%.

What is the average export price for tyres for motor cars in Puerto Rico?

The passenger car tyre export price in Puerto Rico stood at $less than 0.1 per thousand units in 2020, therefore, remained relatively stable against the previous year.

What is the average import price for tyres for motor cars in Puerto Rico?

In 2020, the passenger car tyre import price in Puerto Rico amounted to $less than 0.1 per thousand units, standing approx. at the previous year.

This report provides an in-depth analysis of the passenger car tyre market 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 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

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