Report Update Nov 1, 2024

Puerto Rico - Tyres - 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

Puerto Rico: Tyre Market 2022

Tyre Market Size in Puerto Rico

The Puerto Rican tyre market declined to $X in 2021, dropping by -X% against the previous year. Over the period under review, consumption, however, recorded a pronounced setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Tyre Production in Puerto Rico

In value terms, tyre production reduced to $X in 2021 estimated in export price. In general, production, however, showed a pronounced descent. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Puerto Rico production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Tyre Exports

Exports by Country

China was the key exporter of tyres in the world, with the volume of exports resulting at X units, which was near X% of total exports in 2021. Thailand (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%). The following exporters - Indonesia (X units), Japan (X units), South Korea (X units), Taiwan (Chinese) (X units), Spain (X units), Poland (X units), the Netherlands (X units), France (X units), Vietnam (X units) and Romania (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of +X% from 2012 to 2021. At the same time, Thailand (+X%), Vietnam (+X%), Romania (+X%), Spain (+X%), Poland (+X%), the Netherlands (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2012-2021. Taiwan (Chinese) and Germany experienced a relatively flat trend pattern. By contrast, South Korea (-X%), France (-X%) and Japan (-X%) illustrated a downward trend over the same period. While the share of Thailand (+X p.p.) and China (+X p.p.) increased significantly in terms of the global exports from 2012-2021, the share of France (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest tyre supplier from Puerto Rico, comprising X% of global exports. The second position in the ranking was held by Thailand ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

In China, tyre exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+X% per year) and Germany (-X% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, approximately equating the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Japan ($X per thousand units), while Taiwan (Chinese) ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the other leaders experienced more modest paces of growth.

Tyre Imports

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units) were the main importers of tyres, together generating X% of total imports. France (X units), Mexico (X units), Italy (X units), the Netherlands (X units), the UK (X units), Spain (X units), Brazil (X units), Canada (X units), Russia (X units), Colombia (X units) and Australia (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +X% from 2012 to 2021. At the same time, Colombia (+X%), the Netherlands (+X%), Mexico (+X%), Spain (+X%), Italy (+X%), the UK (+X%), Australia (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2012-2021. France and Canada experienced a relatively flat trend pattern. By contrast, Brazil (-X%) and Russia (-X%) illustrated a downward trend over the same period. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported tyres into Puerto Rico, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with an X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-X% per year) and France (+X% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, leveling off at the previous year. Overall, the import price recorded a relatively flat trend pattern.

Prices varied noticeably by the country of destination: the country with the highest price was Australia ($X per thousand units), while Colombia ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres 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. Indonesia, Japan, Russia, Brazil, Germany, the UK, Mexico, South Korea, France and Pakistan lagged somewhat behind, together comprising a further 25%.

What are the largest producers of tyres in the world?

The country with the largest volume of tyre production was China, comprising approx. 38% of total volume. Moreover, tyre production in China exceeded the figures recorded by the second-largest producer, the United States, fivefold. The third position in this ranking was occupied by India, with a 6.4% share.

What are the leading suppliers of tyres to Puerto Rico?

In value terms, the United States constitutes the largest market for imported tyres into Puerto Rico, comprising 18% of global imports. The second position in the ranking was occupied by Germany, with an 8.2% share of global imports. It was followed by France, with a 4.4% share.

What are the leading importers of tyres from Puerto Rico?

In value terms, China remains the largest tyre supplier from Puerto Rico, comprising 19% of global exports. The second position in the ranking was occupied by Thailand, with a 7.2% share of global exports. It was followed by Germany, with a 6.9% share.

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

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

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

The import price in Puerto Rico stood at less than $0.1 per thousand units in 2021, approximately mirroring the previous year.

This report provides an in-depth analysis of the 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)
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
Prodcom 22111370 - New pneumatic rubber tyres for aircraft
Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber

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