Southern Asia: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in Southern Asia

In 2022, after two years of growth, there was significant decline in the South Asian pneumatic tyre retreading machinery market, when its value decreased by -47% to $X. In general, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in Southern Asia

In value terms, pneumatic tyre retreading machinery production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the production volume increased by 34%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports in Southern Asia

In 2022, exports of machinery for moulding or retreading pneumatic tyres in Southern Asia soared to X units, with an increase of 52% against 2021 figures. Overall, exports showed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 109% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, pneumatic tyre retreading machinery exports skyrocketed to $X in 2022. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2013 when exports increased by 105% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

India (X units) represented roughly 100% of total exports in 2022.

India was also the fastest-growing in terms of the machinery for moulding or retreading pneumatic tyres exports, with a CAGR of +9.9% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest pneumatic tyre retreading machinery supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +6.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, falling by -7.1% against the previous year. In general, the export price continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the export price increased by 145% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 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 India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -2.9% per year.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports in Southern Asia

Pneumatic tyre retreading machinery imports fell significantly to X units in 2022, with a decrease of -53.3% compared with the previous year. In general, imports, however, posted slight growth. The most prominent rate of growth was recorded in 2021 with an increase of 258%. As a result, imports attained the peak of X units, and then reduced sharply in the following year.

In value terms, pneumatic tyre retreading machinery imports dropped to $X in 2022. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth was the most pronounced in 2019 when imports increased by 176% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India dominates imports structure, finishing at X units, which was near 82% of total imports in 2022. It was distantly followed by Sri Lanka (X units) and Nepal (X units), together mixing up a 14% share of total imports. Pakistan (X units) held a little share of total imports.

Imports into India increased at an average annual rate of +1.4% from 2012 to 2022. At the same time, Nepal (+8.7%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +8.7% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. By contrast, Pakistan (-8.1%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nepal and India increased by +3.1 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported machinery for moulding or retreading pneumatic tyres in Southern Asia, comprising 98% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 0.5% share of total imports. It was followed by Pakistan, with a 0.4% share.

In India, pneumatic tyre retreading machinery imports expanded at an average annual rate of +12.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sri Lanka (+1.7% per year) and Pakistan (-12.6% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, picking up by 103% against the previous year. In general, the import price saw resilient growth. The pace of growth appeared the most rapid in 2013 when the import price increased by 109% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+11.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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