U.S.: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in the U.S.

The U.S. motorcycle or bicycle tyre market expanded to $X in 2022, growing by X% against the previous year. Overall, the total consumption indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. Motorcycle or bicycle tyre consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Tyres For Motorcycles or Bicycles in the U.S.

In value terms, motorcycle or bicycle tyre production rose modestly to $X in 2022. Overall, the total production indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Motorcycle or bicycle tyre production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Tyres For Motorcycles or Bicycles

Exports from the U.S.

After two years of growth, shipments abroad of tyres for motorcycles or bicycles decreased by X% to X units in 2022. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then dropped in the following year.

In value terms, motorcycle or bicycle tyre exports reduced to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for motorcycle or bicycle tyre exports from the United States, with a X% share of total exports. Moreover, motorcycle or bicycle tyre exports to Canada exceeded the volume sent to the second major destination, Thailand (X units), more than tenfold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Mexico (X% per year).

In value terms, Canada ($X) remains the key foreign market for tyres for motorcycles or bicycles exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Luxembourg ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (X% per year) and Thailand (X% per year).

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the export price, however, continues to indicate a slight downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Haiti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced a decline.

Imports of Tyres For Motorcycles or Bicycles

Imports into the U.S.

For the third consecutive year, the United States recorded growth in overseas purchases of tyres for motorcycles or bicycles, which increased by X% to X units in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, motorcycle or bicycle tyre imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Indonesia (X units) were the main suppliers of motorcycle or bicycle tyre imports to the United States, together accounting for X% of total imports. Thailand, Germany, Japan, Vietnam and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Thailand ($X) and Germany ($X) constituted the largest motorcycle or bicycle tyre suppliers to the United States, with a combined X% share of total imports. Japan, China, Indonesia, Brazil and Vietnam lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for Vietnam ($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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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