Report Update Nov 1, 2024

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

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Venezuela: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Venezuela

In 2021, the Venezuelan passenger car tyre market decreased by -1.5% to $X, falling for the second consecutive year after two years of growth. Overall, consumption showed a deep slump. Passenger car tyre consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Passenger Car Tyre Exports

Exports from Venezuela

In 2021, exports of tyres for motor cars from Venezuela dropped to X units, declining by -8.1% against the previous year. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2018 with an increase of 737%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. Overall, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 658% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Brazil (X units), Colombia (X units) and the Netherlands (X units) were the main destinations of passenger car tyre exports from Venezuela, together comprising 80% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +20.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from Venezuela were Brazil ($X), the Netherlands ($X) and Colombia ($X), together comprising 77% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +36.3%, recorded 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.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, surging by 27% against the previous year. In general, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 48%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into Venezuela

In 2021, supplies from abroad of tyres for motor cars decreased by -11.6% to X units, falling for the second consecutive year after two years of growth. Overall, imports saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 81%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports reached $X in 2021. Over the period under review, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 71%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Panama (X units) and Mexico (X units) were the main suppliers of passenger car tyre imports to Venezuela, with a combined 73% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +7.9%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of tyres for motor cars to Venezuela, comprising 42% of total imports. The second position in the ranking was held by Panama ($X), with a 19% share of total imports. It was followed by Democratic People's Republic of Korea, with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Panama (-13.5% per year) and Democratic People's Republic of Korea (+12.1% per year).

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2021, growing by 14% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Democratic People's Republic of Korea ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+9.5%), while the prices for the other major suppliers 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 constituted the country with the largest volume of passenger car tyre consumption, accounting for 24% of total volume. Moreover, passenger car tyre consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 9.5% share.

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

The country with the largest volume of passenger car tyre production was China, 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 third position in this ranking was occupied by the United States, with a 7% share.

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

In value terms, China, Panama and Ecuador constituted the largest passenger car tyre suppliers to Venezuela, with a combined 76% share of total imports.

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

In value terms, the largest markets for passenger car tyre exported from Venezuela were Brazil, the Netherlands and Colombia, with a combined 74% share of total exports. Argentina, Hong Kong SAR and Panama lagged somewhat behind, together accounting for a further 24%.

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

In 2020, the average passenger car tyre export price amounted to $66 per unit, flattening at the previous year.

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

The average passenger car tyre import price stood at $24 per unit in 2020, reducing by -14.7% against the previous year.

This report provides an in-depth analysis of the passenger car tyre market in Venezuela. 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:

Venezuela

Data coverage:

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