Overview of the Global Market for Tyres For Motorcycles or Bicycles

Market Size for Tyres For Motorcycles or Bicycles

For the sixth consecutive year, the global motorcycle or bicycle tyre market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. Over the period under review, the global market attained the peak level in 2022 and is likely to see steady growth in the near future.

Production of Tyres For Motorcycles or Bicycles

In value terms, motorcycle or bicycle tyre production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Global production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Tyres For Motorcycles or Bicycles

Exports

In 2022, shipments abroad of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, motorcycle or bicycle tyre exports totaled $X in 2022. Overall, total exports indicated a tangible expansion 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, exports increased by X% against 2016 indices. The pace of growth was the most pronounced in 2021 when exports increased by X%. The global exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

China was the largest exporter of tyres for motorcycles or bicycles in the world, with the volume of exports recording X units, which was near X% of total exports in 2022. Thailand (X units) held an X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%), Germany (X%), Indonesia (X%) and Vietnam (X%). Taiwan (Chinese) (X units), the Netherlands (X units) and Sri Lanka (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of tyres for motorcycles or bicycles. At the same time, the Netherlands (X%), Vietnam (X%), Sri Lanka (X%), Germany (X%) and Thailand (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Taiwan (Chinese) and India experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Indonesia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest motorcycle or bicycle tyre supplying countries worldwide were China ($X), Germany ($X) and Thailand ($X), with a combined X% share of global exports. Indonesia, Taiwan (Chinese), Vietnam, India, the Netherlands and Sri Lanka lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

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

Imports of Tyres For Motorcycles or Bicycles

Imports

In 2022, after two years of growth, there was significant decline in supplies from abroad of tyres for motorcycles or bicycles, when their volume decreased by X% to X units. The total import volume increased at an average annual rate of X% 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 2021 with an increase of X%. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, motorcycle or bicycle tyre imports rose notably 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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X units), the Netherlands (X units), Italy (X units), the United States (X units), Mexico (X units), France (X units), the Philippines (X units), Colombia (X units), Brazil (X units), Poland (X units), Malaysia (X units) and Spain (X units) represented roughly X% of total imports in 2022. Cambodia (X units) followed a long way behind the leaders.

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

In value terms, the largest motorcycle or bicycle tyre importing markets worldwide were Germany ($X), the United States ($X) and Italy ($X), together comprising X% of global imports. The Netherlands, Spain, France, Colombia, Mexico, Malaysia, Brazil, Poland, the Philippines and Cambodia lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global 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, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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