Motorcycle Tire Price in Mexico - 2023
Contents:
- Motorcycle Tire Price in Mexico (CIF) - 2023
- Motorcycle Tire Price in Mexico (FOB) - 2022
- Motorcycle Tire Imports in Mexico
- Motorcycle Tire Exports in Mexico
Motorcycle Tire Price in Mexico (CIF) - 2023
In August 2023, the average motorcycle tire import price amounted to $10.2 per unit, with a decrease of -18% against the previous month. In general, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 15% against the previous month. The import price peaked at $13.9 per unit in September 2022; however, from October 2022 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was India ($24.4 per unit), while the price for China ($9.2 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Motorcycle Tire Price in Mexico (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $41 per unit, with an increase of 16% against the previous year. In general, the export price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2015 an increase of 63% against the previous year. Over the period under review, the average export prices hit record highs at $49 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Cuba.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +43.7% per year.
Motorcycle Tire Imports in Mexico
In 2022, motorcycle tire imports into Mexico was estimated at 5.2M units, leveling off at the previous year. Overall, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 194%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, motorcycle tire imports expanded remarkably to $67M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.
| Import of Motorcycle Tire in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 24.8 | 27.9 | 50.9 | 50.6 | 26.8% |
| Thailand | 2.1 | 3.0 | 2.3 | 4.0 | 24.0% |
| Brazil | 1.9 | 1.2 | 0.6 | 2.9 | 15.1% |
| Taiwan (Chinese) | 3.2 | 3.4 | 3.9 | 2.9 | -3.2% |
| Indonesia | 2.5 | 2.1 | 1.6 | 2.9 | 5.1% |
| India | 0.9 | 0.9 | 0.8 | 2.5 | 40.6% |
| Others | 4.7 | 4.8 | 2.2 | 1.4 | -33.2% |
| Total | 40.1 | 43.3 | 62.5 | 67.3 | 18.8% |
Top Suppliers of Motorcycle Tire to Mexico in 2022:
- China (4542.2K units)
- India (143.5K units)
- Thailand (136.6K units)
- Taiwan (Chinese) (110.7K units)
- Indonesia (103.7K units)
- Brazil (102.8K units)
Motorcycle Tire Exports in Mexico
Motorcycle tire exports from Mexico dropped significantly to 567 units in 2022, reducing by -58.6% against the previous year. Overall, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 54% against the previous year. As a result, the exports attained the peak of 1.4K units, and then shrank sharply in the following year.
In value terms, motorcycle tire exports shrank notably to $23K in 2022. Over the period under review, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 86%. As a result, the exports attained the peak of $49K, and then contracted dramatically in the following year.
| Export of Motorcycle Tire in Mexico (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cuba | 31.8 | 26.2 | 48.6 | 23.3 | -9.8% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 31.8 | 26.2 | 48.6 | 23.3 | -9.8% |
Top Export Markets for Motorcycle Tire from Mexico in 2022:
- Cuba (567.0 units)
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