Ecuador - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPassenger Car Tyre Price in Ecuador - 2022
Contents:
- Passenger Car Tyre Price in Ecuador (CIF) - 2022
- Passenger Car Tyre Price in Ecuador (FOB) - 2022
- Passenger Car Tyre Imports in Ecuador
- Passenger Car Tyre Exports in Ecuador
Passenger Car Tyre Price in Ecuador (CIF) - 2022
The average passenger car tyre import price stood at $43.1 per unit in January 2022, therefore, remained relatively stable against the previous month. Over the period from January 2021 to January 2022, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in September 2021 an increase of 6.8% m-o-m. Over the period under review, average import prices reached the maximum at $44.1 per unit in November 2021; however, from December 2021 to January 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2022, the countries with the highest prices were Thailand ($58.9 per unit) and Peru ($58.1 per unit), while the price for China ($39.3 per unit) and Mexico ($40.8 per unit) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Tyre Price in Ecuador (FOB) - 2022
The average passenger car tyre export price stood at $45.6 per unit in January 2022, growing by 15% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major foreign markets. In January 2022, the countries with the highest prices were Venezuela ($56.9 per unit) and Bolivia ($51.9 per unit), while the average price for exports to Canada ($38.9 per unit) and Colombia ($40.6 per unit) were amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Tyre Imports in Ecuador
In 2022, imports of tyres for motor cars into Ecuador reduced markedly to 2.2M units, with a decrease of -15.3% against the year before. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports reached the peak of 2.6M units, and then declined dramatically in the following year.
In value terms, passenger car tyre imports shrank sharply to $90M in 2022. Overall, total imports indicated a modest expansion from 2019 to 2022: its value increased at an average annual rate of +1.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +36.1% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 72%. As a result, imports attained the peak of $114M, and then reduced notably in the following year.
| Import of Passenger Car Tyre in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.4 | 35.4 | 62.9 | 49.7 | 3.1% |
| Mexico | 8.9 | 8.2 | 14.9 | 11.7 | 9.5% |
| Thailand | 4.9 | 4.0 | 7.6 | 6.0 | 7.0% |
| Peru | 6.6 | 3.8 | 4.7 | 3.9 | -16.1% |
| Taiwan (Chinese) | 4.0 | 3.2 | 4.6 | 3.7 | -2.6% |
| Brazil | 2.8 | 1.4 | 2.9 | 2.3 | -6.3% |
| Others | 13.4 | 10.4 | 16.8 | 13.1 | -0.8% |
| Total | 85.9 | 66.4 | 114 | 90.4 | 1.7% |
Top Suppliers of Passenger Car Tyre to Ecuador in 2022:
- China (1506.8K units)
- Mexico (239.4K units)
- Thailand (117.5K units)
- Taiwan (Chinese) (69.4K units)
- Peru (67.1K units)
- Brazil (35.6K units)
Passenger Car Tyre Exports in Ecuador
Passenger car tyre exports from Ecuador declined to 582K units in 2022, waning by -7.3% compared with the previous year. In general, exports saw a pronounced reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. Over the period under review, the exports attained the maximum at 658K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, passenger car tyre exports contracted to $32M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of $37M, and then fell in the following year.
| Export of Passenger Car Tyre in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.9 | 15.8 | 18.8 | 15.5 | 20.3% |
| Colombia | 6.9 | 4.4 | 7.4 | 6.1 | -4.0% |
| Venezuela | 9.9 | 2.0 | 3.1 | 4.0 | -26.1% |
| Peru | 1.3 | 1.1 | 2.4 | 2.0 | 15.4% |
| Chile | 1.8 | 1.6 | 2.3 | 1.9 | 1.8% |
| Bolivia | 2.4 | 1.4 | 2.2 | 1.8 | -9.1% |
| Others | 0.8 | 0.7 | 0.9 | 0.7 | -4.4% |
| Total | 32.0 | 27.0 | 37.1 | 32.0 | 0.0% |
Top Export Markets for Passenger Car Tyre from Ecuador in 2022:
- United States (276.1K units)
- Colombia (109.0K units)
- Venezuela (83.1K units)
- Peru (35.1K units)
- Chile (33.5K units)
- Bolivia (32.7K units)
This report provides an in-depth analysis of the passenger car tyre market in Ecuador. 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:
- Ecuador
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ecuador
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
