U.S. - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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U.S. - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Apr 8, 2022

Thailand Drives Out China from U.S. Bus and Truck Tyre Market

IndexBox has just published a new report: 'U.S. - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

In 2021, after two years of decline, there was significant growth in the U.S. truck and bus tyre market, when its value increased by 16% to $7.7B. Overall, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tyre Production in the U.S.

In 2021, after two years of decline, there was growth in production of tyres for buses or lorries, when its volume increased by 0.4% to 32M units. In general, production, however, continues to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 when the production volume increased by 18% y-o-y. Over the period under review, production hit record highs at 40M units in 2011; however, from 2012 to 2021, production stood at a somewhat lower figure.

In value terms, truck and bus tyre production amounted to $4.9B in 2021. Over the period under review, production, however, showed a mild downturn. The growth pace was the most rapid in 2017 with an increase of 18% y-o-y. Truck and bus tyre production peaked at $5.9B in 2011; however, from 2012 to 2021, production failed to regain the momentum.

Tyre Exports from the U.S.

In 2021, after two years of decline, there was significant growth in overseas shipments of tyres for buses or lorries, when their volume increased by 8.9% to 11M units. Overall, exports, however, continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 15% y-o-y. As a result, exports attained the peak of 15M units. from 2015 to 2021, the growth exports failed to regain the momentum.

In value terms, truck and bus tyre exports skyrocketed to $1.7B in 2021. Over the period under review, exports, however, recorded a noticeable decrease. Over the period under review, exports attained the peak figure at $2.5B in 2014; however, from 2015 to 2021, exports stood at a somewhat lower figure.

Exports by Country

Canada (4.6M units), Mexico (3.5M units) and Germany (956K units) were the main destinations of truck and bus tyre exports from the U.S., with a combined 84% share of total exports.

In value terms, Mexico ($765M), Canada ($610M) and Germany ($101M) appeared to be the largest markets for truck and bus tyre exported from the U.S. worldwide, together comprising 87% of total supplies.

Among the main countries of destination, Germany (+12.9% per year) saw the highest rates of growth with regard to the value of exports, over the last decade, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average truck and bus tyre export price amounted to $157 per unit, surging by 13% against the previous year. Prices varied noticeably by the country of destination; the country with the highest price was Mexico ($216 per unit), while the average price for exports to Germany ($106 per unit) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico, while the prices for the other major destinations experienced a decline.

Tyre Imports into the U.S.

In 2021, supplies from abroad of tyres for buses or lorries was finally on the rise to reach 51M units after two years of decline. Overall, total imports indicated a buoyant increase from 2011 to 2021: its volume increased at an average annual rate of +5.0% over the last decade.

In value terms, truck and bus tyre imports skyrocketed to $5.3B in 2021. The total import value increased at an average annual rate of +2.5% from 2011 to 2021.

Imports by Country

In 2021, Thailand (14M units) constituted the largest supplier of truck and bus tyre to the U.S., accounting for a 28% share of total volume. Moreover, truck and bus tyre imports from Thailand exceeded the figures recorded by the second-largest supplier, Canada (6.1M units), twofold. The third position in this ranking was occupied by Vietnam (5.9M units), with a 12% share.

In value terms, the largest truck and bus tyre suppliers to the U.S. were Thailand ($1.5B), Canada ($862M) and Japan ($505M), with a combined 54% share of total imports. These countries were followed by Vietnam, South Korea, Mexico, China, Indonesia and Brazil, which together accounted for a further 29%.

U.S. tyre purchases from China dropped from $1.1B in 2011 to $0.2B in 2021, while imports from Thailand spiked from $0.4B to $1.5B over the same period.

Import Prices by Country

The average truck and bus tyre import price stood at $104 per unit in 2021, leveling off at the previous year. Overall, the import price, however, saw a perceptible slump. Prices varied noticeably by the country of origin; the country with the highest price was Canada ($140 per unit), while the price for Indonesia ($69 per unit) was amongst the lowest. From 2011 to 2021, the most notable rate of growth in terms of prices was attained by Canada, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

This report provides an in-depth analysis of the market for truck and bus tyre in the U.S.. 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 2025.


Product coverage:
• Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
• Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
Country coverage:
• United States

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2007–2021
Table 3:
Market Value, 2007–2021
Table 4:
Per Capita Consumption In 2007-2021
Table 5:
Imports, In Physical Terms, By Country, 2007–2021
Table 6:
Imports, In Value Terms, By Country, 2007–2021
Table 7:
Import Prices, By Country Of Origin, 2007–2021
Table 8:
Exports, In Physical Terms, By Country, 2007–2021
Table 9:
Exports, In Value Terms, By Country, 2007–2021
Table 10:
Export Prices, By Country Of Destination, 2007–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2021
Figure 2:
Market Value, 2007–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2021
Figure 5:
Trade Balance, In Physical Terms, 2007-2021
Figure 6:
Trade Balance, In Value Terms, 2007-2021
Figure 7:
Per Capita Consumption, 2007-2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2021
Figure 21:
Production, In Value Terms, 2007–2021
Figure 22:
Imports, In Physical Terms, 2007–2021
Figure 23:
Imports, In Value Terms, 2007–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2007–2021
Figure 26:
Imports, In Value Terms, By Country, 2007–2021
Figure 27:
Import Prices, By Country Of Origin, 2007–2021
Figure 28:
Exports, In Physical Terms, 2007–2021
Figure 29:
Exports, In Value Terms, 2007–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2007–2021
Figure 32:
Exports, In Value Terms, By Country, 2007–2021
Figure 33:
Export Prices, By Country Of Destination, 2007–2021
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