Which Country Exports the Most Tyres For Agriculture and Other Off The Road Vehicles in the World?
Rubber May 28, 2018
In 2016, the global exports of agriculture tire totaled 18M tonnes, ascending by 4% against the previous year level. The total export volume increased at an average annual rate of +2.5% over the period from 2007 to 2016; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2010, an increase of 15% year-to-year. Global agriculture tire export peaked in 2016, and are expected to retain its growth in the near future.
In value terms, agriculture tire exports totaled $69B in 2016. The total export value increased at an average annual rate of +2.4% from 2007 to 2016; the trend pattern indicated some noticeable fluctuations over the period under review. Global agriculture tire export peaked of $86B in 2013; however, from 2014 to 2016, it failed to regain its strength.
Top Agriculture Tire Exporting Countries in the World
1. China (12.9 billion USD)
2. Germany (5.5 billion USD)
3. Japan (4.8 billion USD)
4. USA (4.5 billion USD)
5. Thailand (3.6 billion USD)
6. South Korea (3.4 billion USD)
7. France (2.5 billion USD)
8. Spain (2.0 billion USD)
9. Czech Republic (2.0 billion USD)
10. Poland (2.0 billion USD)
11. Slovakia (1.8 billion USD)
12. Indonesia (1.6 billion USD)
Agriculture Tire Exports By Country
In 2016, China (5.8M tonnes) was the major exporter for agriculture tire, mixed up 32% of total exports. Japan (1.1M tonnes) took a 6% share (based on tonnes) of global agriculture tire exports, which put it in second place, following Germany (6%), the U.S. (5%), and South Korea (5%). Thailand (640K tonnes), Spain (564K tonnes), Poland (539K tonnes), Indonesia (517K tonnes), France (469K tonnes), Czech Republic (389K tonnes), and Slovakia (367K tonnes) took the slight share of total exports.
China was also the fastest growing in terms of the agriculture tire exports, with a CAGR of +12.9% from 2007 to 2016. At the same time, Spain (+11.3%), Slovakia (+6.3%), Indonesia (+4.8%), Poland (+4.7%), Thailand (+2.9%), Germany (+2.2%), South Korea (+1.7%), and Czech Republic (+1.2%) displayed positive paces of growth. By contrast, the U.S. (-1.7%), Japan (-3.8%), and France (-10.9%) illustrated a downward trend over the same period. While the share of France (5%), and Japan (2%) increased significantly, the share of Spain (-1.9%), and China (-21.1%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($13B) remains the largest agriculture tire supplier in the world, making up 19% of global exports. The second position in the ranking was occupied by Germany ($5.5B), with the share of 8% of global exports. It was followed by Japan, with the share of 7%.
From 2007 to 2016, the average annual rate of growth in terms of value of agriculture tire exports in China stood at +6.9%. The remaining exporting countries recorded the following average annual rates: Germany (+2.1% per year) and Japan (-2.5% per year).
Agriculture Tire Export Prices By Country
In 2016, the average export price for agriculture tire amounted to $3,786 per tonne, dropping by -6.7% against the previous year. Overall, agriculture tire export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2008, when it surged by 11% from the previous year level. Global agriculture tire export peaked of $4,987 per tonne in 2013; however, from 2014 to 2016, it stood at a somewhat lower level.
Export prices varied noticeably by country of destination. the country with the highest export prices was Thailand ($5,555 per tonne), while China ($2,221 per tonne) was among the lowest.
From 2007 to 2016, the most notable growth rate of agriculture tire export prices was attained by France (+7.1% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global agriculture tire market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- agriculture tire market share
- agriculture tire prices
- agriculture tire industry
- agriculture tire sales
- agriculture tire import
- agriculture tire export
- agriculture tire market forecast
- agriculture tire price forecast
- key agriculture tire producers
All data provided in this article covers the following product: HS Code 4011 - New pneumatic tyres, of rubber.
