Agricultural Market

Agricultural market: get the most recent information secured by an Ai-driven BI platform. Statistics cover market prices, imports, production, exports, market size, consumption, trade, and companies. Here is a breakdown by country, including the U.K., the Middle East, Africa, China, the U.S., EU, Russia, and Latin America. Market trends and outlook to 2030 are also featured in the snapshots.

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Agricultural - World's Largest Markets

In value terms, China led the market, alone. The second position in the ranking was occupied by India. It was followed by Indonesia.

From 2019 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: India (-0.1% per year) and Indonesia (+0.6% per year).

Agricultural, Construction and Industrial Machinery Tyre Prices

Agricultural, Construction and Industrial Machinery Tyre - Top Importers

In value terms, the United States ($2.1B) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles worldwide, comprising 16% of global imports. The second position in the ranking was occupied by Mexico ($831M), with a 6.4% share of global imports. It was followed by Germany, with a 6.4% share.

In the United States, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles remained relatively stable over the period from 2019-2021. In the other countries, the average annual rates were as follows: Mexico (+0.4% per year) and Germany (+0.4% per year).

Agricultural, Construction and Industrial Machinery Tyre - Top Exporters

In value terms, the largest agricultural, construction and industrial machinery tyre supplying countries worldwide were Japan ($2B), China ($2B) and the United States ($1.7B), with a combined 48% share of global exports. These countries were followed by India, Spain, France, the Czech Republic, Poland, Turkey, Sri Lanka, the Netherlands, Germany and Thailand, which together accounted for a further 34%.

Sri Lanka saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Agricultural, Construction and Industrial Machinery Tyre - Market Forecast

The market for agricultural, construction and industrial machinery tyre is expected to start a downward consumption trend over the next decade. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -0.3% for the nine-year period from 2021 to 2030, which is projected to depress the market volume to by the end of 2030.

Agricultural, Construction and Industrial Machinery Tyre - Top Companies

BRIDGESTONE CORPORATION, Bridgestone Americas, Inc., The Goodyear Tire & Rubber Company, Michelin North America, Inc., SUMITOMO RUBBER INDUSTRIES, LTD., MANUF FRANC PNEUMATIQ MICHELIN, YOKOHAMA RUBBER COMPANY, LIMITED, THE, Bridgestone Americas Tire Operations, LLC, CHENG SHIN RUBBER IND. CO., LTD., TOYO TIRE & RUBBER CO.,LTD., Continental Automotive, Inc., PIRELLI TYRE SPA, HANKOOK TIRE Co., Ltd., Cooper Tire & Rubber Company Inc, MICHELIN REIFENWERKE AG & Co. KG auf Aktien, KUMHO TIRE CO., INC., BRIDGESTONE EUROPE NV SA, APOLLO TYRES LIMITED, MRF LIMITED, Continental Barum s.r.o.

Agricultural - Product Coverage

• HS 401161 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on agricultural or forestry vehicles and machines
• HS 401162 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61cm
• HS 401163 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61cm
• HS 401169 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on light industrial vehicles
• HS 401192 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on agricultural or forestry vehicles and machines
• HS 401193 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61cm
• HS 401194 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61cm
• HS 401170 - Rubber; new pneumatic tyres, of a kind used on agricultural or forestry vehicles and machines
• HS 401180 - Rubber; new pneumatic tyres, of a kind used on construction, mining or industrial handling vehicles and machines
• HS 401190 - Rubber; new pneumatic tyres, of a kind used on light commercial vehicles
• HS 401199 - Rubber; new pneumatic tyres, (other than "e;herring bone"e; or similar tread)