Motorcycle Tire Price in Belgium - 2023
Contents:
- Motorcycle Tire Price in Belgium (CIF) - 2023
- Motorcycle Tire Price in Belgium (FOB) - 2023
- Motorcycle Tire Imports in Belgium
- Motorcycle Tire Exports in Belgium
Motorcycle Tire Price in Belgium (CIF) - 2023
The average motorcycle tire import price stood at $55.3 per unit in August 2023, falling by -3% against the previous month. In general, the import price recorded a mild descent. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 109% month-to-month. As a result, import price attained the peak level of $126 per unit. From December 2022 to August 2023, the average import prices remained at a somewhat 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 the Netherlands ($119 per unit), while the price for Thailand ($26.7 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 the Netherlands (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Motorcycle Tire Price in Belgium (FOB) - 2023
In August 2023, the average motorcycle tire export price amounted to $58.2 per unit, remaining stable against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in January 2023 an increase of 9.5% m-o-m. The export price peaked at $60.3 per unit in June 2023; however, from July 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was the Netherlands ($97.3 per unit), while the average price for exports to Italy ($45.9 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Belgium
In 2022, after three years of growth, there was significant decline in purchases abroad of new pneumatic tyres for motorcycles, when their volume decreased by -55.4% to 378K units. Over the period under review, imports, however, enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 276%. As a result, imports attained the peak of 848K units, and then shrank rapidly in the following year.
In value terms, motorcycle tire imports shrank significantly to $21M in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 286%. As a result, imports attained the peak of $42M, and then reduced rapidly in the following year.
| Import of Motorcycle Tire in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.2 | 1.8 | 2.8 | 9.3 | 259.6% |
| United States | 1.9 | 1.3 | 2.8 | 4.6 | 34.3% |
| Germany | 2.7 | 2.3 | 2.6 | 2.8 | 1.2% |
| Taiwan (Chinese) | N/A | 1.4 | 2.2 | 1.4 | 0.0% |
| France | 4.5 | 2.4 | 29.3 | 1.1 | -37.5% |
| South Korea | 0.4 | 0.3 | 0.5 | 0.5 | 7.7% |
| China | N/A | 0.3 | 0.3 | 0.3 | 0.0% |
| Others | 1.0 | 0.9 | 1.5 | 1.3 | 9.1% |
| Total | 10.7 | 10.9 | 41.9 | 21.4 | 26.0% |
Top Suppliers of Motorcycle Tire to Belgium in 2022:
- Netherlands (80.0K units)
- Germany (69.8K units)
- Taiwan (Chinese) (66.2K units)
- United States (51.5K units)
- France (45.3K units)
- China (28.3K units)
- South Korea (11.4K units)
Motorcycle Tire Exports in Belgium
For the fourth consecutive year, Belgium recorded growth in overseas shipments of new pneumatic tyres for motorcycles, which increased by 332% to 1.9M units in 2022. Over the period under review, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 715%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the near future.
In value terms, motorcycle tire exports surged to $72M in 2022. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 628%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.
| Export of Motorcycle Tire in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | 0.7 | 6.8 | 24.9 | 496.4% |
| France | N/A | 2.8 | 8.0 | 15.0 | 131.5% |
| Spain | N/A | 0.2 | 1.9 | 11.6 | 661.6% |
| Italy | N/A | 0.5 | 1.3 | 5.2 | 222.5% |
| Netherlands | N/A | 0.3 | 0.8 | 4.7 | 295.8% |
| Czech Republic | N/A | 0.1 | 1.3 | 3.8 | 516.4% |
| Poland | N/A | N/A | 0.2 | 1.4 | 600.0% |
| Sweden | 0.4 | 0.3 | 0.7 | 0.7 | 20.5% |
| Others | 0.7 | 3.0 | 2.3 | 4.8 | 90.0% |
| Total | 1.1 | 8.0 | 23.1 | 72.2 | 303.4% |
Top Export Markets for Motorcycle Tire from Belgium in 2022:
- Germany (634.9K units)
- France (457.1K units)
- Spain (359.9K units)
- Italy (174.0K units)
- Netherlands (79.6K units)
- Poland (45.1K units)
- Czech Republic (33.7K units)
- Sweden (26.4K units)
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