Motorcycle Tire Price in China - 2023
Contents:
- Motorcycle Tire Price in China (FOB) - 2023
- Motorcycle Tire Price in China (CIF) - 2023
- Motorcycle Tire Exports in China
- Motorcycle Tire Imports in China
Motorcycle Tire Price in China (FOB) - 2023
The average motorcycle tire export price stood at $9.0 per unit in September 2023, picking up by 2.1% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 an increase of 8.3% month-to-month. As a result, the export price reached the peak level of $10.6 per unit. From March 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Guatemala ($11.3 per unit), while the average price for exports to Argentina ($4.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guinea (+0.2%), while the prices for the other major destinations experienced a decline.
Motorcycle Tire Price in China (CIF) - 2023
The average motorcycle tire import price stood at $23.4 per unit in September 2023, falling by -2.4% against the previous month. In general, the import price saw a mild reduction. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 20% against the previous month. The import price peaked at $32.5 per unit in April 2023; however, from May 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($82.1 per unit), while the price for Serbia ($10.2 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Exports in China
For the fourth consecutive year, China recorded growth in overseas shipments of new pneumatic tyres for motorcycles, which increased by 4.8% to 56M units in 2022. The total export volume increased at an average annual rate of +9.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, motorcycle tire exports expanded sharply to $555M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +50.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
| Export of Motorcycle Tire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 52.6 | 44.0 | 49.4 | 51.7 | -0.6% |
| Colombia | 30.0 | 24.7 | 40.3 | 38.3 | 8.5% |
| Mexico | 22.6 | 24.7 | 36.7 | 37.3 | 18.2% |
| United States | 15.7 | 20.7 | 36.2 | 35.2 | 30.9% |
| Philippines | 13.3 | 13.1 | 25.4 | 34.3 | 37.1% |
| Ghana | 15.4 | 26.3 | 33.1 | 28.6 | 22.9% |
| Germany | 12.1 | 9.6 | 15.7 | 18.0 | 14.2% |
| Venezuela | 7.0 | 10.2 | 8.6 | 17.0 | 34.4% |
| Peru | 7.9 | 12.7 | 16.2 | 14.7 | 23.0% |
| Guatemala | 7.7 | 7.4 | 11.0 | 11.4 | 14.0% |
| Togo | 8.6 | 6.7 | 9.3 | 10.3 | 6.2% |
| Italy | 6.4 | 5.7 | 8.7 | 10.1 | 16.4% |
| Ecuador | 6.8 | 7.5 | 9.7 | 10.0 | 13.7% |
| Others | 162 | 177 | 218 | 238 | 13.7% |
| Total | 368 | 390 | 518 | 555 | 14.7% |
Top Export Markets for Motorcycle Tire from China in 2022:
- Nigeria (5.2M units)
- Colombia (3.9M units)
- Mexico (3.8M units)
- United States (3.6M units)
- Philippines (3.5M units)
- Ghana (2.9M units)
- Germany (1.8M units)
- Venezuela (1.7M units)
- Peru (1.5M units)
- Guatemala (1.2M units)
- Italy (1.0M units)
- Togo (1.0M units)
- Ecuador (1.0M units)
Motorcycle Tire Imports in China
In 2022, approx. 919K units of new pneumatic tyres for motorcycles were imported into China; picking up by 1.7% against the year before. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2020 with an increase of 121%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, motorcycle tire imports rose notably to $24M in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 61% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of Motorcycle Tire in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 3.6 | 7.1 | 7.7 | 8.5 | 33.2% |
| Taiwan (Chinese) | 1.8 | 4.6 | 6.4 | 5.2 | 42.4% |
| Indonesia | 1.9 | 1.7 | 3.4 | 4.5 | 33.3% |
| Germany | 1.2 | 0.9 | 1.3 | 1.6 | 10.1% |
| Japan | 0.3 | 0.5 | 1.2 | 1.1 | 54.2% |
| Slovenia | 0.2 | 0.3 | 0.5 | 1.0 | 71.0% |
| Spain | 0.4 | 0.7 | 0.6 | 0.9 | 31.0% |
| Others | 0.6 | 0.3 | 0.5 | 1.0 | 18.6% |
| Total | 10.0 | 16.1 | 21.6 | 23.8 | 33.5% |
Top Suppliers of Motorcycle Tire to China in 2022:
- Thailand (327.7K units)
- Taiwan (Chinese) (199.7K units)
- Indonesia (173.6K units)
- Germany (63.1K units)
- Japan (43.0K units)
- Slovenia (40.3K units)
- Spain (33.9K units)
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