Motorcycle Tire Price in Ecuador - 2022
Contents:
Motorcycle Tire Price in Ecuador (CIF) - 2022
In January 2022, the average motorcycle tire import price amounted to $14.2 per unit, stabilizing at the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2021 an increase of 45% month-to-month. As a result, import price reached the peak level of $19.0 per unit. From March 2021 to January 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was Thailand ($33.2 per unit), while the price for China ($11.4 per unit) was amongst the lowest.
From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Thailand (+3.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Imports in Ecuador
In 2022, after three years of growth, there was decline in purchases abroad of new pneumatic tyres for motorcycles, when their volume decreased by -3.9% to 1.1M units. The total import volume increased at an average annual rate of +9.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. As a result, imports reached the peak of 1.1M units, and then shrank slightly in the following year.
In value terms, motorcycle tire imports fell to $11M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. As a result, imports reached the peak of $12M, and then reduced in the following year.
| Import of Motorcycle Tire in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 4.4 | 7.7 | 8.0 | 21.1% |
| Brazil | 0.6 | 0.8 | 1.0 | 1.1 | 22.4% |
| Vietnam | 0.1 | 0.2 | 0.2 | 0.3 | 44.2% |
| Others | 1.9 | 1.8 | 2.8 | 1.6 | -5.6% |
| Total | 7.1 | 7.1 | 11.8 | 10.9 | 15.4% |
Top Suppliers of Motorcycle Tire to Ecuador in 2022:
- China (971.9K units)
- Brazil (25.0K units)
- Vietnam (18.9K units)
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