Motorcycle Tire Price in Finland - 2023
Contents:
- Motorcycle Tire Price in Finland (CIF) - 2023
- Motorcycle Tire Price in Finland (FOB) - 2023
- Motorcycle Tire Imports in Finland
- Motorcycle Tire Exports in Finland
Motorcycle Tire Price in Finland (CIF) - 2023
The average motorcycle tire import price stood at $84.1 per unit in August 2023, reducing by -5.4% against the previous month. Over the period under review, import price indicated a pronounced expansion from August 2022 to August 2023: its price increased at an average monthly rate of +2.0% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, motorcycle tire import price decreased by -7.4% against April 2023 indices. The growth pace was the most rapid in April 2023 an increase of 44% m-o-m. As a result, import price attained the peak level of $90.9 per unit. From May 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was France ($132 per unit), while the price for Japan ($48.5 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 Indonesia (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Finland (FOB) - 2023
The average motorcycle tire export price stood at $95.0 per unit in August 2023, falling by -18.9% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. The growth pace was the most rapid in July 2023 an increase of 42% m-o-m. As a result, the export price reached the peak level of $117 per unit, and then contracted dramatically in the following month.
Average prices varied somewhat for the major foreign markets. In August 2023, the highest price was recorded for prices to Lithuania ($116 per unit) and Norway ($109 per unit), while the average price for exports to Latvia ($83.1 per unit) and Sweden ($85.8 per unit) were amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Finland
Motorcycle tire imports into Finland rose remarkably to 150K units in 2022, growing by 13% on the previous year. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% 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 +59.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. Imports peaked in 2022 and are likely to continue growth in years to come.
In value terms, motorcycle tire imports expanded slightly to $7.1M in 2022. The total import value increased at an average annual rate of +5.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 22%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
Import of Motorcycle Tire in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 1,102 | 1,988 | 1,845 | 1,966 | 21.3% |
Germany | 2,311 | 1,070 | 1,352 | 1,805 | -7.9% |
Italy | 44.8 | 964 | 1,148 | 1,475 | 220.5% |
Poland | 353 | 375 | 428 | 517 | 13.6% |
China | 181 | 7.5 | 408 | 157 | -4.6% |
Brazil | 393 | 108 | 488 | 142 | -28.8% |
Taiwan (Chinese) | 157 | 38.3 | 88.4 | 138 | -4.2% |
Indonesia | 432 | 275 | 436 | 104 | -37.8% |
Thailand | 54.7 | 18.0 | 89.5 | 76.2 | 11.7% |
Vietnam | 66.0 | 45.4 | 66.5 | 36.9 | -17.6% |
Others | 894 | 752 | 562 | 643 | -10.4% |
Total | 5,988 | 5,642 | 6,911 | 7,060 | 5.6% |
Top Suppliers of Motorcycle Tire to Finland in 2022:
- Sweden (38.7K units)
- Germany (26.8K units)
- Italy (21.8K units)
- Poland (10.4K units)
- Indonesia (9.6K units)
- Taiwan (Chinese) (8.1K units)
- Thailand (7.8K units)
- Brazil (5.2K units)
- China (4.7K units)
- Vietnam (3.2K units)
Motorcycle Tire Exports in Finland
Motorcycle tire exports from Finland soared to 21K units in 2022, picking up by 61% against the previous year's figure. Overall, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire exports skyrocketed to $1.3M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.
Export of Motorcycle Tire in Finland (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Sweden | 187 | 472 | 451 | 498 | 38.6% |
Estonia | 177 | 150 | 223 | 352 | 25.8% |
Russia | 14.2 | 31.0 | 95.1 | 135 | 111.8% |
Latvia | 106 | 132 | 136 | 117 | 3.3% |
Lithuania | 101 | 67.6 | 115 | 86.2 | -5.1% |
Norway | 6.0 | 22.4 | 39.8 | 53.2 | 107.0% |
Kazakhstan | N/A | N/A | N/A | 17.8 | 0% |
Others | 2.0 | 16.9 | 20.7 | 26.9 | 137.8% |
Total | 594 | 892 | 1,081 | 1,286 | 29.4% |
Top Export Markets for Motorcycle Tire from Finland in 2022:
- Sweden (9.1K units)
- Estonia (6.1K units)
- Latvia (2.0K units)
- Russia (1.4K units)
- Lithuania (1.1K units)
- Norway (0.8K units)
- Kazakhstan (0.6K units)
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The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
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