Motorcycle Tire Price in India - 2023
Contents:
- Motorcycle Tire Price in India (FOB) - 2023
- Motorcycle Tire Price in India (CIF) - 2022
- Motorcycle Tire Exports in India
- Motorcycle Tire Imports in India
Motorcycle Tire Price in India (FOB) - 2023
The average motorcycle tire export price stood at $11.6 per unit in September 2023, stabilizing at the previous month. Over the period under review, the export price recorded a slight slump. The most prominent rate of growth was recorded in July 2023 an increase of 7.6% against the previous month. Over the period under review, the average export prices hit record highs at $13.4 per unit in September 2022; however, from October 2022 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Slovenia ($20.6 per unit), while the average price for exports to Cameroon ($7.7 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 Slovenia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Price in India (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $30 per unit, shrinking by -16.4% against the previous year. In general, the import price, however, posted strong growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by 129%. As a result, import price reached the peak level of $35 per unit, and then fell rapidly in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($34 per unit) and Indonesia ($34 per unit), while the price for Japan ($24 per unit) and China ($25 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Exports in India
In 2022, motorcycle tire exports from India rose significantly to 6.3M units, surging by 6.1% against the previous year's figure. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% 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 +81.6% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 71% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, motorcycle tire exports rose significantly to $79M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +14.1% 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 +72.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Motorcycle Tire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 8.9 | 5.3 | 10.5 | 10.3 | 5.0% |
| Nepal | 7.8 | 6.9 | 10.5 | 8.4 | 2.5% |
| Colombia | 4.3 | 4.6 | 6.9 | 7.2 | 18.7% |
| Egypt | 5.1 | 6.4 | 7.3 | 5.9 | 5.0% |
| Kenya | 3.5 | 4.5 | 6.1 | 5.1 | 13.4% |
| Guatemala | 2.4 | 1.5 | 2.9 | 3.6 | 14.5% |
| Taiwan (Chinese) | N/A | 0.1 | 1.0 | 3.4 | 483.1% |
| Ethiopia | 3.8 | 1.6 | 1.5 | 2.8 | -9.7% |
| Peru | 2.2 | 2.2 | 2.6 | 2.8 | 8.4% |
| Philippines | 0.3 | 0.3 | 0.8 | 2.6 | 105.4% |
| Somalia | 0.9 | 0.3 | 0.8 | 2.4 | 38.7% |
| Nigeria | 0.4 | 0.3 | 0.9 | 1.8 | 65.1% |
| Tanzania | 0.7 | 0.4 | 0.8 | 1.6 | 31.7% |
| Others | 12.6 | 11.3 | 17.1 | 20.5 | 17.6% |
| Total | 52.9 | 45.7 | 69.9 | 78.6 | 14.1% |
Top Export Markets for Motorcycle Tire from India in 2022:
- Bangladesh (822.3K units)
- Nepal (637.2K units)
- Colombia (530.6K units)
- Kenya (481.8K units)
- Egypt (414.6K units)
- Taiwan (Chinese) (354.0K units)
- Guatemala (311.8K units)
- Peru (258.2K units)
- Ethiopia (222.7K units)
- Philippines (218.9K units)
- Somalia (209.8K units)
- Nigeria (181.0K units)
- Tanzania (149.4K units)
Motorcycle Tire Imports in India
In 2022, supplies from abroad of new pneumatic tyres for motorcycles was finally on the rise to reach 374K units after two years of decline. Over the period under review, imports, however, faced a dramatic slump. Over the period under review, imports attained the peak figure at 2.2M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, motorcycle tire imports surged to $11M in 2022. Overall, imports, however, continue to indicate a dramatic decrease. Imports peaked at $24M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Motorcycle Tire in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 1.4 | 1.8 | 2.4 | 12.2% |
| Thailand | 2.8 | 1.4 | 1.9 | 2.4 | -5.0% |
| Japan | 0.1 | 0.4 | 0.6 | 1.5 | 146.6% |
| Indonesia | 0.4 | 0.6 | 1.5 | 1.1 | 40.1% |
| Malaysia | 0.5 | 0.5 | 0.8 | 1.1 | 30.1% |
| Brazil | 1.2 | 0.4 | 0.5 | 1.0 | -5.9% |
| South Korea | 0.1 | 1.2 | 0.6 | 0.8 | 100.0% |
| Switzerland | 1.5 | 0.5 | 0.5 | 0.2 | -48.9% |
| Vietnam | 13.4 | 2.6 | N/A | N/A | -80.6% |
| Others | 2.5 | 0.5 | 0.5 | 0.7 | -34.6% |
| Total | 24.4 | 9.4 | 8.7 | 11.1 | -23.1% |
Top Suppliers of Motorcycle Tire to India in 2022:
- China (94.0K units)
- Thailand (84.4K units)
- Japan (60.3K units)
- Malaysia (36.7K units)
- Indonesia (31.8K units)
- Brazil (29.3K units)
- South Korea (23.1K units)
- Switzerland (2.3K units)
464
This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in India.
394
This report provides an in-depth analysis of the aircraft tyre market in India.
583
This report provides an in-depth analysis of the tyre market in India.
500
This report provides an in-depth analysis of the market for agricultural, construction and industrial machinery tyre in India.
537
This report provides an in-depth analysis of the market for truck and bus tyre in India.
558
This report provides an in-depth analysis of the passenger car tyre market in India.
316
This report provides an in-depth analysis of the soap market in India.
628
This report provides an in-depth analysis of the wood fuel market in India.
488
This report provides an in-depth analysis of the soap in bars market in India.
369
This report provides an in-depth analysis of the skim milk market in India.
186
The rate of growth that stood out the most occurred in August 2023, with a remarkable 107% increase in month-to-month imports. As for the value, imports of Soap In Bars experienced a significant drop to $3.2M in October 2023.
1220
China dominates in the global tyres for motorcycles or bicycles trade. In 2014, China exported X million units of tyres for motorcycles or bicycles totaling X million USD, X% over the previous year. Its primary trading partner was Nigeria, where
477
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.
2373
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
99
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.
963
In value terms, machining centres, unit construction machines imports amounted to $X in 2016. Overall, it indicated a slight expansion from 2007 to 2016: the total imports value decreased at an ave...
1065
In value terms, agricultural, horticultural, forestry equipment imports totaled $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total imports value increased at an ave...
647
In value terms, machining centres, unit construction machines exports stood at $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total exports value decreased at an average ann...
797
In value terms, agricultural, horticultural, forestry equipment exports stood at $X in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total exports value increased at an av...
2302
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
