Motorcycle Tire Price in Latvia - 2023
Contents:
- Motorcycle Tire Price in Latvia (CIF) - 2023
- Motorcycle Tire Price in Latvia (FOB) - 2022
- Motorcycle Tire Imports in Latvia
- Motorcycle Tire Exports in Latvia
Motorcycle Tire Price in Latvia (CIF) - 2023
The average motorcycle tire import price stood at $62.5 per unit in September 2023, surging by 6.3% against the previous month. Over the period under review, import price indicated a measured increase from September 2022 to September 2023: its price increased at an average monthly rate of +2.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, motorcycle tire import price decreased by -26.9% against July 2023 indices. The pace of growth was the most pronounced in February 2023 when the average import price increased by 50% month-to-month. Over the period under review, average import prices hit record highs at $85.4 per unit in July 2023; however, from August 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($100 per unit), while the price for Taiwan (Chinese) ($29.2 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 Estonia (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Latvia (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $51 per unit, surging by 10% against the previous year. In general, the export price, however, saw a noticeable setback. The growth pace was the most rapid in 2015 an increase of 32% against the previous year. Over the period under review, the average export prices attained the maximum at $68 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Estonia ($70 per unit), while the average price for exports to Ukraine ($22 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (-0.0%), while the prices for the other major destinations experienced a decline.
Motorcycle Tire Imports in Latvia
In 2022, imports of new pneumatic tyres for motorcycles into Latvia skyrocketed to 28K units, growing by 37% on the year before. The total import volume increased at an average annual rate of +7.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire imports soared to $1.5M in 2022. In general, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +13.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Motorcycle Tire in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 248 | 242 | 343 | 444 | 21.4% |
| Taiwan (Chinese) | 187 | 210 | 189 | 343 | 22.4% |
| Italy | 105 | 40.9 | 141 | 156 | 14.1% |
| Slovenia | N/A | N/A | 0.1 | 141 | 140900.0% |
| Estonia | 42.9 | 72.1 | 81.6 | 114 | 38.5% |
| Finland | 121 | 112 | 90.4 | 84.2 | -11.4% |
| Germany | 60.2 | 102 | 114 | 68.7 | 4.5% |
| China | 8.8 | 25.7 | 23.9 | 15.3 | 20.2% |
| Czech Republic | 167 | 67.1 | 76.1 | 0.1 | -91.6% |
| Brazil | 15.5 | 25.2 | N/A | N/A | 62.6% |
| Others | 46.6 | 45.1 | 38.2 | 87.2 | 23.2% |
| Total | 1,003 | 941 | 1,097 | 1,454 | 13.2% |
Top Suppliers of Motorcycle Tire to Latvia in 2022:
- Czech Republic (undefinedK units)
- Taiwan (Chinese) (10.0K units)
- Poland (7.1K units)
- Slovenia (2.5K units)
- Estonia (2.2K units)
- Italy (1.8K units)
- Finland (1.1K units)
- China (1.0K units)
- Germany (0.6K units)
Motorcycle Tire Exports in Latvia
In 2022, shipments abroad of new pneumatic tyres for motorcycles was finally on the rise to reach 9.7K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a noticeable downturn. The exports peaked at 10K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, motorcycle tire exports skyrocketed to $488K in 2022. Over the period under review, total exports indicated a notable increase from 2019 to 2022: its value increased at an average annual rate of +3.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Motorcycle Tire in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 2.2 | 29.5 | 86.7 | 275 | 400.0% |
| Lithuania | 181 | 163 | 78.4 | 96.6 | -18.9% |
| Estonia | 177 | 91.8 | 73.4 | 83.9 | -22.0% |
| Ukraine | N/A | 3.3 | 10.0 | 9.6 | 70.6% |
| Poland | 10.0 | 31.2 | 4.5 | 2.3 | -38.7% |
| Czech Republic | 62.2 | 15.9 | N/A | N/A | -74.4% |
| Others | 3.4 | 1.8 | 5.0 | 21.3 | 84.3% |
| Total | 436 | 336 | 258 | 488 | 3.8% |
Top Export Markets for Motorcycle Tire from Latvia in 2022:
- Poland (undefinedK units)
- Russia (6.1K units)
- Lithuania (1.5K units)
- Estonia (1.2K units)
- Ukraine (0.4K units)
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