Motorcycle Tire Price in New Zealand - 2023
Contents:
- Motorcycle Tire Price in New Zealand (CIF) - 2023
- Motorcycle Tire Price in New Zealand (FOB) - 2022
- Motorcycle Tire Imports in New Zealand
- Motorcycle Tire Exports in New Zealand
Motorcycle Tire Price in New Zealand (CIF) - 2023
In September 2023, the average motorcycle tire import price amounted to $43.6 per unit, dropping by -2.2% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in November 2022 an increase of 41% month-to-month. The import price peaked at $59.5 per unit in June 2023; however, from July 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 the UK ($132 per unit), while the price for Vietnam ($17.1 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 Brazil (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in New Zealand (FOB) - 2022
The average motorcycle tire export price stood at $39 per unit in 2022, which is down by -50.1% against the previous year. Over the period under review, the export price, however, recorded a mild increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 98% against the previous year. As a result, the export price reached the peak level of $78 per unit, and then fell significantly in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($99 per unit), while the average price for exports to Cook Islands ($25 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 New Caledonia (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.
Motorcycle Tire Imports in New Zealand
In 2022, approx. 164K units of new pneumatic tyres for motorcycles were imported into New Zealand; surging by 12% against 2021 figures. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 33% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, motorcycle tire imports expanded significantly to $7.1M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Motorcycle Tire in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | 479 | 608 | 1,102 | 1,135 | 33.3% |
China | 375 | 330 | 620 | 928 | 35.3% |
Japan | 731 | 628 | 1,110 | 908 | 7.5% |
Germany | 1,117 | 889 | 1,142 | 823 | -9.7% |
Thailand | 498 | 353 | 431 | 595 | 6.1% |
Spain | 360 | 360 | 484 | 498 | 11.4% |
Indonesia | 189 | 332 | 480 | 463 | 34.8% |
South Korea | 318 | 264 | 339 | 447 | 12.0% |
Serbia | N/A | 63.6 | 63.4 | 427 | 159.1% |
Brazil | 449 | 222 | 202 | 216 | -21.6% |
Czech Republic | 85.6 | 105 | 210 | 156 | 22.1% |
Vietnam | 109 | 98.9 | 97.4 | 155 | 12.5% |
Others | 498 | 346 | 448 | 330 | -12.8% |
Total | 5,209 | 4,599 | 6,729 | 7,081 | 10.8% |
Top Suppliers of Motorcycle Tire to New Zealand in 2022:
- Serbia (25.7K units)
- China (24.4K units)
- Taiwan (Chinese) (19.1K units)
- Japan (17.1K units)
- Indonesia (15.6K units)
- Thailand (15.2K units)
- South Korea (11.8K units)
- Vietnam (8.9K units)
- Spain (8.5K units)
- Germany (8.3K units)
- Czech Republic (3.4K units)
- Brazil (3.3K units)
Motorcycle Tire Exports in New Zealand
In 2022, the amount of new pneumatic tyres for motorcycles exported from New Zealand soared to 1.1K units, picking up by 180% on 2021 figures. Over the period under review, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire exports surged to $43K in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 149%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.
Export of Motorcycle Tire in New Zealand (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Cook Islands | 8.4 | 5.6 | 1.7 | 18.8 | 30.8% |
United Kingdom | 6.3 | 1.1 | N/A | 8.9 | 12.2% |
French Polynesia | N/A | N/A | 5.1 | 6.9 | 35.3% |
Fiji | N/A | 3.3 | 9.4 | 6.4 | 39.3% |
Wallis and Futuna Islands | N/A | N/A | 0.2 | 0.9 | 350.0% |
Samoa | 1.8 | N/A | 0.2 | 0.2 | -51.9% |
Others | 6.4 | 2.4 | 14.4 | 1.3 | -41.2% |
Total | 23.0 | 12.4 | 31.0 | 43.3 | 23.5% |
Top Export Markets for Motorcycle Tire from New Zealand in 2022:
- Cook Islands (745.0 units)
- Fiji (120.0 units)
- French Polynesia (116.0 units)
- United Kingdom (90.0 units)
- Wallis and Futuna Islands (17.0 units)
- Samoa (1.0 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.
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