Motorcycle Tire Price in Peru - 2021
Contents:
- Motorcycle Tire Price in Peru (CIF) - 2021
- Motorcycle Tire Price in Peru (FOB) - 2022
- Motorcycle Tire Imports in Peru
- Motorcycle Tire Exports in Peru
Motorcycle Tire Price in Peru (CIF) - 2021
The average motorcycle tire import price stood at $17.4 per unit in April 2020, shrinking by -9.6% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2020 when the average import price increased by 26% m-o-m. As a result, import price reached the peak level of $19.3 per unit, and then dropped in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Brazil ($31.9 per unit), while the price for China ($13.6 per unit) was amongst the lowest.
From January 2020 to April 2020, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Motorcycle Tire Price in Peru (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $31 per unit, waning by -24.1% against the previous year. Over the period under review, the export price, however, posted notable growth. The most prominent rate of growth was recorded in 2020 an increase of 105%. The export price peaked at $41 per unit in 2021, and then dropped notably in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Guyana ($88 per unit), while the average price for exports to Cuba ($12 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 Paraguay (+269.9%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Peru
In 2022, after three years of growth, there was significant decline in purchases abroad of new pneumatic tyres for motorcycles, when their volume decreased by -23.2% to 2.7M units. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year. As a result, imports attained the peak of 3.5M units, and then reduced rapidly in the following year.
In value terms, motorcycle tire imports dropped dramatically to $33M 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 +10.9% 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 +36.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 55%. As a result, imports reached the peak of $42M, and then shrank remarkably in the following year.
| Import of Motorcycle Tire in Peru (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.9 | 12.4 | 19.7 | 16.9 | 23.8% |
| Taiwan (Chinese) | 6.8 | 5.9 | 7.8 | 6.0 | -4.1% |
| India | 3.6 | 3.2 | 4.7 | 4.8 | 10.1% |
| Vietnam | 1.1 | 1.7 | 2.5 | 1.9 | 20.0% |
| Brazil | 2.1 | 1.7 | 1.6 | 0.9 | -24.6% |
| Indonesia | N/A | N/A | 0.2 | 0.9 | 350.0% |
| Others | 1.7 | 2.0 | 5.1 | 1.4 | -6.3% |
| Total | 24.1 | 26.9 | 41.6 | 32.9 | 10.9% |
Top Suppliers of Motorcycle Tire to Peru in 2022:
- China (1505.4K units)
- Taiwan (Chinese) (457.3K units)
- India (390.4K units)
- Vietnam (160.6K units)
- Indonesia (44.0K units)
- Brazil (29.2K units)
Motorcycle Tire Exports in Peru
In 2022, the amount of new pneumatic tyres for motorcycles exported from Peru soared to 646 units, picking up by 78% against the previous year's figure. Over the period under review, exports posted a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire exports soared to $20K in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 108%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Motorcycle Tire in Peru (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 2.5 | 0.6 | 3.7 | 10.2 | 59.8% |
| Haiti | 0.3 | 0.8 | 1.4 | 5.1 | 157.1% |
| Cuba | N/A | N/A | 0.7 | 4.6 | 557.1% |
| Ecuador | 2.2 | 2.9 | 5.5 | N/A | 58.1% |
| Venezuela | 3.6 | N/A | N/A | N/A | 0% |
| Colombia | 0.6 | 0.6 | 0.8 | N/A | 15.5% |
| Bolivia | 0.3 | 1.2 | 1.9 | N/A | 151.7% |
| Others | 0.8 | 1.1 | 0.7 | 0.1 | -50.0% |
| Total | 10.2 | 7.1 | 14.8 | 20.0 | 25.2% |
Top Export Markets for Motorcycle Tire from Peru in 2022:
- Cuba (396.0 units)
- Haiti (131.0 units)
- Guyana (116.0 units)
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