Motorcycle Tire Price in Singapore - 2022
Contents:
- Motorcycle Tire Price in Singapore (CIF) - 2022
- Motorcycle Tire Price in Singapore (FOB) - 2022
- Motorcycle Tire Imports in Singapore
- Motorcycle Tire Exports in Singapore
Motorcycle Tire Price in Singapore (CIF) - 2022
In September 2022, the average motorcycle tire import price amounted to $50.4 per unit, declining by -18.3% against the previous month. In general, the import price, however, posted pronounced growth. The most prominent rate of growth was recorded in July 2022 an increase of 109% month-to-month. As a result, import price reached the peak level of $74.5 per unit. From August 2022 to September 2022, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was Slovenia ($412 per unit), while the price for the Czech Republic ($10.5 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Slovenia (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Singapore (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $61 per unit, picking up by 10% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 45%. Over the period under review, the average export prices hit record highs at $78 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($155 per unit), while the average price for exports to Indonesia ($45 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 Myanmar (+14.5%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Singapore
In 2022, overseas purchases of new pneumatic tyres for motorcycles decreased by -19.7% to 128K units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 56%. Over the period under review, imports attained the peak figure at 160K units in 2021, and then dropped sharply in the following year.
In value terms, motorcycle tire imports amounted to $5M in 2022. The total import value increased at an average annual rate of +13.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 27% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Motorcycle Tire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 375 | 1,035 | 1,038 | 1,010 | 39.1% |
| United States | 475 | 578 | 716 | 964 | 26.6% |
| Malaysia | 208 | 517 | 1,005 | 689 | 49.1% |
| Germany | 77.8 | 196 | 17.0 | 464 | 81.3% |
| Spain | 334 | 279 | 397 | 431 | 8.9% |
| Thailand | 200 | 412 | 354 | 407 | 26.7% |
| China | 470 | 602 | 522 | 367 | -7.9% |
| Slovenia | 151 | 191 | 244 | 259 | 19.7% |
| South Korea | 165 | 132 | 146 | 130 | -7.6% |
| Netherlands | 707 | 133 | 295 | 0.6 | -90.5% |
| Others | 269 | 281 | 185 | 242 | -3.5% |
| Total | 3,431 | 4,355 | 4,920 | 4,963 | 13.1% |
Top Suppliers of Motorcycle Tire to Singapore in 2022:
- Netherlands (undefinedK units)
- Indonesia (35.5K units)
- Malaysia (29.5K units)
- China (12.8K units)
- Thailand (12.0K units)
- Spain (9.7K units)
- Slovenia (7.1K units)
- Germany (6.3K units)
- United States (5.8K units)
- South Korea (5.0K units)
Motorcycle Tire Exports in Singapore
In 2022, overseas shipments of new pneumatic tyres for motorcycles decreased by -27.9% to 6.9K units, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2020 when exports increased by 14%. As a result, the exports reached the peak of 9.8K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, motorcycle tire exports dropped sharply to $420K in 2022. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 10%. As a result, the exports attained the peak of $737K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Motorcycle Tire in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 391 | 86.5 | 145 | 182 | -22.5% |
| Brunei Darussalam | 29.5 | 76.7 | 74.3 | 76.2 | 37.2% |
| Malaysia | 81.0 | 133 | 55.1 | 45.2 | -17.7% |
| South Korea | 5.2 | 16.6 | 3.1 | 43.1 | 102.4% |
| Vietnam | 114 | 82.6 | 89.2 | 40.3 | -29.3% |
| India | 4.0 | 3.6 | 3.1 | 11.5 | 42.2% |
| Thailand | 9.8 | 4.8 | 145 | 2.3 | -38.3% |
| Hong Kong SAR | 27.0 | 103 | 0.5 | 0.2 | -80.5% |
| Others | 6.6 | 230 | 13.9 | 19.1 | 42.5% |
| Total | 668 | 737 | 530 | 420 | -14.3% |
Top Export Markets for Motorcycle Tire from Singapore in 2022:
- Indonesia (4084.0 units)
- Brunei Darussalam (1205.0 units)
- Malaysia (545.0 units)
- Vietnam (381.0 units)
- South Korea (335.0 units)
- India (164.0 units)
- Thailand (53.0 units)
- Hong Kong SAR (1.0 units)
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