Motorcycle Tire Price in Thailand - 2023
Contents:
- Motorcycle Tire Price in Thailand (FOB) - 2023
- Motorcycle Tire Price in Thailand (CIF) - 2023
- Motorcycle Tire Exports in Thailand
- Motorcycle Tire Imports in Thailand
Motorcycle Tire Price in Thailand (FOB) - 2023
The average motorcycle tire export price stood at $12.4 per unit in September 2023, waning by -11.3% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 20% against the previous month. As a result, the export price reached the peak level of $14.0 per unit, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($54.7 per unit), while the average price for exports to Myanmar ($7.3 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 Myanmar (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Price in Thailand (CIF) - 2023
In September 2023, the average motorcycle tire import price amounted to $18.4 per unit, falling by -22.8% against the previous month. Overall, the import price continues to indicate a mild descent. The growth pace was the most rapid in August 2023 an increase of 25% m-o-m. The import price peaked at $27.7 per unit in January 2023; however, from February 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 United States ($94.9 per unit), while the price for Vietnam ($11.0 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 India (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Exports in Thailand
In 2022, after three years of growth, there was decline in shipments abroad of new pneumatic tyres for motorcycles, when their volume decreased by -1.2% to 17M units. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.6% 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 +66.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. The exports peaked at 17M units in 2021, and then contracted in the following year.
In value terms, motorcycle tire exports reached $199M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
| Export of Motorcycle Tire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 20.1 | 18.0 | 23.4 | 24.7 | 7.1% |
| United States | 22.0 | 21.5 | 25.6 | 24.1 | 3.1% |
| Cambodia | 23.5 | 17.5 | 20.5 | 21.5 | -2.9% |
| Philippines | 14.3 | 12.8 | 21.3 | 18.2 | 8.4% |
| Malaysia | 19.9 | 16.4 | 15.7 | 16.3 | -6.4% |
| Japan | 13.2 | 12.9 | 16.4 | 15.4 | 5.3% |
| Myanmar | 2.3 | 17.8 | 15.1 | 15.1 | 87.2% |
| Vietnam | 9.2 | 7.9 | 9.0 | 12.5 | 10.8% |
| China | 3.7 | 6.4 | 7.1 | 6.7 | 21.9% |
| Indonesia | 4.8 | 3.0 | 4.5 | 4.3 | -3.6% |
| Lao People's Democratic Republic | 1.7 | 1.7 | 1.3 | 1.2 | -11.0% |
| Others | 34.3 | 30.9 | 37.3 | 38.6 | 4.0% |
| Total | 169 | 167 | 197 | 199 | 5.6% |
Top Export Markets for Motorcycle Tire from Thailand in 2022:
- Myanmar (4.9M units)
- Cambodia (2.4M units)
- Philippines (1.8M units)
- Malaysia (1.8M units)
- Japan (1.2M units)
- Vietnam (1.0M units)
- Spain (0.7M units)
- United States (0.4M units)
- Indonesia (0.3M units)
- China (0.3M units)
- Lao People's Democratic Republic (0.2M units)
Motorcycle Tire Imports in Thailand
Motorcycle tire imports into Thailand soared to 1.7M units in 2022, increasing by 24% against the previous year's figure. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 +51.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire imports surged to $40M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Motorcycle Tire in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 4.6 | 5.6 | 7.5 | 12.5 | 39.5% |
| Vietnam | 4.4 | 5.3 | 5.3 | 6.9 | 16.2% |
| United States | 0.6 | 1.3 | 3.2 | 4.2 | 91.3% |
| Germany | 3.3 | 2.5 | 3.7 | 3.9 | 5.7% |
| China | 5.1 | 3.5 | 4.3 | 3.9 | -8.6% |
| Japan | 1.1 | 2.5 | 3.2 | 3.5 | 47.1% |
| Spain | 0.4 | 1.6 | 1.4 | 1.8 | 65.1% |
| United Kingdom | 1.2 | 1.6 | 1.8 | 1.4 | 5.3% |
| Serbia | 0.4 | 0.4 | 0.7 | 0.4 | 0.0% |
| Brazil | 1.5 | 0.6 | 0.9 | 0.2 | -48.9% |
| Others | 0.6 | 0.6 | 0.7 | 0.9 | 14.5% |
| Total | 23.3 | 25.7 | 32.7 | 39.7 | 19.4% |
Top Suppliers of Motorcycle Tire to Thailand in 2022:
- Vietnam (725.3K units)
- Indonesia (550.2K units)
- China (80.1K units)
- Japan (76.3K units)
- Germany (62.5K units)
- United States (57.8K units)
- Spain (46.0K units)
- Serbia (20.1K units)
- United Kingdom (19.4K units)
- Brazil (6.0K units)
490
This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in Thailand.
427
This report provides an in-depth analysis of the aircraft tyre market in Thailand.
1253
This report provides an in-depth analysis of the tyre market in Thailand.
413
This report provides an in-depth analysis of the market for agricultural, construction and industrial machinery tyre in Thailand.
414
This report provides an in-depth analysis of the market for truck and bus tyre in Thailand.
483
This report provides an in-depth analysis of the passenger car tyre market in Thailand.
331
This report provides an in-depth analysis of the soap market in Thailand.
493
This report provides an in-depth analysis of the wood fuel market in Thailand.
500
This report provides an in-depth analysis of the soap in bars market in Thailand.
406
This report provides an in-depth analysis of the skim milk market in Thailand.
84
Aircraft Tyre exports reached their peak in 2023 and are expected to keep growing. The value of exports surged to $248M in 2023.
135
From April 2023 to November 2023, the Aircraft Tyre exports experienced a slowdown, with a modest decline in value to $24M in November 2023.
207
In February of 2023, aircraft tyre prices stood at $682 per unit (FOB Thailand), an increase of 18% from the previous month.
100
From 2022 to 2023, the growth of the exports of Tyre remained at a lower figure. In value terms, Tyre exports rose rapidly to $7B in 2023.
549
Discover the passenger car tyre prices of Thailand in May 2023. The cost per unit was $42.3 (FOB) which equated to the price of the previous month.
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.
2376
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
106
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...
