Motorcycle Tire Price in the UK - 2023
Contents:
- Motorcycle Tire Price in the UK (CIF) - 2022
- Motorcycle Tire Price in the UK (FOB) - 2023
- Motorcycle Tire Imports in the UK
- Motorcycle Tire Exports in the UK
Motorcycle Tire Price in the UK (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $46 per unit, with an increase of 3.2% against the previous year. Over the period under review, the import price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 13% against the previous year. Over the period under review, average import prices reached the maximum at $59 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($97 per unit), while the price for Turkey ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in the UK (FOB) - 2023
The average motorcycle tire export price stood at $60.1 per unit in August 2023, shrinking by -29.7% against the previous month. In general, the export price continues to indicate a slight reduction. The pace of growth was the most pronounced in October 2022 an increase of 54% month-to-month. Over the period under review, the average export prices reached the maximum at $96.9 per unit in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Canada ($132 per unit), while the average price for exports to Australia ($14.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in the UK
In 2022, the amount of new pneumatic tyres for motorcycles imported into the UK surged to 999K units, picking up by 21% compared with the year before. The total import volume increased at an average annual rate of +5.2% 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 surged to $46M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.6% 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 +47.0% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Motorcycle Tire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 12.4 | 10.8 | 16.0 | 9.2 | -9.5% |
| Japan | 0.1 | 0.1 | N/A | 9.1 | 349.8% |
| Spain | 5.1 | 4.5 | 8.0 | 6.9 | 10.6% |
| China | 2.1 | 2.2 | 2.5 | 3.9 | 22.9% |
| Serbia | 1.3 | 1.5 | 2.0 | 2.4 | 22.7% |
| Thailand | 0.2 | 0.5 | 0.4 | 2.2 | 122.4% |
| Turkey | 0.1 | 0.2 | 1.1 | 2.1 | 175.9% |
| France | 5.5 | 4.6 | 0.7 | 1.7 | -32.4% |
| Indonesia | 0.4 | 0.4 | 0.9 | 1.5 | 55.4% |
| Taiwan (Chinese) | 1.2 | 0.9 | 2.2 | 1.2 | 0.0% |
| Slovenia | 0.5 | 0.6 | 0.6 | 0.4 | -7.2% |
| Belgium | 1.8 | 3.1 | 0.8 | N/A | -33.3% |
| Others | 1.2 | 1.6 | 1.2 | 4.9 | 59.8% |
| Total | 32.0 | 31.0 | 36.4 | 45.6 | 12.5% |
Top Suppliers of Motorcycle Tire to the UK in 2022:
- Turkey (142.4K units)
- Japan (115.7K units)
- Thailand (106.1K units)
- Serbia (105.9K units)
- China (98.7K units)
- Germany (94.6K units)
- Spain (93.9K units)
- Indonesia (62.6K units)
- Taiwan (Chinese) (34.4K units)
- France (26.5K units)
- Slovenia (17.0K units)
Motorcycle Tire Exports in the UK
After two years of decline, overseas shipments of new pneumatic tyres for motorcycles increased by 39% to 249K units in 2022. The total export volume increased at an average annual rate of +8.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire exports expanded remarkably to $17M in 2022. The total export value increased at an average annual rate of +11.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 15%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Export of Motorcycle Tire in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.5 | 3.8 | 3.7 | 5.5 | 16.3% |
| United States | 2.1 | 4.3 | 5.4 | 3.4 | 17.4% |
| Thailand | 0.5 | 0.6 | 0.3 | 1.1 | 30.1% |
| Spain | 0.9 | 0.9 | 1.1 | 1.0 | 3.6% |
| Canada | 0.3 | 0.6 | 0.7 | 0.8 | 38.7% |
| Australia | 0.1 | 0.4 | 0.8 | 0.8 | 100.0% |
| Japan | 0.3 | 0.5 | 0.6 | 0.7 | 32.6% |
| United Arab Emirates | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Poland | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Lithuania | N/A | N/A | 0.1 | 0.4 | 300.0% |
| Sweden | 0.2 | N/A | 0.1 | 0.4 | 26.0% |
| Austria | 0.8 | 0.5 | 0.6 | 0.4 | -20.6% |
| Ireland | 1.2 | 0.6 | 0.5 | 0.4 | -30.7% |
| Others | 2.2 | 1.8 | 1.0 | 1.4 | -14.0% |
| Total | 12.4 | 14.3 | 15.4 | 17.2 | 11.5% |
Top Export Markets for Motorcycle Tire from the UK in 2022:
- Germany (99.7K units)
- United States (42.5K units)
- Thailand (16.5K units)
- United Arab Emirates (12.2K units)
- Spain (10.8K units)
- Australia (8.8K units)
- Japan (8.1K units)
- Austria (7.5K units)
- Canada (7.0K units)
- Poland (6.9K units)
- Lithuania (5.3K units)
- Sweden (5.3K units)
- Ireland (3.9K units)
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