Motorcycle Tire Price in Uruguay - 2022
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Motorcycle Tire Price in Uruguay (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $12 per unit, growing by 20% against the previous year. Over the period under review, the import price, however, continues to indicate a mild decline. The most prominent rate of growth was recorded in 2015 an increase of 22%. Over the period under review, average import prices hit record highs at $14 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Brazil ($19 per unit), while the price for China ($8.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Imports in Uruguay
In 2022, after three years of growth, there was significant decline in supplies from abroad of new pneumatic tyres for motorcycles, when their volume decreased by -29.9% to 161K units. Overall, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 30%. As a result, imports reached the peak of 230K units, and then reduced rapidly in the following year.
In value terms, motorcycle tire imports declined dramatically to $2M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +30.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of $2.3M, and then contracted markedly in the following year.
Import of Motorcycle Tire in Uruguay (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Brazil | 456 | 434 | 433 | 742 | 17.6% |
China | 352 | 498 | 981 | 701 | 25.8% |
Thailand | 241 | 299 | 153 | 324 | 10.4% |
Pakistan | N/A | N/A | 56.0 | 39.5 | -29.5% |
Others | 458 | 439 | 718 | 162 | -29.3% |
Total | 1,507 | 1,670 | 2,342 | 1,970 | 9.3% |
Top Suppliers of Motorcycle Tire to Uruguay in 2022:
- China (80.7K units)
- Brazil (40.0K units)
- Thailand (33.2K units)
- Pakistan (4.2K units)
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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
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