Sri Lanka - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPassenger Car Tyre Price in Sri Lanka - 2021
Contents:
- Passenger Car Tyre Price in Sri Lanka (CIF) - 2022
- Passenger Car Tyre Price in Sri Lanka (FOB) - 2022
- Passenger Car Tyre Imports in Sri Lanka
- Passenger Car Tyre Exports in Sri Lanka
Passenger Car Tyre Price in Sri Lanka (CIF) - 2022
The average passenger car tyre import price stood at $28 per unit in 2022, shrinking by -36% against the previous year. In general, the import price showed a noticeable curtailment. The pace of growth was the most pronounced in 2018 when the average import price increased by 29% against the previous year. Over the period under review, average import prices hit record highs at $52 per unit in 2014; however, from 2015 to 2022, import prices remained at a 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 Thailand ($43 per unit), while the price for India ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Passenger Car Tyre Price in Sri Lanka (FOB) - 2022
In 2022, the average passenger car tyre export price amounted to $24 per unit, dropping by -28.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the peak figure at $54 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($30 per unit), while the average price for exports to the United Arab Emirates ($18 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 South Africa (+5,689.6%), while the prices for the other major destinations experienced mixed trend patterns.
Passenger Car Tyre Imports in Sri Lanka
In 2022, the amount of tyres for motor cars imported into Sri Lanka dropped sharply to 429K units, waning by -42.8% on the year before. Over the period under review, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 120% against the previous year. As a result, imports attained the peak of 751K units, and then fell remarkably in the following year.
In value terms, passenger car tyre imports contracted rapidly to $12M in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 102%. As a result, imports attained the peak of $33M, and then fell markedly in the following year.
| Import of Passenger Car Tyre in Sri Lanka (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.5 | 4.1 | 10.1 | 4.7 | 1.5% |
| Taiwan (Chinese) | 3.4 | 1.9 | 4.3 | 2.3 | -12.2% |
| Thailand | 2.9 | 2.1 | 4.7 | 2.2 | -8.8% |
| Indonesia | 2.8 | 1.9 | 3.7 | 0.8 | -34.1% |
| Japan | 2.0 | 2.4 | 3.4 | 0.5 | -37.0% |
| South Korea | 1.4 | 1.0 | 2.1 | 0.4 | -34.1% |
| India | 0.6 | 0.2 | 0.7 | 0.2 | -30.7% |
| Others | 4.0 | 2.7 | 4.2 | 1.0 | -37.0% |
| Total | 21.6 | 16.3 | 33.0 | 12.1 | -17.6% |
Top Suppliers of Passenger Car Tyre to Sri Lanka in 2022:
- China (221.3K units)
- Taiwan (Chinese) (69.4K units)
- Thailand (52.3K units)
- Indonesia (32.1K units)
- Japan (13.8K units)
- India (12.4K units)
- South Korea (10.0K units)
Passenger Car Tyre Exports in Sri Lanka
In 2022, approx. 104K units of tyres for motor cars were exported from Sri Lanka; picking up by 601% on the previous year. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, passenger car tyre exports surged to $2.5M in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Passenger Car Tyre in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | N/A | N/A | 1.1 | 1,143 | 103809.1% |
| Brazil | N/A | N/A | N/A | 1,087 | 0% |
| Pakistan | 0.3 | N/A | N/A | 107 | 609.2% |
| Saudi Arabia | 194 | N/A | N/A | 0.2 | -89.9% |
| Oman | N/A | 166 | N/A | N/A | 0% |
| Qatar | 7.0 | 78.0 | 112 | N/A | 300.0% |
| Others | 48.0 | 86.7 | 381 | 155 | 47.8% |
| Total | 249 | 331 | 495 | 2,492 | 115.5% |
Top Export Markets for Passenger Car Tyre from Sri Lanka in 2022:
- Saudi Arabia (undefinedK units)
- India (60.6K units)
- Brazil (35.7K units)
- Pakistan (5.0K units)
This report provides an in-depth analysis of the passenger car tyre market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
Country coverage:
- Sri Lanka
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Sri Lanka
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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