U.S. - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPassenger Car Tyre Price in the United States - 2023
Contents:
- Passenger Car Tyre Price in the United States (CIF) - 2023
- Passenger Car Tyre Price in the United States (FOB) - 2023
- Passenger Car Tyre Imports in the United States
- Passenger Car Tyre Exports in the United States
Passenger Car Tyre Price in the United States (CIF) - 2023
The average passenger car tyre import price stood at $60.3 per unit in August 2023, almost unchanged from the previous month. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 4.1% month-to-month. Over the period under review, average import prices reached the peak figure at $63.7 per unit in November 2022; however, from December 2022 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Portugal ($126 per unit), while the price for Taiwan (Chinese) ($31.8 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Tyre Price in the United States (FOB) - 2023
In August 2023, the average passenger car tyre export price amounted to $87.7 per unit, with an increase of 2.3% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when the average export price increased by 3% month-to-month. The export price peaked at $90.3 per unit in November 2022; however, from December 2022 to August 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In August 2023, the country with the highest price was Germany ($284 per unit), while the average price for exports to Canada ($81.1 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 Germany (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Tyre Imports in the United States
In 2022, approx. 163M units of tyres for motor cars were imported into the United States; growing by 4.8% compared with 2021 figures. The total import volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 10%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.
In value terms, passenger car tyre imports surged to $9.2B in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Passenger Car Tyre in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 908 | 860 | 1,264 | 1,535 | 19.1% |
| Thailand | 1,530 | 1,368 | 1,267 | 1,217 | -7.3% |
| Indonesia | 524 | 464 | 607 | 843 | 17.2% |
| South Korea | 1,109 | 800 | 621 | 709 | -13.9% |
| Canada | 754 | 526 | 730 | 671 | -3.8% |
| Japan | 560 | 408 | 469 | 628 | 3.9% |
| Vietnam | 377 | 359 | 342 | 390 | 1.1% |
| Portugal | 170 | 162 | 259 | 336 | 25.5% |
| Chile | 278 | 174 | 261 | 336 | 6.5% |
| Malaysia | 76.6 | 105 | 146 | 216 | 41.3% |
| Brazil | 188 | 106 | 186 | 199 | 1.9% |
| Philippines | 154 | 104 | 116 | 173 | 4.0% |
| China | 99.1 | 91.7 | 114 | 97.9 | -0.4% |
| Others | 1,672 | 1,350 | 1,372 | 1,866 | 3.7% |
| Total | 8,402 | 6,877 | 7,755 | 9,217 | 3.1% |
Top Suppliers of Passenger Car Tyre to the United States in 2022:
- Thailand (30.4M units)
- Mexico (21.4M units)
- Indonesia (16.6M units)
- South Korea (14.9M units)
- Canada (10.8M units)
- Vietnam (10.4M units)
- Japan (9.7M units)
- Chile (6.0M units)
- Philippines (4.2M units)
- Malaysia (4.2M units)
- Brazil (3.3M units)
- Portugal (3.1M units)
- China (2.9M units)
Passenger Car Tyre Exports in the United States
In 2022, shipments abroad of tyres for motor cars increased by 4.8% to 16M units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a deep contraction. The exports peaked at 23M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, passenger car tyre exports rose remarkably to $1.4B in 2022. Over the period under review, exports, however, continue to indicate a deep reduction. The exports peaked at $1.6B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Passenger Car Tyre in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 804 | 567 | 601 | 661 | -6.3% |
| Mexico | 447 | 377 | 328 | 441 | -0.4% |
| Germany | 71.8 | 45.5 | 56.6 | 53.8 | -9.2% |
| South Korea | 62.5 | 67.9 | 53.7 | 49.6 | -7.4% |
| Others | 259 | 183 | 193 | 175 | -12.3% |
| Total | 1,646 | 1,241 | 1,233 | 1,381 | -5.7% |
Top Export Markets for Passenger Car Tyre from the United States in 2022:
- Canada (8.4M units)
- Mexico (5.4M units)
- South Korea (0.6M units)
- Germany (0.4M units)
This report provides an in-depth analysis of the passenger car tyre market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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