Vietnam - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPassenger Car Tyre Price in Vietnam - 2021
Contents:
- Passenger Car Tyre Price in Vietnam (FOB) - 2022
- Passenger Car Tyre Price in Vietnam (CIF) - 2022
- Passenger Car Tyre Exports in Vietnam
- Passenger Car Tyre Imports in Vietnam
Passenger Car Tyre Price in Vietnam (FOB) - 2022
In 2022, the average passenger car tyre export price amounted to $38 per unit, remaining relatively unchanged against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, passenger car tyre export price decreased by -0.6% against 2020 indices. The growth pace was the most rapid in 2016 when the average export price increased by 38%. Over the period under review, the average export prices hit record highs at $39 per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($51 per unit), while the average price for exports to Brazil ($25 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 Egypt (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Tyre Price in Vietnam (CIF) - 2022
The average passenger car tyre import price stood at $53 per unit in 2022, with a decrease of -3.8% against the previous year. In general, the import price showed a mild decrease. The pace of growth was the most pronounced in 2020 when the average import price increased by 12%. Over the period under review, average import prices attained the peak figure at $59 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for Malaysia amounted to -0.9% per year.
Passenger Car Tyre Exports in Vietnam
In 2022, after two years of decline, there was growth in shipments abroad of tyres for motor cars, when their volume increased by 1.9% to 14M units. In general, exports, however, showed a noticeable decline. Over the period under review, the exports attained the maximum at 16M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, passenger car tyre exports rose modestly to $542M in 2022. Overall, exports, however, showed a mild curtailment. The exports peaked at $574M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Passenger Car Tyre in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 377 | 392 | 376 | 395 | 1.6% |
| Japan | 31.8 | 34.7 | 34.6 | 43.3 | 10.8% |
| Brazil | 8.5 | 5.2 | 10.2 | 23.6 | 40.6% |
| Australia | 9.3 | 15.9 | 17.0 | 20.4 | 29.9% |
| Canada | 8.4 | 9.2 | 14.0 | 10.2 | 6.7% |
| Malaysia | 12.8 | 8.9 | 9.8 | N/A | -12.5% |
| Others | 126 | 88.8 | 66.9 | 49.7 | -26.7% |
| Total | 574 | 555 | 529 | 542 | -1.9% |
Top Export Markets for Passenger Car Tyre from Vietnam in 2022:
- United States (10.4M units)
- Brazil (1.0M units)
- Japan (0.9M units)
- Australia (0.5M units)
- Canada (0.3M units)
Passenger Car Tyre Imports in Vietnam
In 2022, approx. 2.2M units of tyres for motor cars were imported into Vietnam; falling by -4.6% compared with 2021. Over the period under review, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 10%. Over the period under review, imports hit record highs at 2.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, passenger car tyre imports reduced to $113M in 2022. Overall, imports showed a noticeable downturn. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports attained the peak of $123M, and then shrank in the following year.
| Import of Passenger Car Tyre in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 2.2 | 1.4 | 1.4 | 113 | 271.7% |
| Thailand | 51.5 | 51.2 | 62.5 | N/A | 10.2% |
| South Korea | 10.8 | 6.7 | 3.7 | N/A | -41.5% |
| Japan | 15.7 | 16.2 | 16.6 | N/A | 2.8% |
| Germany | 5.0 | 1.0 | 3.7 | N/A | -14.0% |
| China | 2.3 | 1.6 | 3.0 | N/A | 14.2% |
| Malaysia | 9.6 | 7.5 | 8.4 | N/A | -6.5% |
| Indonesia | 17.4 | 13.3 | 11.4 | N/A | -19.1% |
| Others | 7.4 | 4.1 | 12.3 | N/A | 28.9% |
| Total | 122 | 103 | 123 | 113 | -2.5% |
Top Suppliers of Passenger Car Tyre to Vietnam in 2022:
- United Arab Emirates (2.2M units)
This report provides an in-depth analysis of the passenger car tyre market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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.
-
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
-
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
-
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
-
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
-
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
-
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
-
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
597
This report provides an in-depth analysis of the passenger car tyre market in Vietnam.
468
This report provides an in-depth analysis of the market for agricultural, construction and industrial machinery tyre in Vietnam.
874
This report provides an in-depth analysis of the tyre market in Vietnam.
364
This report provides an in-depth analysis of the aircraft tyre market in Vietnam.
672
This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in Vietnam.
417
This report provides an in-depth analysis of the market for truck and bus tyre in Vietnam.
320
This report provides an in-depth analysis of the market for soap in the form of flakes, wafers, granules or powders in Vietnam.
421
This report provides an in-depth analysis of the wood fuel market in Vietnam.
423
This report provides an in-depth analysis of the soap in bars market in Vietnam.
555
This report provides an in-depth analysis of the skim milk market in Vietnam.
184
Explore the top 10 countries in terms of import value of passenger car tyres. Discover the statistics and key numbers from IndexBox market intelligence platform.
2017
In 2014, a restrictive tax duty was introduced in the USA, with regard to the import of car tyres from the People's Republic of China (PRC). As a result, the share of Chinese-manufactured car tyres on the American market has fallen from X% to X%. This
937
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...
1039
In value terms, agricultural, horticultural, forestry equipment imports totaled $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total imports value increased at an ave...
623
In value terms, machining centres, unit construction machines exports stood at $X in 2016. Overall, it indicated a mild growth from 2007 to 2016: the total exports value decreased at an average ann...
771
In value terms, agricultural, horticultural, forestry equipment exports stood at $X in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total exports value increased at an av...
2275
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
643
In 2016, the amount of agriculture tire imported worldwide stood at X tons, rising by X% against the previous year figure. Overall, agriculture tire imports continue to indicate a relatively flat ...
1180
Despite a rather deep plunge in exports in 2014, Japan remained the leader in the global tyres for agriculture trade. In 2014, Japan exported X million units of tyres for agriculture totaling X billion USD, X% under the previous year. Its primary tr
440
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.
