Pakistan - Tyres For Motor Cycles Or Bicycles - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Pakistan - Tyres For Motor Cycles Or Bicycles - Market Analysis, Forecast, Size, Trends and Insights

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Price for Motorcycle or Bicycle Tyre in Pakistan - 2023

Contents:

  1. Price for Motorcycle or Bicycle Tyre in Pakistan (FOB) - 2023
  2. Price for Motorcycle or Bicycle Tyre in Pakistan (CIF) - 2022
  3. Exports of Motorcycle or Bicycle Tyre in Pakistan
  4. Imports of Motorcycle or Bicycle Tyre in Pakistan

Price for Motorcycle or Bicycle Tyre in Pakistan (FOB) - 2023

In January 2023, the average motorcycle or bicycle tyre export price amounted to $7.5 per unit, with an increase of 49% against the previous month. Over the period under review, export price indicated measured growth from February 2022 to January 2023: its price increased at an average monthly rate of +4.6% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, motorcycle or bicycle tyre export price increased by +109.9% against October 2022 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In January 2023, the highest price was recorded for prices to Iraq ($7.9 per unit) and Egypt ($7.9 per unit), while the average price for exports to Afghanistan ($6.7 per unit) and Turkey ($7.3 per unit) were amongst the lowest.

From February 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+8.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Motorcycle or Bicycle Tyre in Pakistan (CIF) - 2022

The average motorcycle or bicycle tyre import price stood at $12 per unit in 2022, growing by 111% against the previous year. In general, the import price showed strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Thailand amounted to +7.3% per year.

Exports of Motorcycle or Bicycle Tyre in Pakistan

After three years of growth, shipments abroad of tyres for motorcycles or bicycles decreased by -80.7% to 969K units in 2022. Overall, exports saw a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year. As a result, the exports attained the peak of 5M units, and then declined remarkably in the following year.

In value terms, motorcycle or bicycle tyre exports shrank modestly to $18M in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 99%. As a result, the exports attained the peak of $18M, leveling off in the following year.

Export of Motorcycle or Bicycle Tyre in Pakistan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates0.20.10.118.0348.1%
Turkey1.52.35.3N/A88.0%
Egypt1.31.83.4N/A61.7%
Afghanistan2.02.11.4N/A-16.3%
Brazil1.11.34.1N/A93.1%
Others1.41.43.8N/A64.8%
Total7.59.218.218.033.9%

Top Export Markets for Motorcycle or Bicycle Tyre from Pakistan in 2022:

  1. United Arab Emirates (968.8K units)

Imports of Motorcycle or Bicycle Tyre in Pakistan

In 2022, approx. 26K units of tyres for motorcycles or bicycles were imported into Pakistan; waning by -63.3% against the previous year's figure. In general, imports faced a sharp downturn. The pace of growth was the most pronounced in 2021 when imports increased by 22%. Imports peaked at 137K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, motorcycle or bicycle tyre imports contracted markedly to $304K in 2022. Over the period under review, imports saw a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 82% against the previous year. Over the period under review, imports attained the maximum at $415K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Motorcycle or Bicycle Tyre in Pakistan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates0.179.31803041348.6%
South Korea20.84.47.7N/A-39.2%
Thailand43.814.15.1N/A-65.9%
Sri Lanka50.77.523.6N/A-31.8%
China191102158N/A-9.0%
India63.0N/AN/AN/A0%
Indonesia32.22.47.7N/A-51.1%
Others13.35.29.2N/A-16.8%
Total415215391304-9.9%

Top Suppliers of Motorcycle or Bicycle Tyre to Pakistan in 2022:

  1. United Arab Emirates (25.8K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in Pakistan. 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 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles

Country coverage:

  • Pakistan

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Pakistan
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023
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