China - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Truck and Bus Tyre in China - 2023
Contents:
- Price for Truck and Bus Tyre in China (FOB) - 2023
- Price for Truck and Bus Tyre in China (CIF) - 2022
- Exports of Truck and Bus Tyre in China
- Imports of Truck and Bus Tyre in China
Price for Truck and Bus Tyre in China (FOB) - 2023
The average truck and bus tyre export price stood at $81.2 per unit in June 2023, remaining relatively unchanged against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2022 when the average export price increased by 3.4% month-to-month. The export price peaked at $90.3 per unit in September 2022; however, from October 2022 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Malaysia ($105 per unit), while the average price for exports to the United States ($43.7 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Truck and Bus Tyre in China (CIF) - 2022
The average truck and bus tyre import price stood at $158 per unit in 2022, waning by -6.7% against the previous year. Overall, the import price showed a drastic downturn. The pace of growth was the most pronounced in 2017 when the average import price increased by 8.2%. The import price peaked at $298 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($469 per unit), while the price for Malaysia ($87 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+5.8%), while the prices for the other major suppliers experienced a decline.
Exports of Truck and Bus Tyre in China
Truck and bus tyre exports from China skyrocketed to 84M units in 2022, rising by 58% against 2021. Overall, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, truck and bus tyre exports totaled $9.2B in 2022. The total export value increased at an average annual rate of +7.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Truck and Bus Tyre in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 675 | 496 | 594 | 676 | 0.0% |
| Mexico | 350 | 340 | 471 | 564 | 17.2% |
| Russia | 180 | 162 | 234 | 429 | 33.6% |
| Saudi Arabia | 330 | 314 | 296 | 379 | 4.7% |
| United Arab Emirates | 135 | 226 | 327 | 354 | 37.9% |
| Canada | 191 | 173 | 212 | 294 | 15.5% |
| Indonesia | 132 | 111 | 177 | 242 | 22.4% |
| Malaysia | 151 | 151 | 208 | 238 | 16.4% |
| Vietnam | 158 | 160 | 202 | 225 | 12.5% |
| Pakistan | 163 | 204 | 196 | 219 | 10.3% |
| Philippines | 196 | 157 | 222 | 216 | 3.3% |
| Brazil | 57.1 | 44.7 | 124 | 133 | 32.6% |
| Algeria | 144 | 115 | 80.5 | 125 | -4.6% |
| Others | 4,487 | 3,944 | 4,672 | 5,095 | 4.3% |
| Total | 7,350 | 6,599 | 8,015 | 9,189 | 7.7% |
Top Export Markets for Truck and Bus Tyre from China in 2022:
- United States (14.5M units)
- Russia (3.9M units)
- Canada (3.3M units)
- Mexico (3.0M units)
- Philippines (2.8M units)
- Brazil (2.5M units)
- Malaysia (2.2M units)
- Pakistan (2.1M units)
- Saudi Arabia (2.0M units)
- Indonesia (1.8M units)
- Algeria (1.7M units)
- United Arab Emirates (1.7M units)
- Vietnam (1.7M units)
Imports of Truck and Bus Tyre in China
In 2022, truck and bus tyre imports into China rose slightly to 402K units, growing by 1.7% on 2021. The total import volume increased at an average annual rate of +8.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 23%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, truck and bus tyre imports reduced to $63M in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 28% against the previous year. As a result, imports attained the peak of $68M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Truck and Bus Tyre in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2.3 | 8.5 | 15.8 | 16.8 | 94.0% |
| Japan | 5.3 | 14.5 | 14.5 | 15.1 | 41.8% |
| Spain | 10.7 | 26.3 | 13.8 | 13.5 | 8.1% |
| United States | 6.5 | 10.4 | 13.3 | 8.9 | 11.0% |
| Vietnam | N/A | N/A | 0.1 | 2.4 | 2300.0% |
| Germany | 2.0 | 3.3 | 2.6 | 0.9 | -23.4% |
| Malaysia | N/A | N/A | 0.6 | 0.7 | 16.7% |
| United Arab Emirates | 24.4 | N/A | N/A | N/A | 0% |
| Others | 1.8 | 5.3 | 6.0 | 5.2 | 42.4% |
| Total | 53.2 | 68.3 | 66.7 | 63.3 | 6.0% |
Top Suppliers of Truck and Bus Tyre to China in 2022:
- Thailand (190.1K units)
- Japan (66.1K units)
- United States (60.6K units)
- Spain (28.7K units)
- Vietnam (13.1K units)
- Malaysia (8.2K units)
- Germany (5.4K units)
This report provides an in-depth analysis of the market for truck and bus tyre in China. 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 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
- Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- 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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