Indonesia - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Truck and Bus Tyre in Indonesia - 2022
Contents:
- Price for Truck and Bus Tyre in Indonesia (CIF) - 2022
- Price for Truck and Bus Tyre in Indonesia (FOB) - 2022
- Imports of Truck and Bus Tyre in Indonesia
- Exports of Truck and Bus Tyre in Indonesia
Price for Truck and Bus Tyre in Indonesia (CIF) - 2022
The average truck and bus tyre import price stood at $169 per unit in March 2022, flattening at the previous month. Over the period under review, the import price continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 92% m-o-m. The import price peaked in March 2022.
Average prices varied noticeably amongst the major supplying countries. In March 2022, the highest price was recorded for prices from India ($169 per unit) and Japan ($169 per unit), while the price for China ($169 per unit) and Thailand ($169 per unit) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Truck and Bus Tyre in Indonesia (FOB) - 2022
In March 2022, the average truck and bus tyre export price amounted to $171 per unit, approximately reflecting the previous month. Over the period under review, export price indicated a noticeable expansion from March 2021 to March 2022: its price increased at an average monthly rate of +4.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, truck and bus tyre export price increased by +80.2% against December 2021 indices. The pace of growth appeared the most rapid in February 2022 when the average export price increased by 72% against the previous month. As a result, the export price attained the peak level of $171 per unit, leveling off in the following month.
Average prices varied noticeably for the major export markets. In March 2022, the countries with the highest prices were the Philippines ($171 per unit) and Australia ($171 per unit), while the average price for exports to South Korea ($171 per unit) and Italy ($171 per unit) were amongst the lowest.
From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Truck and Bus Tyre in Indonesia
Truck and bus tyre imports into Indonesia shrank dramatically to 1.2M units in 2022, with a decrease of -17.6% on the year before. Overall, imports saw a perceptible slump. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of 1.5M units, and then dropped dramatically in the following year.
In value terms, truck and bus tyre imports skyrocketed to $336M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Truck and Bus Tyre in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 91.0 | 98.6 | 149 | 187 | 27.1% |
| Thailand | 62.2 | 36.3 | 53.5 | 67.1 | 2.6% |
| India | 25.7 | 24.8 | 27.5 | 51.8 | 26.3% |
| Japan | 10.5 | 8.9 | 12.6 | 16.0 | 15.1% |
| Vietnam | 3.9 | 4.4 | 2.8 | 4.6 | 5.7% |
| Others | 11.5 | 10.2 | 7.5 | 9.8 | -5.2% |
| Total | 205 | 183 | 253 | 336 | 17.9% |
Top Suppliers of Truck and Bus Tyre to Indonesia in 2022:
- China (641.7K units)
- India (249.9K units)
- Thailand (236.7K units)
- Japan (49.7K units)
- Vietnam (17.5K units)
Exports of Truck and Bus Tyre in Indonesia
In 2022, overseas shipments of tyres for buses or lorries decreased by -29.3% to 361K units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 with an increase of 7.1% against the previous year. As a result, the exports reached the peak of 598K units. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, truck and bus tyre exports shrank modestly to $85M in 2022. In general, exports recorded a mild slump. The growth pace was the most rapid in 2021 with an increase of 2.5% against the previous year. The exports peaked at $88M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Truck and Bus Tyre in Indonesia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 13.7 | 7.2 | 10.9 | 9.9 | -10.3% |
| Australia | 5.2 | 5.9 | 6.9 | 5.2 | 0.0% |
| Poland | 2.9 | 3.4 | 4.4 | 4.2 | 13.1% |
| United States | 7.1 | 13.3 | 5.1 | 4.0 | -17.4% |
| United Kingdom | 4.7 | 4.4 | 4.2 | 4.0 | -5.2% |
| Italy | 2.7 | 2.8 | 3.3 | 2.3 | -5.2% |
| Sweden | 0.7 | 1.3 | 1.7 | 2.2 | 46.5% |
| France | 1.3 | 1.0 | 1.4 | 1.9 | 13.5% |
| Canada | 1.6 | 2.0 | 1.9 | 1.4 | -4.4% |
| Thailand | 2.4 | 2.6 | 1.0 | 1.4 | -16.4% |
| Latvia | 0.5 | 0.4 | 0.6 | 1.2 | 33.9% |
| Kyrgyzstan | 0.8 | 1.0 | 1.1 | 1.0 | 7.7% |
| South Africa | 0.4 | 0.4 | 0.2 | 0.3 | -9.1% |
| Others | 44.3 | 39.6 | 44.8 | 45.9 | 1.2% |
| Total | 88.3 | 85.4 | 87.5 | 84.9 | -1.3% |
Top Export Markets for Truck and Bus Tyre from Indonesia in 2022:
- Philippines (39.1K units)
- Poland (23.6K units)
- Australia (22.1K units)
- United States (15.7K units)
- Kyrgyzstan (13.7K units)
- Canada (12.7K units)
- Sweden (12.1K units)
- United Kingdom (11.6K units)
- France (10.5K units)
- Italy (9.8K units)
- South Africa (7.4K units)
- Latvia (6.8K units)
- Thailand (6.5K units)
This report provides an in-depth analysis of the market for truck and bus tyre in Indonesia. 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:
- Indonesia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Indonesia
- 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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