U.S. - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Truck and Bus Tyre in the United States - 2023
Contents:
- Price for Truck and Bus Tyre in the United States (CIF) - 2023
- Price for Truck and Bus Tyre in the United States (FOB) - 2023
- Imports of Truck and Bus Tyre in the United States
- Exports of Truck and Bus Tyre in the United States
Price for Truck and Bus Tyre in the United States (CIF) - 2023
In August 2023, the average truck and bus tyre import price amounted to $121 per unit, falling by -1.6% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 3.3% against the previous month. As a result, import price attained the peak level of $129 per unit. From February 2023 to August 2023, the average 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 Japan ($186 per unit), while the price for the Philippines ($55.3 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 Cambodia (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Truck and Bus Tyre in the United States (FOB) - 2023
The average truck and bus tyre export price stood at $186 per unit in August 2023, shrinking by -6.2% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 when the average export price increased by 8.6% m-o-m. Over the period under review, the average export prices attained the maximum at $199 per unit in July 2023, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($253 per unit), while the average price for exports to Germany ($92.7 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 Australia (+0.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Truck and Bus Tyre in the United States
Truck and bus tyre imports into the United States surged to 59M units in 2022, increasing by 16% against the year before. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 24%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, truck and bus tyre imports soared to $6.9B in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Truck and Bus Tyre in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,250 | 1,192 | 1,479 | 1,993 | 16.8% |
| Canada | 769 | 706 | 862 | 856 | 3.6% |
| Japan | 511 | 412 | 504 | 791 | 15.7% |
| Vietnam | 222 | 310 | 465 | 724 | 48.3% |
| South Korea | 312 | 325 | 315 | 410 | 9.5% |
| China | 433 | 175 | 205 | 304 | -11.1% |
| Mexico | 152 | 161 | 247 | 263 | 20.1% |
| Brazil | 187 | 134 | 148 | 189 | 0.4% |
| Indonesia | 157 | 137 | 162 | 187 | 6.0% |
| Philippines | 28.9 | 28.1 | 80.7 | 106 | 54.2% |
| Others | 772 | 636 | 837 | 1,034 | 10.2% |
| Total | 4,792 | 4,217 | 5,306 | 6,858 | 12.7% |
Top Suppliers of Truck and Bus Tyre to the United States in 2022:
- Thailand (16.9M units)
- Vietnam (8.1M units)
- Canada (6.1M units)
- Japan (5.1M units)
- South Korea (3.3M units)
- China (3.2M units)
- Mexico (2.9M units)
- Indonesia (2.6M units)
- Philippines (1.8M units)
- Brazil (1.6M units)
Exports of Truck and Bus Tyre in the United States
In 2022, approx. 11M units of tyres for buses or lorries were exported from the United States; approximately reflecting the previous year's figure. In general, exports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 9.9%. Over the period under review, the exports reached the maximum at 12M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, truck and bus tyre exports amounted to $1.9B in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Truck and Bus Tyre in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 886 | 620 | 768 | 903 | 0.6% |
| Canada | 518 | 484 | 613 | 628 | 6.6% |
| Germany | 81.8 | 67.3 | 100 | 97.5 | 6.0% |
| Australia | 66.0 | 54.1 | 41.1 | 35.6 | -18.6% |
| Others | 181 | 153 | 186 | 198 | 3.0% |
| Total | 1,733 | 1,378 | 1,709 | 1,862 | 2.4% |
Top Export Markets for Truck and Bus Tyre from the United States in 2022:
- Canada (4.4M units)
- Mexico (3.9M units)
- Germany (1.0M units)
- Australia (0.3M units)
This report provides an in-depth analysis of the market for truck and bus tyre 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 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:
- 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.
-
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
-
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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U.S. purchases of bus and truck tyres from China shrank from $1.1B in 2011 to $0.2B in 2021, while imports from Thailand jumped from $0.4B to $1.5B over the last decade.
333
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2449
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In terms of value, imports of Passenger Car Tyre increased slightly to $862M in July 2023.
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In June 2023, the Seat price remained unchanged at $45.3 per unit (CIF, US), similar to the previous month.
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Explore the top import markets for truck and bus tyres globally, including key statistics and insights. Discover the leading countries driving the importation of these essential vehicle components.
1065
China dominates in the global tyres for buses or lorries trade. In 2014, CNTR exported X million units of tyres for buses or lorries totaling X billion USD, X% over the previous year. Its primary trading partner was the U.S., where it supplied X.
452
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.
2310
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
