Tyre Market

Tyre market: enjoy new facts and figures powered by an Ai-driven business intelligence platform. Data include exports, trade, consumption, market prices, production, companies, market size, and imports. There is a split by region, including Africa, EU, the Middle East, the U.S., the U.K., China, Latin America, and Russia. Market insights and forecast to 2030 are also provided in the dashboards.


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Tyre - World's Largest Markets

RatingCountry
1China
2United States
3India
4Japan
5Indonesia

In value terms, China, the United States and India were the countries with the highest levels of market value in 2020, with a combined 40% share of the global market. Japan, Indonesia, Russia, Brazil, France, the UK, Mexico, Turkey and Pakistan lagged somewhat behind, together accounting for a further 23%.

Among the main consuming countries, Japan saw the highest rates of growth with regard to market size, over the period under review, while tyre market for the other global leaders experienced more modest paces of growth.

Tyre Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Taiwan (Chinese)181816-4.7%
Indonesia2022238.9%
China292724-9.6%
Germany333231-2.8%
Thailand25413212.9%
Vietnam22303424.0%
Spain545549-4.7%
South Korea4646526.2%
Italy39385619.9%
Netherlands636760-2.6%
France5353617.0%
Japan57638219.5%
United States119111101-7.7%
Average3941401.4%

Prices varied noticeably by the country of origin; the country with the highest price was the United States ($101 per unit), while Taiwan (Chinese) ($16 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per unit
Canada6771691.3%
United States5763634.6%
Russia626560-1.7%
Belgium575656-1.5%
Germany4950522.6%
France4545461.1%
United Kingdom464646-0.5%
Netherlands4245431.0%
Mexico454243-2.1%
Italy4038411.2%
Japan3224388.4%
Spain393838-1.6%
Brazil272625-4.4%
Average4646482.5%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Canada ($69 per unit), while Brazil ($25 per unit) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced more modest paces of growth.

Tyre - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States141513-3.6%
Germany6.565.9-5.1%
France3.73.33.1-8.5%
Netherlands2.32.32.54.6%
Mexico2.72.52.4-4.6%

In value terms, the United States ($12.6B) constitutes the largest market for imported tyres worldwide, comprising 19% of global imports. The second position in the ranking was occupied by Germany ($5.9B), with a 8.8% share of global imports. It was followed by France, with a 4.6% share.

From 2018 to 2020, the average annual growth rate of value in the United States amounted to -3.6%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and France (-8.5% per year).

Tyre - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
China151413-6.7%
Germany5.55.34.9-5.7%
Japan5.45.54.2-12.0%
United States4.94.93.8-12.1%
South Korea3.93.82.8-14.9%

In value terms, China ($12.9B) remains the largest tyre supplier worldwide, comprising 22% of global exports. The second position in the ranking was occupied by Germany ($4.9B), with a 8.2% share of global exports. It was followed by Japan, with a 7% share.

In China, tyre exports shrank by an average annual rate of -6.7% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-5.7% per year) and Japan (-12.0% per year).

Tyre - Market Forecast

Driven by rising demand for tyre worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Tyre - Top Companies

Ape Indústria e Comércio Ltda, Agilent Technologies (Shanghai) Co., Ltd., Beijing Zhongxing Shitong Electronic Technology Co., Ltd., Shandong Energy Chongzhuang Group Dongyue Rubber & Plastic Co.,Ltd., Hunan Xiangtian Farming Machinery Co., Ltd., Kingstar Medical Products Co., Ltd., Henan Zhongke Explosion-Proof Machinery Co., Ltd., Xingtai Roll Small Cold Roller Co., Ltd., Zhongshan Langfeng Tourism Products Co., Ltd., Guizhou Ruidashiyouzhichengji Co., Ltd., Taizhou Culture & Education Paper Industry Co.,Ltd., Guangxi Guanghui Low-temperature Equipment Co.,Ltd., Siemens AG, Amplesky Communication Technologies Ltd., Shijiazhuang Zhengzhong Technology Co., Ltd., Zhangzhou Donglin Electronic Co., Ltd., SONY CORPORATION, PANASONIC CORPORATION, Ethicon Women's Health & Urology Sàrl, Medos Sàrl

Tyre - Product Coverage

  • HS 401110 - Rubber; new pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)
  • HS 401120 - Rubber; new pneumatic tyres, of a kind used on buses or lorries
  • HS 401130 - Rubber; new pneumatic tyres, of a kind used on aircraft
  • HS 401140 - Rubber; new pneumatic tyres, of a kind used on motorcycles
  • HS 401150 - Rubber; new pneumatic tyres, of a kind used on bicycles
  • HS 401161 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on agricultural or forestry vehicles and machines
  • HS 401162 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61cm
  • HS 401163 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61cm
  • HS 401169 - Rubber; new pneumatic tyres having a herring-bone or similar tread, of a kind used on light industrial vehicles
  • HS 401192 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on agricultural or forestry vehicles and machines
  • HS 401193 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size not exceeding 61cm
  • HS 401194 - Rubber; new pneumatic tyres having other than a herring-bone or similar tread, of a kind used on construction or industrial handling vehicles and machines and having a rim size exceeding 61cm
  • HS 401170 - Rubber; new pneumatic tyres, of a kind used on agricultural or forestry vehicles and machines
  • HS 401180 - Rubber; new pneumatic tyres, of a kind used on construction, mining or industrial handling vehicles and machines
  • HS 401190 - Rubber; new pneumatic tyres, of a kind used on light commercial vehicles
  • HS 401199 - Rubber; new pneumatic tyres, (other than "e;herring bone"e; or similar tread)
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Australia and Oceania - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in Australia and Oceania.

World - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the global tyre market.

Africa - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in Africa.

Northern America - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in Northern America.

South-Eastern Asia - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in South-Eastern Asia.

Eastern Asia - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in Eastern Asia.

Latin America and the Caribbean - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in Latin America and the Caribbean.

Southern Asia - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in Southern Asia.

Central Asia - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in Central Asia.

Middle East - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the tyre market in the Middle East.

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