U.S. - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTyre Price in the United States - 2023
Contents:
- Tyre Price in the United States (CIF) - 2022
- Tyre Price in the United States (FOB) - 2022
- Tyre Imports in the United States
- Tyre Exports in the United States
Tyre Price in the United States (CIF) - 2022
The average tyre import price stood at $66 per unit in 2022, surging by 16% against the previous year. Over the period under review, the import price, however, saw a mild descent. The import price peaked at $73 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($100 per unit), while the price for Taiwan (Chinese) ($28 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Tyre Price in the United States (FOB) - 2022
In 2022, the average tyre export price amounted to $134 per unit, reducing by -8.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2015 an increase of 9.9%. Over the period under review, the average export prices reached the maximum at $147 per unit in 2021, and then shrank in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($399 per unit), while the average price for exports to South Korea ($83 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Tyre Imports in the United States
In 2022, imports of tyres into the United States totaled 282M units, with an increase of 3.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, tyre imports soared to $18.7B in 2022. The total import value increased at an average annual rate of +6.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Tyre in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 2,985 | 2,783 | 3,019 | 3,504 | 5.5% |
| Mexico | 1,064 | 1,025 | 1,518 | 1,810 | 19.4% |
| Japan | 1,323 | 1,026 | 1,162 | 1,588 | 6.3% |
| Canada | 1,586 | 1,285 | 1,651 | 1,553 | -0.7% |
| China | 1,267 | 952 | 1,162 | 1,229 | -1.0% |
| Vietnam | 665 | 740 | 913 | 1,228 | 22.7% |
| South Korea | 1,441 | 1,145 | 964 | 1,147 | -7.3% |
| Indonesia | 701 | 632 | 799 | 1,069 | 15.1% |
| Brazil | 435 | 291 | 397 | 425 | -0.8% |
| Chile | 314 | 218 | 321 | 377 | 6.3% |
| Taiwan (Chinese) | 509 | 559 | 340 | 322 | -14.2% |
| Philippines | 183 | 132 | 196 | 279 | 15.1% |
| Malaysia | 87.0 | 126 | 168 | 248 | 41.8% |
| Others | 2,917 | 2,265 | 3,014 | 3,918 | 10.3% |
| Total | 15,476 | 13,178 | 15,623 | 18,697 | 6.5% |
Top Suppliers of Tyre to the United States in 2022:
- Thailand (53.0M units)
- China (38.6M units)
- Mexico (24.4M units)
- Vietnam (22.0M units)
- Indonesia (21.8M units)
- South Korea (18.7M units)
- Canada (16.9M units)
- Japan (15.9M units)
- Taiwan (Chinese) (11.5M units)
- Chile (6.5M units)
- Philippines (6.0M units)
- Brazil (5.2M units)
- Malaysia (4.4M units)
Tyre Exports in the United States
In 2022, approx. 31M units of tyres were exported from the United States; therefore, remained relatively stable against the previous year. Over the period under review, exports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2021 with an increase of 3.6%. The exports peaked at 39M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, tyre exports fell to $4.2B in 2022. Overall, exports, however, saw a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 13%. The exports peaked at $5B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Tyre in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,567 | 1,145 | 1,313 | 1,556 | -0.2% |
| Canada | 1,677 | 1,359 | 1,618 | 1,520 | -3.2% |
| Australia | 353 | 344 | 331 | 178 | -20.4% |
| Germany | 167 | 123 | 172 | 167 | 0.0% |
| South Korea | 63.8 | 70.0 | 54.8 | 50.6 | -7.4% |
| Others | 1,147 | 958 | 1,023 | 680 | -16.0% |
| Total | 4,975 | 3,998 | 4,512 | 4,152 | -5.8% |
Top Export Markets for Tyre from the United States in 2022:
- Canada (14.2M units)
- Mexico (11.0M units)
- Germany (1.5M units)
- South Korea (0.6M units)
- Australia (0.4M units)
This report provides an in-depth analysis of the tyre market 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 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
- 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
- Prodcom 22111370 - New pneumatic rubber tyres for aircraft
- Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
- Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber
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.
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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
-
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
-
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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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.
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