Asia: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in Asia

In 2022, the Asian pneumatic tyre retreading machinery market decreased by X% to $X, falling for the second consecutive year after three years of growth. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in Asia

In value terms, pneumatic tyre retreading machinery production reduced to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports in Asia

In 2022, overseas shipments of machinery for moulding or retreading pneumatic tyres increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery exports dropped to $X in 2022. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Taiwan (Chinese) (X units), distantly followed by India (X units), South Korea (X units) and China (X units) were the largest exporters of machinery for moulding or retreading pneumatic tyres, together generating X% of total exports. Thailand (X units), Singapore (X units) and Japan (X units) held a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest pneumatic tyre retreading machinery supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price, however, showed a prominent expansion. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced more modest paces of growth.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports in Asia

In 2022, imports of machinery for moulding or retreading pneumatic tyres in Asia rose to X units, growing by X% on 2021. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery imports declined modestly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Cambodia represented the key importer of machinery for moulding or retreading pneumatic tyres in Asia, with the volume of imports recording X units, which was near X% of total imports in 2022. It was distantly followed by Malaysia (X units), the Philippines (X units), Indonesia (X units), Singapore (X units), India (X units) and Thailand (X units), together comprising a X% share of total imports.

Cambodia was also the fastest-growing in terms of the machinery for moulding or retreading pneumatic tyres imports, with a CAGR of X% from 2012 to 2022. At the same time, the Philippines (X%), Singapore (X%), Thailand (X%) and India (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Cambodia, the Philippines, Singapore and Thailand increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X), Cambodia ($X) and Thailand ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, which is down by X% against the previous year. Overall, the import price showed a mild descent. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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