Asia-Pacific: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Asia-Pacific

The Asia-Pacific market for tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Asia-Pacific

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of X%. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth remained at a lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in Asia-Pacific

After two years of growth, overseas shipments of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by X% to X units in 2022. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then declined modestly in the following year.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached $X in 2022. Total exports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs in 2022 and are likely to continue growth in years to come.

Exports by Country

China represented the key exporting country with an export of about X units, which amounted to X% of total exports. India (X units) ranks second in terms of the total exports with a X% share, followed by Japan (X%), Taiwan (Chinese) (X%) and Thailand (X%). The following exporters - Sri Lanka (X units) and Vietnam (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles. At the same time, Vietnam (X%), Japan (X%), India (X%), Taiwan (Chinese) (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Sri Lanka experienced a relatively flat trend pattern. India (X p.p.), Japan (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and India ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Thailand, Vietnam, Sri Lanka and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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 Japan ($X per unit), while Taiwan (Chinese) ($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 mixed trends in the export price figures.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in Asia-Pacific

In 2022, overseas purchases of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports posted prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles surged to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; afterwards, it flattened through to 2022.

Imports by Country

In 2022, Australia (X units), followed by China (X units), the Philippines (X units), Indonesia (X units), Vietnam (X units), Malaysia (X units) and Taiwan (Chinese) (X units) represented the largest importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles, together generating X% of total imports. New Zealand (X units), India (X units), South Korea (X units), Japan (X units), Pakistan (X units) and Thailand (X units) took a minor share of total imports.

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

In value terms, Australia ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Australia was relatively modest. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, remaining constant against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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