Asia-Pacific: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Asia-Pacific

The Asia-Pacific motorcycle or bicycle tyre market rose modestly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Production of Tyres For Motorcycles or Bicycles in Asia-Pacific

In value terms, motorcycle or bicycle tyre production contracted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports in Asia-Pacific

After two years of growth, overseas shipments of tyres for motorcycles or bicycles decreased by X% to X units in 2022. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, motorcycle or bicycle tyre exports amounted to $X in 2022. Total exports indicated a measured 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 2016 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.

Exports by Country

China was the major exporting country with an export of about X units, which finished at X% of total exports. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by India (X%), Indonesia (X%), Vietnam (X%) and Taiwan (Chinese) (X%). Sri Lanka (X units) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of tyres for motorcycles or bicycles. At the same time, Vietnam (X%), Sri Lanka (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. Taiwan (Chinese) and India experienced a relatively flat trend pattern. By contrast, Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Indonesia 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 ($X) remains the largest motorcycle or bicycle tyre supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In China, motorcycle or bicycle tyre exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (X% per year) and Indonesia (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

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

Imports of Tyres For Motorcycles or Bicycles

Imports in Asia-Pacific

In 2022, purchases abroad of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, motorcycle or bicycle tyre imports rose notably to $X in 2022. Total imports indicated a measured 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, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, the Philippines (X units), Malaysia (X units), Cambodia (X units), Taiwan (Chinese) (X units), Japan (X units), China (X units) and Thailand (X units) represented the major importer of tyres for motorcycles or bicycles in Asia-Pacific, mixing up X% of total import. Bangladesh (X units), Vietnam (X units), Myanmar (X units), Australia (X units), South Korea (X units) and Nepal (X units) took a minor share of total imports.

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

In value terms, Japan ($X), Malaysia ($X) and Taiwan (Chinese) ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. China, Thailand, Australia, the Philippines, Cambodia, Vietnam, South Korea, Bangladesh, Nepal and Myanmar lagged somewhat behind, together accounting for a further X%.

The Philippines, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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

Source: IndexBox Platform

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