Asia: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Asia

The Asian retreaded pneumatic tyre market fell to $X in 2022, remaining stable against the previous year. Overall, consumption, however, saw a mild contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Retreaded Pneumatic Tyre Production in Asia

In value terms, retreaded pneumatic tyre production shrank slightly to $X in 2022 estimated in export price. In general, production saw a mild shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in Asia

Retreaded pneumatic tyre exports contracted dramatically to X units in 2022, reducing by X% on the year before. In general, exports saw a deep slump. The growth pace was the most rapid in 2021 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, retreaded pneumatic tyre exports expanded rapidly to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand was the largest exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Malaysia (X units), China (X units) and Hong Kong SAR (X units), together making up a X% share of total exports. India (X units), Israel (X units), Singapore (X units), South Korea (X units), Myanmar (X units), Japan (X units), Taiwan (Chinese) (X units) and the Philippines (X units) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to retreaded pneumatic tyre exports from Thailand stood at X%. At the same time, Myanmar (X%), the Philippines (X%), Israel (X%) and India (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Japan and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Malaysia (X%), Hong Kong SAR (X%), South Korea (X%), Singapore (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Malaysia, India, Israel, Myanmar and the Philippines increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest retreaded pneumatic tyre supplying countries in Asia were Thailand ($X), Hong Kong SAR ($X) and Japan ($X), together comprising X% of total exports. The Philippines, China, South Korea, India, Malaysia, Singapore, Israel, Taiwan (Chinese) and Myanmar lagged somewhat behind, together comprising a further X%.

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

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 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 ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Retreaded Pneumatic Tyre Imports

Imports in Asia

In 2022, overseas purchases of retreaded pneumatic tyres decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. In general, imports, however, continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then contracted in the following year.

In value terms, retreaded pneumatic tyre imports dropped to $X in 2022. Overall, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Afghanistan dominates imports structure, reaching X units, which was approx. X% of total imports in 2022. Malaysia (X units) followed a long way behind the leaders.

Afghanistan was also the fastest-growing in terms of the retreaded pneumatic tyres imports, with a CAGR of X% from 2012 to 2022. Malaysia (X%) illustrated a downward trend over the same period. While the share of Afghanistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics.

In value terms, Afghanistan ($X) constitutes the largest market for imported retreaded pneumatic tyres in Asia, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports.

In Afghanistan, retreaded pneumatic tyre imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, dropping by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Afghanistan ($X per unit), while Malaysia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%).

Source: IndexBox Platform