Asia: Market for Tyres For Motorcycles or Bicycles 2022

Market Size for Tyres For Motorcycles or Bicycles in Asia

For the third year in a row, the Asian motorcycle or bicycle tyre market recorded decline in sales value, which decreased by -X% to $X in 2021. Overall, consumption saw a pronounced setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Tyres For Motorcycles or Bicycles in Asia

In value terms, motorcycle or bicycle tyre production amounted to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Tyres For Motorcycles or Bicycles

Exports in Asia

For the third year in a row, Asia recorded growth in shipments abroad of tyres for motorcycles or bicycles, which increased by X% to X tons in 2021. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. The volume of export peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, motorcycle or bicycle tyre exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons) represented the main exporter of tyres for motorcycles or bicycles, constituting X% of total exports. Thailand (X tons) held the second position in the ranking, followed by Indonesia (X tons) and India (X tons). All these countries together held approx. X% share of total exports. The following exporters - Vietnam (X tons) and Japan (X tons) - each finished at a X% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to motorcycle or bicycle tyre exports from China stood at +X%. At the same time, India (+X%), Thailand (+X%) and Indonesia (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. Vietnam experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Vietnam (-X p.p.) and Japan (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest motorcycle or bicycle tyre supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

In China, motorcycle or bicycle tyre exports expanded at an average annual rate of +X% over the period from 2012-2021. 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

The export price in Asia stood at $X per ton in 2021, rising by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Vietnam ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the other leaders experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports in Asia

In 2021, approx. X tons of tyres for motorcycles or bicycles were imported in Asia; increasing by X% on the year before. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, motorcycle or bicycle tyre imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of motorcycle or bicycle tyre imports in 2021 were Japan (X tons), Taiwan (Chinese) (X tons), Cambodia (X tons), Turkey (X tons), Malaysia (X tons), the Philippines (X tons), China (X tons), Thailand (X tons), Yemen (X tons), Iraq (X tons), Indonesia (X tons) and Vietnam (X tons), together recording X% of total import. South Korea (X tons) held a little share of total imports.

From 2012 to 2021, the biggest increases were in Iraq (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 2021, together comprising X% of total imports. China, Cambodia, Thailand, the Philippines, Turkey, South Korea, Vietnam, Indonesia, Iraq and Yemen lagged somewhat behind, together comprising a further X, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, among 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 stood at $X per ton in 2021, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, 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.

Source: IndexBox Market Intelligence Platform

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