China: Market for Tyres For Motorcycles or Bicycles 2022

Market Size for Tyres For Motorcycles or Bicycles in China

In 2021, the Chinese motorcycle or bicycle tyre market decreased by -X% to $X, falling for the third consecutive year after seven years of growth. Over the period under review, consumption saw a slight decline. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Tyres For Motorcycles or Bicycles in China

In value terms, motorcycle or bicycle tyre production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2013 when the production volume increased by X%. Motorcycle or bicycle tyre production peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports of Tyres For Motorcycles or Bicycles

Exports from China

For the third year in a row, China recorded growth in shipments abroad of tyres for motorcycles or bicycles, which increased by X% to X tons in 2021. In general, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, motorcycle or bicycle tyre exports soared to $X in 2021. Over the period under review, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +X% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X tons), Mexico (X tons) and Colombia (X tons) were the main destinations of motorcycle or bicycle tyre exports from China, with a combined X% share of total exports. These countries were followed by the United States, Ghana, the Philippines, Peru, Germany, Russia, Egypt, Italy, Tanzania and Guatemala, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Nigeria ($X) and Colombia ($X) constituted the largest markets for motorcycle or bicycle tyre exported from China worldwide, together accounting for X% of total exports. These countries were followed by the United States, Germany, Ghana, the Philippines, Peru, Italy, Russia, Guatemala, Tanzania and Egypt, which together accounted for a further X terms of the main countries of destination, Ghana, with a CAGR of +X%, saw 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

In 2021, the average motorcycle or bicycle tyre export price amounted to $X per ton, rising by X% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into China

For the third consecutive year, China recorded growth in supplies from abroad of tyres for motorcycles or bicycles, which increased by X% to X tons in 2021. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, motorcycle or bicycle tyre imports skyrocketed to $X in 2021. Overall, imports saw prominent growth. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

Taiwan (Chinese) (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of motorcycle or bicycle tyre imports to China, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle or bicycle tyre suppliers to China were Taiwan (Chinese) ($X), Thailand ($X) and Indonesia ($X), together accounting for X% of total imports. These countries were followed by Vietnam, Germany and Japan, which together accounted for a further X the main suppliers, Vietnam, 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 2021, the average motorcycle or bicycle tyre import price amounted to $X per ton, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per ton), while the price for Vietnam ($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 prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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