Greece: Overview of the Market for Tyres for Motorcycles or Bicycles 2021

Market Size for Tyres for Motorcycles or Bicycles in Greece

The Greek motorcycle or bicycle tire market totaled $X in 2020, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the market value increased by X% y-o-y. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2020, consumption stood at a somewhat lower figure.

Exports of Tyres for Motorcycles or Bicycles

Exports from Greece

In 2020, approx. X units of tyres for motorcycles or bicycles were exported from Greece; with an increase of X% compared with 2019 figures. Overall, exports showed a mild increase. The pace of growth was the most pronounced in 2010 when exports increased by X% against the previous year. As a result, exports reached the peak of X units. from 2011 to 2020, the growth exports failed to regain the momentum.

In value terms, motorcycle or bicycle tire exports dropped rapidly to $X in 2020. Over the period under review, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2010 with an increase of X% against the previous year. Exports peaked at $X in 2019, and then dropped remarkably in the following year.

Exports by Country

Albania (X units) was the main destination for motorcycle or bicycle tire exports from Greece, with a X% share of total exports. Moreover, motorcycle or bicycle tire exports to Albania exceeded the volume sent to the second major destination, Cyprus (X units), sevenfold. The third position in this ranking was occupied by North Macedonia (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Albania amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (+X% per year) and North Macedonia (+X% per year).

In value terms, Cyprus ($X), Germany ($X) and Albania ($X) appeared to be the largest markets for motorcycle or bicycle tire exported from Greece worldwide, together accounting for X% of total exports.

Cyprus recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle or bicycle tire export price stood at $X per unit in 2020, with a decrease of -X% against the previous year. Over the period under review, the export price, however, saw a resilient increase. The pace of growth appeared the most rapid in 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the average price for exports to Albania ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus, while the prices for the other major destinations experienced a decline.

Imports of Tyres for Motorcycles or Bicycles

Imports into Greece

In 2020, purchases abroad of tyres for motorcycles or bicycles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, imports hit record highs at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tire imports reduced to $X in 2020. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2020, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Viet Nam (X units) and India (X units) were the main suppliers of motorcycle or bicycle tire imports to Greece, together accounting for X% of total imports. These countries were followed by Serbia, Sri Lanka, Indonesia, Germany, France, Slovenia, Bulgaria, Taiwan (Chinese), Italy and Thailand, which together accounted for a further X 2007 to 2020, the biggest increases were in Bulgaria (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle or bicycle tire suppliers to Greece were Serbia ($X), France ($X) and Indonesia ($X), together comprising X% of total imports. These countries were followed by China, Italy, Slovenia, Viet Nam, Germany, Taiwan (Chinese), Thailand, India, Bulgaria and Sri Lanka, which together accounted for a further X (+X% per year) recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2020, the average motorcycle or bicycle tire import price amounted to $X per unit, falling by -X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. from 2014 to 2020, the growth in terms of the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per unit), while the price for Sri Lanka ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for motorcycles or bicycles in the world?

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China (161M units) constituted the country with the largest volume of motorcycle or bicycle tire consumption, comprising approx. 21% of total volume. Moreover, motorcycle or bicycle tire consumption in China exceeded the figures recorded by the second-largest consumer, the U.S. (69M units), twofold. India (61M units) ranked third in terms of total consumption with a 8.2% share.

What are the largest producers of tyres for motorcycles or bicycles in the world?

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The country with the largest volume of motorcycle or bicycle tire production was China (303M units), comprising approx. 40% of total volume. Moreover, motorcycle or bicycle tire production in China exceeded the figures recorded by the second-largest producer, India (81M units), fourfold. The third position in this ranking was occupied by the U.S. (55M units), with a 7.3% share.

What are the leading suppliers of tyres for motorcycles or bicycles to Greece?

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In value terms, Serbia ($2.1M), France ($1.7M) and Indonesia ($1.6M) constituted the largest motorcycle or bicycle tire suppliers to Greece, together accounting for 43% of total imports. These countries were followed by China, Italy, Slovenia, Viet Nam, Germany, Taiwan (Chinese), Thailand, India, Bulgaria and Sri Lanka, which together accounted for a further 53%.

What are the leading importers of tyres for motorcycles or bicycles from Greece?

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In value terms, Cyprus ($52K), Germany ($32K) and Albania ($17K) constituted the largest markets for motorcycle or bicycle tire exported from Greece worldwide, with a combined 67% share of total exports.

What is the average export price for tyres for motorcycles or bicycles in Greece?

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The average motorcycle or bicycle tire export price stood at $6.2 per unit in 2020, which is down by -55.2% against the previous year.

What is the average import price for tyres for motorcycles or bicycles in Greece?

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In 2020, the average motorcycle or bicycle tire import price amounted to $8.1 per unit, with a decrease of -4% against the previous year.