Greece: Motorcycle Tire Market Overview 2021

Motorcycle Tire Market Size in Greece

For the third year in a row, the Greek motorcycle tire market recorded decline in sales value, which decreased by -X% to $X in 2019. In general, consumption, however, showed a slight shrinkage. The growth pace was the most rapid in 2016 when the market value increased by X% against the previous year. Motorcycle tire consumption peaked at $X in 2007; however, from 2008 to 2019, consumption remained at a lower figure.

Motorcycle Tire Exports

Exports from Greece

In 2019, motorcycle tire exports from Greece surged to X units, jumping by X% against the previous year. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Exports peaked at X units in 2011; however, from 2012 to 2019, exports remained at a lower figure.

In value terms, motorcycle tire exports rose notably to $X in 2019. Over the period under review, exports enjoyed a buoyant increase. The growth pace was the most rapid in 2010 when exports increased by X% y-o-y. Exports peaked at $X in 2014; however, from 2015 to 2019, exports remained at a lower figure.

Exports by Country

Albania (X units) was the main destination for motorcycle tire exports from Greece, accounting for a X% share of total exports. Moreover, motorcycle tire exports to Albania exceeded the volume sent to the second major destination, Cyprus (X units), fivefold. Romania (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2019, the average annual growth rate 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 Romania (+X% per year).

In value terms, Cyprus ($X), Germany ($X) and Albania ($X) constituted the largest markets for motorcycle tire exported from Greece worldwide, with a combined X% share of total exports. Romania, Slovenia and Macedonia lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Romania 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

The average motorcycle tire export price stood at $X per unit in 2019, waning by -X% against the previous year. Overall, the export price, however, continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per unit. From 2017 to 2019, the growth in terms of the average export prices remained at a somewhat 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 2019, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia, while the prices for the other major destinations experienced more modest paces of growth.

Motorcycle Tire Imports

Imports into Greece

In 2019, after two years of decline, there was significant growth in overseas purchases of tyres for motor cycles or bicycles, when their volume increased by X% to X units. Overall, imports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when imports increased by X% year-to-year. Imports peaked at X units in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

In value terms, motorcycle tire imports reduced to $X in 2019. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X% year-to-year. As a result, imports attained the peak of $X. From 2014 to 2019, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2019, China (X units) constituted the largest supplier of motorcycle tire to Greece, accounting for a X% share of total imports. Moreover, motorcycle tire imports from China exceeded the figures recorded by the second-largest supplier, Viet Nam (X units), threefold. The third position in this ranking was occupied by Serbia (X units), with a X% share.

From 2007 to 2019, the average annual growth rate of volume from China stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Viet Nam (-X% per year) and Serbia (+X% per year).

In value terms, Serbia ($X), France ($X) and China ($X) were the largest motorcycle tire suppliers to Greece, with a combined X% share of total imports.

Serbia saw the highest growth rate of 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 2019, the average motorcycle tire import price amounted to $X per unit, falling by -X% against the previous year. Over the period under review, import price indicated a moderate expansion from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, motorcycle tire import price increased by +X% against 2016 indices. The growth pace was the most rapid in 2018 when the average import price increased by X% year-to-year. As a result, import price attained the peak level of $X per unit, and then declined markedly in the following year.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Viet Nam, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

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

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The countries with the highest volumes of motorcycle tire consumption in 2019 were China (245M units), India (194M units) and the U.S. (73M units), together accounting for 51% of global consumption. Iran, Indonesia, Brazil, Germany, Turkey, the UK, Viet Nam, Mexico and Thailand lagged somewhat behind, together comprising a further 26%.

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

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The countries with the highest volumes of motorcycle tire production in 2019 were China (385M units), India (215M units) and Iran (66M units), together accounting for 64% of global production.

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

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In value terms, the largest motorcycle tire suppliers to Greece were Serbia ($2.2M), France ($1.9M) and China ($1.3M), together comprising 43% of total imports.

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

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In value terms, the largest markets for motorcycle tire exported from Greece were Cyprus ($38K), Germany ($33K) and Albania ($26K), with a combined 85% share of total exports. Romania, Slovenia and Macedonia lagged somewhat behind, together accounting for a further 15%.

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

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The average motorcycle tire export price stood at $6.4 per unit in 2019, with a decrease of -3.3% against the previous year.

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

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In 2019, the average motorcycle tire import price amounted to $11 per unit, which is down by -21.1% against the previous year.