MERCOSUR: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in MERCOSUR

The MERCOSUR truck and bus tyre market rose rapidly to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, saw a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Tyres For Buses Or Lorries in MERCOSUR

In value terms, truck and bus tyre production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports in MERCOSUR

Truck and bus tyre exports soared to X units in 2022, with an increase of X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, truck and bus tyre exports soared to $X in 2022. Over the period under review, exports, however, saw a slight decline. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil represented the key exporter of tyres for buses or lorries in MERCOSUR, with the volume of exports recording X units, which was near X% of total exports in 2022. Colombia (X units) ranks second in terms of the total exports with a X% share, followed by Peru (X%) and Ecuador (X%).

Brazil was also the fastest-growing in terms of the tyres for buses or lorries exports, with a CAGR of X% from 2012 to 2022. At the same time, Colombia (X%) and Ecuador (X%) displayed positive paces of growth. By contrast, Peru (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Peru (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest truck and bus tyre supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports. It was followed by Ecuador, with a X% share.

In Brazil, truck and bus tyre exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, showed a perceptible decrease. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Brazil ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced a decline in the export price figures.

Imports of Tyres For Buses Or Lorries

Imports in MERCOSUR

Truck and bus tyre imports rose sharply to X units in 2022, growing by X% against 2021 figures. Total imports indicated a tangible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, truck and bus tyre imports surged to $X in 2022. Over the period under review, imports, however, continue to indicate a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Brazil (X units), distantly followed by Peru (X units), Chile (X units), Colombia (X units), Argentina (X units) and Paraguay (X units) were the largest importers of tyres for buses or lorries, together mixing up X% of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Paraguay (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X) constitutes the largest market for imported tyres for buses or lorries in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Colombia ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, showed a perceptible downturn. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Argentina ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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