New Zealand: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in New Zealand

In 2022, the New Zealand motorcycle or bicycle tyre market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value 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. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Exports of Tyres For Motorcycles or Bicycles

Exports from New Zealand

In 2022, overseas shipments of tyres for motorcycles or bicycles increased by X% to X units, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a perceptible increase. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre exports soared to $X in 2022. Overall, exports showed a mild expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X units) was the main destination for motorcycle or bicycle tyre exports from New Zealand, with a X% share of total exports. Moreover, motorcycle or bicycle tyre exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X units), twofold. French Polynesia (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (X% per year) and French Polynesia (X% per year).

In value terms, Australia ($X), Cook Islands ($X) and French Polynesia ($X) were the largest markets for motorcycle or bicycle tyre exported from New Zealand worldwide, with a combined X% share of total exports.

Among the main countries of destination, Australia, with a CAGR of X%, recorded 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 2022, the average motorcycle or bicycle tyre export price amounted to $X per unit, falling by X% against the previous year. Overall, the export price showed a pronounced reduction. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into New Zealand

In 2022, motorcycle or bicycle tyre imports into New Zealand declined to X units, waning by X% against 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then reduced in the following year.

In value terms, motorcycle or bicycle tyre imports reached $X in 2022. The total import value 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 most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Thailand (X units) were the main suppliers of motorcycle or bicycle tyre imports to New Zealand, with a combined X% share of total imports. Indonesia, Serbia, Vietnam, Japan, Germany and Brazil lagged somewhat behind, together accounting for a further X%.

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

In value terms, Taiwan (Chinese) ($X), China ($X) and Thailand ($X) appeared to be the largest motorcycle or bicycle tyre suppliers to New Zealand, together accounting for X% of total imports. Germany, Japan, Indonesia, Serbia, Vietnam and Brazil lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Serbia, with a CAGR of X%, saw the highest growth rate of 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 2022, the average motorcycle or bicycle tyre import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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