South-Eastern Asia: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in South-Eastern Asia

In 2022, the Southeast Asian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by X% to $X, rising for the sixth consecutive year after three years of decline. In general, consumption, however, recorded a noticeable reduction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in South-Eastern Asia

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production of growth failed to regain momentum.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of tyres for agriculture, forestry, construction, industry and other off the road vehicles, when their volume decreased by X% to X units. Total exports indicated a noticeable 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, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then dropped in the following year.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose markedly to $X in 2022. Overall, exports, however, saw notable growth. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Thailand was the main exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in South-Eastern Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Vietnam (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (X%).

Exports from Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Vietnam (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Thailand (X p.p.) displayed negative dynamics.

In value terms, the largest agricultural, construction and industrial machinery tyre supplying countries in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), together accounting for X% of total exports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. In general, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in South-Eastern Asia

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles imported in South-Eastern Asia skyrocketed to X units, surging by X% on 2021. Over the period under review, imports continue to indicate measured growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The Philippines (X units) and Indonesia (X units) represented roughly X% of total imports in 2022. Vietnam (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%) and Thailand (X%). Singapore (X units) and Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Vietnam ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Indonesia stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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