South-Eastern Asia: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in South-Eastern Asia

The Southeast Asian retreaded pneumatic tyre market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption saw a noticeable slump. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in South-Eastern Asia

In value terms, retreaded pneumatic tyre production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a slight shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in South-Eastern Asia

In 2022, exports of retreaded pneumatic tyres in South-Eastern Asia totaled X units, surging by X% compared with the year before. In general, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports shrank to $X in 2022. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand represented the main exporting country with an export of about X units, which amounted to X% of total exports. It was distantly followed by Malaysia (X units), committing a X% share of total exports. Singapore (X units), Myanmar (X units) and the Philippines (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to retreaded pneumatic tyre exports from Thailand stood at X%. At the same time, Myanmar (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.), Myanmar (X p.p.) and the Philippines (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest retreaded pneumatic tyre supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand stood at X%. In the other countries, the average annual rates were as follows: the Philippines (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat 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 the Philippines ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Retreaded Pneumatic Tyre Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of retreaded pneumatic tyres increased by X% to X units, rising for the second year in a row after four years of decline. In general, imports, however, saw a abrupt downturn. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports dropped modestly to $X in 2022. Over the period under review, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia was the main importing country with an import of about X units, which accounted for X% of total imports. The Philippines (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), Lao People's Democratic Republic (X%) and Singapore (X%). Cambodia (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to retreaded pneumatic tyre imports into Malaysia stood at X%. At the same time, Cambodia (X%), Lao People's Democratic Republic (X%), Indonesia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. While the share of the Philippines (X p.p.), Indonesia (X p.p.), Lao People's Democratic Republic (X p.p.) and Cambodia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported retreaded pneumatic tyres in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In Indonesia, retreaded pneumatic tyre imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Lao People's Democratic Republic (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, dropping by X% against the previous year. In general, the import price, however, posted a resilient increase. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then declined significantly in the following year.

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 ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform