Southern 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 Southern Asia

The South Asian market for tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded significantly to $X in 2022, with an increase of X% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in Southern Asia

After six years of growth, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by X% to X units in 2022. In general, exports, however, posted a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached $X in 2022. Over the period under review, exports, however, saw resilient growth. The growth pace was 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 reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

India was the main exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Southern Asia, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Sri Lanka (X units), generating a X% share of total exports. Pakistan (X units) took a minor share of total exports.

India was also the fastest-growing in terms of the tyres for agriculture, forestry, construction, industry and other off the road vehicles exports, with a CAGR of X% from 2012 to 2022. At the same time, Pakistan (X%) displayed positive paces of growth. Sri Lanka experienced a relatively flat trend pattern. India (X p.p.) significantly strengthened its position in terms of the total exports, while Sri Lanka saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest agricultural, construction and industrial machinery tyre supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Pakistan (X% per year).

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood 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 India ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (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 Southern Asia

In 2022, overseas purchases of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by X% to X units, rising for the second year in a row after three years of decline. Total imports indicated a strong increase 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles skyrocketed to $X in 2022. Total imports indicated a measured expansion from 2012 to 2022: its value 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, India (X units) and Pakistan (X units) were the key importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Southern Asia, together recording approx. X% of total imports. It was distantly followed by Nepal (X units), Afghanistan (X units), Maldives (X units) and Sri Lanka (X units), together achieving a X% share of total imports. Bangladesh (X units) took a little share of total imports.

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

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

From 2012 to 2022, the average annual growth rate of value in India totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and Nepal (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a noticeable decline. The growth pace was the most rapid in 2019 an increase of X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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