U.S.: Market for Tyres For Buses Or Lorries 2022

Market Size for Tyres For Buses Or Lorries in the U.S.

The U.S. truck and bus tyre market was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Tyres For Buses Or Lorries in the U.S.

In value terms, truck and bus tyre production totaled $X in 2021. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Truck and bus tyre production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports from the U.S.

In 2021, after two years of decline, there was significant growth in shipments abroad of tyres for buses or lorries, when their volume increased by X% to X units. Overall, exports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, truck and bus tyre exports skyrocketed to $X in 2021. In general, exports, however, recorded a noticeable decrease. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units), Mexico (X units) and Germany (X units) were the main destinations of truck and bus tyre exports from the United States, with a combined X% share of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for truck and bus tyre exported from the United States were Mexico ($X), Canada ($X) and Germany ($X), together comprising X% of total exports.

In terms of the main countries of destination, Germany, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average truck and bus tyre export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+X%), while the prices for the other major destinations experienced a decline.

Imports of Tyres For Buses Or Lorries

Imports into the U.S.

In 2021, purchases abroad of tyres for buses or lorries increased by X% to X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 when imports increased by X%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, truck and bus tyre imports soared to $X in 2021. The total import value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Thailand (X units) constituted the largest truck and bus tyre supplier to the United States, with a X% share of total imports. Moreover, truck and bus tyre imports from Thailand exceeded the figures recorded by the second-largest supplier, Canada (X units), twofold. Vietnam (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (-X% per year) and Vietnam (+X% per year).

In value terms, the largest truck and bus tyre suppliers to the United States were Thailand ($X), Canada ($X) and Japan ($X), together accounting for X% of total imports. These countries were followed by Vietnam, South Korea, Mexico, China, Indonesia and Brazil, which together accounted for a further X the main suppliers, Indonesia, 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 2021, the average truck and bus tyre import price amounted to $X per unit, approximately equating the previous year. In general, the import price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform