U.S.: Market for Tyres For Motorcycles or Bicycles 2022

Market Size for Tyres For Motorcycles or Bicycles in the U.S.

The U.S. motorcycle or bicycle tyre market declined notably to $X in 2021, dropping by -X% against the previous year. In general, consumption saw a relatively flat trend pattern. Motorcycle or bicycle tyre consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Production of Tyres For Motorcycles or Bicycles in the U.S.

In value terms, motorcycle or bicycle tyre production contracted significantly to $X in 2021. In general, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +X% against 2017 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Exports of Tyres For Motorcycles or Bicycles

Exports from the U.S.

In 2021, overseas shipments of tyres for motorcycles or bicycles decreased by -X% to X tons, falling for the fourth consecutive year after two years of growth. In general, exports saw a abrupt decrease. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre exports rose significantly to $X in 2021. The total export value increased at an average annual rate of +X% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Canada (X tons) was the main destination for motorcycle or bicycle tyre exports from the United States, accounting for a X% share of total exports. Moreover, motorcycle or bicycle tyre exports to Canada exceeded the volume sent to the second major destination, Luxembourg (X tons), more than tenfold. Thailand (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (-X% per year) and Thailand (+X% per year).

In value terms, Canada ($X) remains the key foreign market for motorcycle or bicycle tyre exports from the United States, comprising X% of total exports. The second position in the ranking was taken by Luxembourg ($X), with an X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Canada amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+X% per year) and Thailand (+X% per year).

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per ton in 2021, growing by X% against the previous year. Overall, the export price enjoyed resilient growth. The pace of growth was the most pronounced in 2020 an increase of X%. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Brazil ($X per ton), while the average price for exports to Haiti ($X per ton) was amongst the lowest.

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

Imports of Tyres For Motorcycles or Bicycles

Imports into the U.S.

In 2021, overseas purchases of tyres for motorcycles or bicycles were finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, faced a abrupt decrease. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, motorcycle or bicycle 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 consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Taiwan (Chinese) (X tons) and Thailand (X tons) were the main suppliers of motorcycle or bicycle tyre imports to the United States, with a combined X% share of total imports. Indonesia, Vietnam, Germany and Japan lagged somewhat behind, together accounting for a further X 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Taiwan (Chinese) ($X), Thailand ($X) and Germany ($X) appeared to be the largest motorcycle or bicycle tyre suppliers to the United States, together comprising X% of total imports. These countries were followed by China, Japan, Indonesia and Vietnam, which together accounted for a further X the main suppliers, Vietnam, 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

The average motorcycle or bicycle tyre import price stood at $X per ton in 2021, surging by X% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably countryorigin: the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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