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U.S. - Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAgricultural, Construction and Industrial Machinery Tyre Prices in the United States
U.S. Agricultural, Construction and Industrial Machinery Tyre Import Price in June 2022
In June 2022, the agricultural, construction and industrial machinery tyre price amounted to $53 per unit (CIF, US), approximately reflecting the previous month. Over the period from January 2022 to June 2022, it increased at an average monthly rate of +1.5%. The pace of growth was the most pronounced in March 2022 an increase of 14% month-to-month. The import price peaked in June 2022.
There were significant differences in the average prices amongst the major supplying countries. In June 2022, the country with the highest price was India ($205 per unit), while the price for China ($28 per unit) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Agricultural, Construction and Industrial Machinery Tyre Import Prices by Type
Prices varied noticeably by the product type; the product with the highest price was new pneumatic tyres used on construction, mining or industrial handling vehicles and machines ($344 per unit), while the price for new pneumatic tyres other than used on agricultural, forestry, construction, mining or industrial vehicles, motor cars, buses, lorries, aircraft, motorcycles and bicycles ($29 per unit) was amongst the lowest.
From January 2022 to June 2022, the most notable rate of growth in terms of prices was attained by new pneumatic tyres other than used on agricultural, forestry, construction, mining or industrial vehicles, motor cars, buses, lorries, aircraft, motorcycles and bicycles (+1.3%), while the prices for the other products experienced a decline.
U.S. Agricultural, Construction and Industrial Machinery Tyre Imports
After three months of growth, overseas purchases of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -10.7% to 4.6M units in June 2022. The total import volume increased at an average monthly rate of +1.7% from January 2022 to June 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in April 2022 when imports increased by 14% against the previous month. Imports peaked at 5.1M units in May 2022, and then contracted in the following month.
In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced to $240M (IndexBox estimates) in June 2022. The total import value increased at an average monthly rate of +3.2% from January 2022 to June 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in March 2022 when imports increased by 20% m-o-m. Imports peaked at 268M units in May 2022, and then contracted in the following month.
U.S. Agricultural, Construction and Industrial Machinery Tyre Imports by Type
In June 2022, new pneumatic tyres other than used on agricultural, forestry, construction, mining or industrial vehicles, motor cars, buses, lorries, aircraft, motorcycles and bicycles (3.9M units) constituted the largest type of agricultural, construction and industrial machinery tyre supplied to the United States, with a 86% share of total imports. Moreover, new pneumatic tyres other than used on agricultural, forestry, construction, mining or industrial vehicles, motor cars, buses, lorries, aircraft, motorcycles and bicycles exceeded the figures recorded for the second-largest type, new pneumatic tyres used on agricultural or forestry vehicles and machines (412K units), tenfold.
From January 2022 to June 2022, the average monthly growth rate of the volume of import of new pneumatic tyres other than used on agricultural, forestry, construction, mining or industrial vehicles, motor cars, buses, lorries, aircraft, motorcycles and bicycles totaled +1.1%. With regard to the other supplied products, the following average monthly rates of growth were recorded: new pneumatic tyres used on agricultural or forestry vehicles and machines (+7.1% per month) and new pneumatic tyres used on construction, mining or industrial handling vehicles and machines (+4.9% per month).
In value terms, the most traded types of tyres for agriculture, forestry, construction, industry and other off the road vehicles in the United States were new pneumatic tyres other than used on agricultural, forestry, construction, mining or industrial vehicles, motor cars, buses, lorries, aircraft, motorcycles and bicycles ($116M), new pneumatic tyres used on construction, mining or industrial handling vehicles and machines ($78M) and new pneumatic tyres used on agricultural or forestry vehicles and machines ($47M).
U.S. Agricultural, Construction and Industrial Machinery Tyre Imports by Country
In June 2022, China (3.3M units) constituted the largest supplier of agricultural, construction and industrial machinery tyre to the United States, accounting for a 73% share of total imports. Moreover, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from China exceeded the figures recorded by the second-largest supplier, Thailand (403K units), eightfold. The third position in this ranking was held by Taiwan (Chinese) (254K units), with a 5.6% share.
From January 2022 to June 2022, the average monthly growth rate of volume from China stood at +2.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Thailand (+4.1% per month) and Taiwan (Chinese) (-6.1% per month).
In value terms, China ($91M) constituted the largest supplier of agricultural, construction and industrial machinery tyre to the United States, comprising 38% of total imports. The second position in the ranking was held by India ($44M), with an 18% share of total imports. It was followed by Thailand, with an 8.4% share.
From January 2022 to June 2022, the average monthly rate of growth in terms of value from China totaled +3.9%. The remaining supplying countries recorded the following average monthly rates of imports growth: India (+5.9% per month) and Thailand (+7.0% per month).
This report provides an in-depth analysis of the market for agricultural, construction and industrial machinery tyre in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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