Motorcycle Tire Price in Australia - 2023
Contents:
- Motorcycle Tire Price in Australia (CIF) - 2023
- Motorcycle Tire Price in Australia (FOB) - 2022
- Motorcycle Tire Imports in Australia
- Motorcycle Tire Exports in Australia
Motorcycle Tire Price in Australia (CIF) - 2023
In September 2023, the average motorcycle tire import price amounted to $47.4 per unit, growing by 4.2% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in April 2023 an increase of 24% month-to-month. The import price peaked at $57.6 per unit in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($102 per unit), while the price for Thailand ($24.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+4.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Australia (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $167 per unit, increasing by 231% against the previous year. In general, the export price saw buoyant growth. The export price peaked at $330 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($835 per unit), while the average price for exports to China ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Australia
In 2022, approx. 659K units of new pneumatic tyres for motorcycles were imported into Australia; almost unchanged from the previous year's figure. The total import volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, motorcycle tire imports totaled $29M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +11.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 47% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Motorcycle Tire in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 4.8 | 4.1 | 6.3 | 5.0 | 1.4% |
| Indonesia | 1.5 | 1.4 | 2.6 | 3.7 | 35.1% |
| Thailand | 2.2 | 2.2 | 3.4 | 2.8 | 8.4% |
| China | 2.0 | 1.3 | 2.7 | 2.5 | 7.7% |
| Japan | 2.5 | 1.6 | 2.5 | 2.4 | -1.4% |
| Taiwan (Chinese) | 1.0 | 1.2 | 1.9 | 2.1 | 28.1% |
| Spain | 1.9 | 1.7 | 2.9 | 2.0 | 1.7% |
| Brazil | 1.9 | 1.3 | 1.5 | 1.6 | -5.6% |
| Serbia | N/A | 0.1 | 0.3 | 1.2 | 246.4% |
| United States | 0.9 | 1.4 | 0.3 | 0.6 | -12.6% |
| Others | 2.0 | 2.3 | 3.0 | 4.8 | 33.9% |
| Total | 20.7 | 18.6 | 27.4 | 28.6 | 11.4% |
Top Suppliers of Motorcycle Tire to Australia in 2022:
- Indonesia (144.3K units)
- China (74.3K units)
- Thailand (69.9K units)
- Serbia (65.2K units)
- Germany (59.9K units)
- Japan (54.0K units)
- Taiwan (Chinese) (51.1K units)
- Spain (30.5K units)
- Brazil (24.6K units)
- United States (6.3K units)
Motorcycle Tire Exports in Australia
Motorcycle tire exports from Australia contracted significantly to 1.1K units in 2022, dropping by -43.3% compared with 2021. In general, exports faced a sharp decline. The smallest decline of -30.3% was in 2021. Over the period under review, the exports attained the peak figure at 5.6K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, motorcycle tire exports soared to $184K in 2022. Overall, exports saw a dramatic shrinkage. Over the period under review, the exports reached the maximum at $1.8M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Motorcycle Tire in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 1,701 | 321 | 25.9 | 110 | -59.9% |
| Germany | 83.0 | N/A | N/A | 45.5 | -18.2% |
| Fiji | N/A | 4.0 | N/A | 18.4 | 114.5% |
| China | N/A | N/A | N/A | 4.0 | 0% |
| Papua New Guinea | N/A | 6.2 | 5.5 | 2.4 | -37.8% |
| Malaysia | N/A | 22.9 | 53.5 | N/A | 133.6% |
| France | N/A | 34.7 | N/A | N/A | 0% |
| Others | 65.8 | 10.9 | 12.9 | 4.1 | -60.4% |
| Total | 1,850 | 400 | 97.8 | 184 | -53.7% |
Top Export Markets for Motorcycle Tire from Australia in 2022:
- New Zealand (534.0 units)
- Germany (285.0 units)
- China (215.0 units)
- Papua New Guinea (33.0 units)
- Fiji (22.0 units)
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