Motorcycle Tire Price in Brazil - 2023
Contents:
- Motorcycle Tire Price in Brazil (FOB) - 2023
- Motorcycle Tire Price in Brazil (CIF) - 2023
- Motorcycle Tire Exports in Brazil
- Motorcycle Tire Imports in Brazil
Motorcycle Tire Price in Brazil (FOB) - 2023
The average motorcycle tire export price stood at $26.7 per unit in October 2023, with a decrease of -5.6% against the previous month. Overall, the export price showed a mild decline. The pace of growth was the most pronounced in November 2022 when the average export price increased by 12% m-o-m. Over the period under review, the average export prices hit record highs at $35.7 per unit in December 2022; however, from January 2023 to October 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($55.8 per unit), while the average price for exports to Finland ($13.7 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Ecuador (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Price in Brazil (CIF) - 2023
In October 2023, the average motorcycle tire import price amounted to $17.8 per unit, reducing by -13% against the previous month. Over the period under review, the import price saw a pronounced downturn. The most prominent rate of growth was recorded in November 2022 an increase of 55% m-o-m. The import price peaked at $36.8 per unit in December 2022; however, from January 2023 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($75.3 per unit), while the price for Pakistan ($8.1 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Exports in Brazil
Motorcycle tire exports from Brazil declined to 1.7M units in 2022, which is down by -5.3% compared with the previous year's figure. Over the period under review, exports continue to indicate a deep slump. The smallest decline of -5% was in 2021. The exports peaked at 2.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, motorcycle tire exports surged to $50M in 2022. In general, exports recorded a relatively flat trend pattern. The exports peaked at $51M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Motorcycle Tire in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 10.4 | 6.5 | 5.4 | 9.5 | -3.0% |
United States | 4.7 | 7.0 | 7.2 | 8.7 | 22.8% |
Colombia | 4.1 | 4.1 | 6.4 | 6.8 | 18.4% |
Argentina | 2.6 | 4.3 | 3.8 | 4.7 | 21.8% |
Italy | 6.1 | 3.8 | 2.7 | 3.7 | -15.4% |
Paraguay | 2.4 | 2.0 | 2.4 | 2.7 | 4.0% |
Mexico | 1.3 | 0.9 | 0.9 | 2.4 | 22.7% |
Spain | 2.0 | 1.4 | 0.8 | 1.5 | -9.1% |
India | 2.6 | 0.4 | 0.3 | 0.8 | -32.5% |
Ecuador | 0.5 | 0.7 | 0.7 | 0.8 | 17.0% |
Bolivia | 0.5 | 0.3 | 0.6 | 0.6 | 6.3% |
Peru | 1.4 | 1.2 | 1.4 | 0.6 | -24.6% |
Uruguay | 0.5 | 0.5 | 0.5 | 0.6 | 6.3% |
Others | 11.7 | 7.8 | 6.0 | 6.0 | -20.0% |
Total | 50.9 | 41.0 | 39.0 | 49.5 | -0.9% |
Top Export Markets for Motorcycle Tire from Brazil in 2022:
- Colombia (278.9K units)
- Germany (236.8K units)
- Argentina (197.4K units)
- United States (188.0K units)
- Paraguay (160.4K units)
- Italy (123.4K units)
- Mexico (112.7K units)
- Spain (43.7K units)
- Uruguay (36.8K units)
- Ecuador (34.2K units)
- Bolivia (29.3K units)
- India (28.6K units)
- Peru (27.5K units)
Motorcycle Tire Imports in Brazil
Motorcycle tire imports into Brazil contracted to 1.2M units in 2022, which is down by -6.3% on the previous year's figure. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +10.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. As a result, imports attained the peak of 1.3M units, and then fell in the following year.
In value terms, motorcycle tire imports skyrocketed to $31M in 2022. Overall, imports, however, posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Motorcycle Tire in Brazil (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.3 | 2.7 | 2.5 | 5.2 | 31.2% |
Thailand | 1.8 | 2.1 | 2.3 | 4.6 | 36.7% |
Indonesia | 2.3 | 2.6 | 5.3 | 3.8 | 18.2% |
Germany | 2.5 | 1.9 | 1.8 | 3.3 | 9.7% |
Spain | 2.6 | 2.8 | 2.1 | 3.3 | 8.3% |
Pakistan | N/A | N/A | 2.3 | 2.7 | 17.4% |
Japan | 2.9 | 1.2 | 1.3 | 2.1 | -10.2% |
Argentina | N/A | N/A | 0.3 | 1.7 | 466.7% |
Serbia | 3.3 | 1.9 | 1.4 | 1.4 | -24.9% |
India | 0.1 | 0.1 | 0.5 | 0.8 | 100.0% |
Taiwan (Chinese) | 0.4 | 0.4 | 0.4 | 0.7 | 20.5% |
Others | 0.6 | 0.4 | 0.4 | 1.1 | 22.4% |
Total | 18.8 | 16.0 | 20.7 | 30.7 | 17.8% |
Top Suppliers of Motorcycle Tire to Brazil in 2022:
- Pakistan (274.4K units)
- Indonesia (240.5K units)
- China (126.6K units)
- Thailand (95.8K units)
- Argentina (94.3K units)
- Serbia (81.7K units)
- Spain (60.2K units)
- India (59.7K units)
- Germany (56.0K units)
- Japan (44.9K units)
- Taiwan (Chinese) (33.3K units)
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Imports of Aircraft Tyre reached a peak of 3.3K units in November 2022, but failed to regain momentum from December 2022 to September 2023. In terms of value, imports of Aircraft Tyre sharply expanded to $1.9M in September 2023.
The exports of Passenger Car Tyre reached their highest point at 763K units in March 2023. However, from April 2023 to October 2023, the exports remained at a slightly lower figure. In terms of value, the exports of Passenger Car Tyre witnessed a significant rise, reaching $47M in October 2023.
China dominates in the global tyres for motorcycles or bicycles trade. In 2014, China exported X million units of tyres for motorcycles or bicycles totaling X million USD, X% over the previous year. Its primary trading partner was Nigeria, where
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
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