Motorcycle Tire Price in Canada - 2023
Contents:
- Motorcycle Tire Price in Canada (CIF) - 2023
- Motorcycle Tire Price in Canada (FOB) - 2023
- Motorcycle Tire Imports in Canada
- Motorcycle Tire Exports in Canada
Motorcycle Tire Price in Canada (CIF) - 2023
In September 2023, the average motorcycle tire import price amounted to $79.1 per unit, jumping by 15% against the previous month. Overall, import price indicated a measured expansion from September 2022 to September 2023: its price increased at an average monthly rate of +4.1% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, motorcycle tire import price increased by +15.2% against August 2023 indices. The most prominent rate of growth was recorded in February 2023 an increase of 39% m-o-m. The import price peaked at $83.6 per unit in June 2023; however, from July 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($135 per unit), while the price for Taiwan (Chinese) ($21.4 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 Germany (+10.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Canada (FOB) - 2023
In September 2023, the average motorcycle tire export price amounted to $63.8 per unit, with an increase of 10% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 an increase of 36% month-to-month. The export price peaked at $75.5 per unit in July 2023; however, from August 2023 to September 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major external markets. In September 2023, the country with the highest price was China ($69.1 per unit), while the average price for exports to the United States ($47.9 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+4.9%), while the prices for the other major destinations experienced a decline.
Motorcycle Tire Imports in Canada
In 2022, motorcycle tire imports into Canada surged to 509K units, increasing by 23% on 2021 figures. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +17.8% 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 +63.5% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 26%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, motorcycle tire imports skyrocketed to $29M in 2022. In general, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +15.9% 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 +64.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Motorcycle Tire in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 5.9 | 4.5 | 5.5 | 7.6 | 8.8% |
| Japan | 2.4 | 3.0 | 4.3 | 5.4 | 31.0% |
| China | 3.0 | 2.9 | 4.0 | 5.3 | 20.9% |
| Indonesia | 0.9 | 2.1 | 3.4 | 2.5 | 40.6% |
| Germany | 1.6 | 1.8 | 1.6 | 2.3 | 12.9% |
| South Korea | 0.7 | 0.8 | 0.9 | 1.5 | 28.9% |
| Taiwan (Chinese) | 0.9 | 1.0 | 1.2 | 1.4 | 15.9% |
| Brazil | 1.8 | 0.4 | 1.3 | 1.2 | -12.6% |
| Others | 1.7 | 1.4 | 2.0 | 2.2 | 9.0% |
| Total | 18.8 | 17.9 | 24.2 | 29.4 | 16.1% |
Top Suppliers of Motorcycle Tire to Canada in 2022:
- China (146.0K units)
- Japan (78.9K units)
- United States (71.9K units)
- Indonesia (61.8K units)
- Taiwan (Chinese) (39.5K units)
- South Korea (36.0K units)
- Germany (24.7K units)
- Brazil (12.6K units)
Motorcycle Tire Exports in Canada
In 2022, the amount of new pneumatic tyres for motorcycles exported from Canada fell to 32K units, with a decrease of -2.9% on the year before. Overall, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 128%. As a result, the exports reached the peak of 33K units, and then shrank in the following year.
In value terms, motorcycle tire exports soared to $2M in 2022. Over the period under review, exports, however, continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Motorcycle Tire in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 746 | 631 | 1,028 | 1,261 | 19.1% |
| China | 0.4 | 24.1 | N/A | 235 | 737.5% |
| Belgium | 161 | 145 | 177 | 210 | 9.3% |
| Mexico | 1.3 | 51.5 | 2.3 | 183 | 420.2% |
| Others | 121 | 52.2 | 122 | 64.2 | -19.0% |
| Total | 1,030 | 904 | 1,328 | 1,953 | 23.8% |
Top Export Markets for Motorcycle Tire from Canada in 2022:
- United States (18.3K units)
- Mexico (5.6K units)
- Belgium (4.4K units)
- China (3.2K units)
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