Motorcycle Tire Price in Colombia - 2022
Contents:
- Motorcycle Tire Price in Colombia (CIF) - 2022
- Motorcycle Tire Price in Colombia (FOB) - 2022
- Motorcycle Tire Imports in Colombia
- Motorcycle Tire Exports in Colombia
Motorcycle Tire Price in Colombia (CIF) - 2022
In February 2022, the average motorcycle tire import price amounted to $15.9 per unit, waning by -31% against the previous month. In general, the import price recorded a slight contraction. The most prominent rate of growth was recorded in November 2021 when the average import price increased by 10% m-o-m. As a result, import price reached the peak level of $24.7 per unit. From December 2021 to February 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($34.7 per unit), while the price for China ($12.9 per unit) was amongst the lowest.
From February 2021 to February 2022, the most notable rate of growth in terms of prices was attained by Japan (+3.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Motorcycle Tire Price in Colombia (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $19 per unit, which is down by -32.3% against the previous year. In general, the export price showed a pronounced decline. The most prominent rate of growth was recorded in 2018 an increase of 283% against the previous year. As a result, the export price reached the peak level of $54 per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ecuador ($23 per unit), while the average price for exports to Barbados ($12 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 Brazil (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.
Motorcycle Tire Imports in Colombia
In 2022, the amount of new pneumatic tyres for motorcycles imported into Colombia soared to 6.4M units, picking up by 93% on 2021. In general, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire imports expanded rapidly to $100M in 2022. Over the period under review, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +75.1% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 56%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Motorcycle Tire in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 33.0 | 29.2 | 48.4 | 53.0 | 17.1% |
| India | 5.3 | 5.2 | 10.4 | 11.6 | 29.8% |
| Brazil | 5.1 | 5.3 | 7.8 | 8.9 | 20.4% |
| Indonesia | 2.1 | 2.8 | 3.8 | 5.5 | 37.8% |
| Thailand | 4.3 | 3.4 | 4.6 | 4.5 | 1.5% |
| Vietnam | 3.6 | 4.3 | 5.6 | 4.0 | 3.6% |
| Netherlands | 4.0 | 2.4 | 2.3 | 2.8 | -11.2% |
| Others | 5.3 | 4.7 | 6.6 | 9.9 | 23.2% |
| Total | 62.6 | 57.3 | 89.6 | 100 | 16.9% |
Top Suppliers of Motorcycle Tire to Colombia in 2022:
- China (4307.2K units)
- India (652.6K units)
- Brazil (288.6K units)
- Vietnam (270.7K units)
- Indonesia (267.5K units)
- Thailand (180.2K units)
- Netherlands (132.0K units)
Motorcycle Tire Exports in Colombia
For the third consecutive year, Colombia recorded decline in shipments abroad of new pneumatic tyres for motorcycles, which decreased by -52.9% to 1.1K units in 2022. In general, exports faced a sharp setback. The smallest decline of -22.1% was in 2021. Over the period under review, the exports reached the maximum at 7.2K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, motorcycle tire exports dropped markedly to $20K in 2022. Overall, exports showed a sharp decrease. The smallest decline of -3.7% was in 2020. Over the period under review, the exports attained the peak figure at $109K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Motorcycle Tire in Colombia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Aruba | 2.3 | N/A | 2.8 | 9.6 | 61.0% |
| Mexico | N/A | N/A | N/A | 8.2 | 0% |
| Ecuador | 2.2 | N/A | N/A | 1.0 | -23.1% |
| Barbados | 1.2 | 17.2 | 0.4 | 0.5 | -25.3% |
| Venezuela | 99.8 | N/A | N/A | N/A | 0% |
| Panama | N/A | 85.6 | N/A | N/A | 0% |
| Brazil | N/A | N/A | 59.1 | N/A | 0% |
| Others | 3.2 | 2.0 | N/A | 0.5 | -46.1% |
| Total | 109 | 105 | 62.3 | 19.9 | -43.3% |
Top Export Markets for Motorcycle Tire from Colombia in 2022:
- Aruba (499.0 units)
- Mexico (464.0 units)
- Ecuador (46.0 units)
- Barbados (40.0 units)
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