Motorcycle Tire Price in Egypt - 2023
Contents:
- Motorcycle Tire Price in Egypt (CIF) - 2022
- Motorcycle Tire Price in Egypt (FOB) - 2022
- Motorcycle Tire Imports in Egypt
- Motorcycle Tire Exports in Egypt
Motorcycle Tire Price in Egypt (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $42 per unit, rising by 7.5% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle tire import price increased by +60.7% against 2017 indices. The growth pace was the most rapid in 2013 when the average import price increased by 52%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Indonesia ($42 per unit) and Vietnam ($42 per unit), while the price for Sri Lanka ($42 per unit) and Thailand ($42 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Egypt (FOB) - 2022
In 2022, the average motorcycle tire export price amounted to $45 per unit, falling by -1.7% against the previous year. Over the period under review, the export price, however, continues to indicate a tangible increase. The pace of growth appeared the most rapid in 2014 an increase of 201%. Over the period under review, the average export prices hit record highs at $212 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Algeria ($45 per unit) and Pakistan ($45 per unit), while the average price for exports to Tunisia ($45 per unit) and Morocco ($45 per unit) were amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+21.8%), while the prices for the other major destinations experienced mixed trend patterns.
Motorcycle Tire Imports in Egypt
Motorcycle tire imports into Egypt shrank remarkably to 215K units in 2022, with a decrease of -48.8% on 2021. Overall, imports faced a sharp reduction. The smallest decline of -11.6% was in 2021. Imports peaked at 686K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, motorcycle tire imports dropped significantly to $9M in 2022. In general, imports continue to indicate a significant decrease. The smallest decline of -2.5% was in 2021. Over the period under review, imports hit record highs at $21M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Motorcycle Tire in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.3 | 4.2 | 5.3 | 3.2 | -9.4% |
| China | 11.5 | 7.7 | 4.9 | 2.9 | -36.8% |
| Thailand | 2.0 | 2.4 | 1.6 | 1.2 | -15.7% |
| Pakistan | 0.1 | 0.2 | 1.0 | 0.7 | 91.3% |
| Vietnam | 0.9 | 1.0 | 0.7 | 0.7 | -8.0% |
| Sri Lanka | 0.2 | 0.4 | 0.2 | 0.1 | -20.6% |
| Indonesia | 0.6 | 0.6 | 0.2 | N/A | -42.3% |
| Others | 1.0 | 0.3 | 2.4 | 0.2 | -41.5% |
| Total | 20.6 | 16.7 | 16.3 | 9.0 | -24.1% |
Top Suppliers of Motorcycle Tire to Egypt in 2022:
- India (75.6K units)
- China (69.7K units)
- Thailand (28.3K units)
- Pakistan (16.6K units)
- Vietnam (16.2K units)
- Sri Lanka (3.5K units)
- Indonesia (1.2K units)
Motorcycle Tire Exports in Egypt
In 2022, approx. 19K units of new pneumatic tyres for motorcycles were exported from Egypt; increasing by 134% compared with the previous year's figure. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2021 when exports increased by 201%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, motorcycle tire exports surged to $829K in 2022. In general, exports showed a prominent increase. The pace of growth was the most pronounced in 2021 with an increase of 210%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Motorcycle Tire in Egypt (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Morocco | N/A | 74.7 | 300 | 600 | 183.4% |
| Kenya | N/A | N/A | 10.7 | 60.6 | 466.4% |
| Syrian Arab Republic | N/A | N/A | N/A | 50.8 | 0% |
| Pakistan | N/A | N/A | N/A | 45.0 | 0% |
| Tunisia | N/A | N/A | N/A | 43.5 | 0% |
| Algeria | N/A | N/A | N/A | 29.7 | 0% |
| China | N/A | 41.0 | 0.2 | N/A | -99.5% |
| Turkey | 515 | N/A | 48.3 | N/A | -69.4% |
| Others | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Total | 515 | 116 | 360 | 829 | 17.2% |
Top Export Markets for Motorcycle Tire from Egypt in 2022:
- Morocco (13.4K units)
- Kenya (1.4K units)
- Syrian Arab Republic (1.1K units)
- Pakistan (1.0K units)
- Tunisia (1.0K units)
- Algeria (0.7K units)
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