Motorcycle Tire Price in Pakistan - 2023
Contents:
- Motorcycle Tire Price in Pakistan (FOB) - 2023
- Motorcycle Tire Price in Pakistan (CIF) - 2022
- Motorcycle Tire Exports in Pakistan
- Motorcycle Tire Imports in Pakistan
Motorcycle Tire Price in Pakistan (FOB) - 2023
In April 2023, the average motorcycle tire export price amounted to $5.8 per unit, stabilizing at the previous month. In general, the export price saw a mild slump. The pace of growth was the most pronounced in August 2022 an increase of 54% against the previous month. The export price peaked at $7.7 per unit in January 2023; however, from February 2023 to April 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In April 2023, the country with the highest price was Egypt ($10.5 per unit), while the average price for exports to Iraq ($1.9 per unit) was amongst the lowest.
From April 2022 to April 2023, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+0.3%), while the prices for the other major destinations experienced mixed trend patterns.
Motorcycle Tire Price in Pakistan (CIF) - 2022
The average motorcycle tire import price stood at $8.3 per unit in 2022, waning by -12.7% against the previous year. Over the period under review, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.5% 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 +75.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 an increase of 34% against the previous year. The import price peaked at $9.5 per unit in 2021, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($11 per unit), while the price for Vietnam ($3.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Exports in Pakistan
In 2022, approx. 2.2M units of new pneumatic tyres for motorcycles were exported from Pakistan; rising by 38% against the previous year. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 74%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.
In value terms, motorcycle tire exports expanded remarkably to $15M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 101% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.
| Export of Motorcycle Tire in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Afghanistan | 1.9 | 2.0 | 1.3 | 3.4 | 21.4% |
| Egypt | 1.2 | 1.8 | 3.4 | 2.7 | 31.0% |
| Turkey | 0.6 | 1.1 | 2.9 | 2.6 | 63.0% |
| Brazil | N/A | 0.3 | 2.1 | 2.2 | 170.8% |
| Iraq | N/A | 0.1 | 0.4 | 0.7 | 164.6% |
| Colombia | 0.2 | 0.3 | 0.8 | 0.6 | 44.2% |
| Jordan | N/A | N/A | 0.1 | 0.5 | 400.0% |
| Others | 1.2 | 1.0 | 1.9 | 2.0 | 18.6% |
| Total | 5.1 | 6.4 | 12.9 | 14.6 | 42.0% |
Top Export Markets for Motorcycle Tire from Pakistan in 2022:
- Afghanistan (674.5K units)
- Turkey (441.5K units)
- Egypt (319.9K units)
- Brazil (290.5K units)
- Iraq (85.2K units)
- Jordan (71.1K units)
- Colombia (68.4K units)
Motorcycle Tire Imports in Pakistan
In 2022, approx. 23K units of new pneumatic tyres for motorcycles were imported into Pakistan; shrinking by -30.5% against the previous year. Overall, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 103%. Imports peaked at 37K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, motorcycle tire imports shrank sharply to $189K in 2022. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 134% against the previous year. As a result, imports attained the peak of $312K, and then contracted rapidly in the following year.
| Import of Motorcycle Tire in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 87.2 | 32.8 | 105 | 124 | 12.5% |
| Sri Lanka | 38.9 | 3.5 | 23.6 | 41.1 | 1.9% |
| South Korea | 20.8 | 4.4 | 7.7 | 8.7 | -25.2% |
| Vietnam | 0.5 | 1.0 | 1.9 | 5.6 | 123.7% |
| Indonesia | 21.1 | 1.4 | 0.1 | 4.1 | -42.1% |
| United Arab Emirates | N/A | 72.6 | 163 | 0.1 | -96.3% |
| Thailand | 39.5 | 14.0 | 5.1 | N/A | -64.1% |
| Others | 24.3 | 3.7 | 5.7 | 5.5 | -39.1% |
| Total | 232 | 134 | 312 | 189 | -6.6% |
Top Suppliers of Motorcycle Tire to Pakistan in 2022:
- United Arab Emirates (undefinedK units)
- Thailand (undefinedK units)
- China (11.3K units)
- Sri Lanka (8.0K units)
- Vietnam (1.7K units)
- South Korea (0.9K units)
- Indonesia (0.5K units)
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