Motorcycle Tire Price in Thailand - 2023
Contents:
- Motorcycle Tire Price in Thailand (FOB) - 2023
- Motorcycle Tire Price in Thailand (CIF) - 2023
- Motorcycle Tire Exports in Thailand
- Motorcycle Tire Imports in Thailand
Motorcycle Tire Price in Thailand (FOB) - 2023
The average motorcycle tire export price stood at $12.4 per unit in September 2023, waning by -11.3% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 20% against the previous month. As a result, the export price reached the peak level of $14.0 per unit, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($54.7 per unit), while the average price for exports to Myanmar ($7.3 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 Myanmar (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Price in Thailand (CIF) - 2023
In September 2023, the average motorcycle tire import price amounted to $18.4 per unit, falling by -22.8% against the previous month. Overall, the import price continues to indicate a mild descent. The growth pace was the most rapid in August 2023 an increase of 25% m-o-m. The import price peaked at $27.7 per unit in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($94.9 per unit), while the price for Vietnam ($11.0 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 India (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Exports in Thailand
In 2022, after three years of growth, there was decline in shipments abroad of new pneumatic tyres for motorcycles, when their volume decreased by -1.2% to 17M units. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 66% against the previous year. The exports peaked at 17M units in 2021, and then contracted in the following year.
In value terms, motorcycle tire exports reached $199M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.
Export of Motorcycle Tire in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Spain | 20.1 | 18.0 | 23.4 | 24.7 | 7.1% |
United States | 22.0 | 21.5 | 25.6 | 24.1 | 3.1% |
Cambodia | 23.5 | 17.5 | 20.5 | 21.5 | -2.9% |
Philippines | 14.3 | 12.8 | 21.3 | 18.2 | 8.4% |
Malaysia | 19.9 | 16.4 | 15.7 | 16.3 | -6.4% |
Japan | 13.2 | 12.9 | 16.4 | 15.4 | 5.3% |
Myanmar | 2.3 | 17.8 | 15.1 | 15.1 | 87.2% |
Vietnam | 9.2 | 7.9 | 9.0 | 12.5 | 10.8% |
China | 3.7 | 6.4 | 7.1 | 6.7 | 21.9% |
Indonesia | 4.8 | 3.0 | 4.5 | 4.3 | -3.6% |
Lao People's Democratic Republic | 1.7 | 1.7 | 1.3 | 1.2 | -11.0% |
Others | 34.3 | 30.9 | 37.3 | 38.6 | 4.0% |
Total | 169 | 167 | 197 | 199 | 5.6% |
Top Export Markets for Motorcycle Tire from Thailand in 2022:
- Myanmar (4.9M units)
- Cambodia (2.4M units)
- Philippines (1.8M units)
- Malaysia (1.8M units)
- Japan (1.2M units)
- Vietnam (1.0M units)
- Spain (0.7M units)
- United States (0.4M units)
- Indonesia (0.3M units)
- China (0.3M units)
- Lao People's Democratic Republic (0.2M units)
Motorcycle Tire Imports in Thailand
Motorcycle tire imports into Thailand soared to 1.7M units in 2022, increasing by 24% against the previous year's figure. Overall, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.0% 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 +51.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire imports surged to $40M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.5% 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 +70.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
Import of Motorcycle Tire in Thailand (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Indonesia | 4.6 | 5.6 | 7.5 | 12.5 | 39.5% |
Vietnam | 4.4 | 5.3 | 5.3 | 6.9 | 16.2% |
United States | 0.6 | 1.3 | 3.2 | 4.2 | 91.3% |
Germany | 3.3 | 2.5 | 3.7 | 3.9 | 5.7% |
China | 5.1 | 3.5 | 4.3 | 3.9 | -8.6% |
Japan | 1.1 | 2.5 | 3.2 | 3.5 | 47.1% |
Spain | 0.4 | 1.6 | 1.4 | 1.8 | 65.1% |
United Kingdom | 1.2 | 1.6 | 1.8 | 1.4 | 5.3% |
Serbia | 0.4 | 0.4 | 0.7 | 0.4 | 0.0% |
Brazil | 1.5 | 0.6 | 0.9 | 0.2 | -48.9% |
Others | 0.6 | 0.6 | 0.7 | 0.9 | 14.5% |
Total | 23.3 | 25.7 | 32.7 | 39.7 | 19.4% |
Top Suppliers of Motorcycle Tire to Thailand in 2022:
- Vietnam (725.3K units)
- Indonesia (550.2K units)
- China (80.1K units)
- Japan (76.3K units)
- Germany (62.5K units)
- United States (57.8K units)
- Spain (46.0K units)
- Serbia (20.1K units)
- United Kingdom (19.4K units)
- Brazil (6.0K units)
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