Motorcycle Tire Price in Venezuela - 2022
Contents:
- Motorcycle Tire Price in Venezuela (CIF) - 2022
- Motorcycle Tire Price in Venezuela (FOB) - 2022
- Motorcycle Tire Imports in Venezuela
- Motorcycle Tire Exports in Venezuela
Motorcycle Tire Price in Venezuela (CIF) - 2022
The average motorcycle tire import price stood at $17 per unit in 2022, jumping by 51% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of 71%. The import price peaked at $30 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($77 per unit), while the price for Pakistan ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Venezuela (FOB) - 2022
The average motorcycle tire export price stood at $16 per unit in 2022, standing approx. at the previous year. Overall, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 58%. As a result, the export price attained the peak level of $36 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Trinidad and Tobago.
From 2012 to 2022, the rate of growth in terms of prices for the Dominican Republic amounted to -4.1% per year.
Motorcycle Tire Imports in Venezuela
In 2022, overseas purchases of new pneumatic tyres for motorcycles decreased by -25.2% to 626K units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. Over the period under review, imports reached the peak figure at 837K units in 2021, and then reduced remarkably in the following year.
In value terms, motorcycle tire imports rose notably to $10M in 2022. The total import value increased at an average annual rate of +9.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 46%. As a result, imports attained the peak of $12M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Motorcycle Tire in Venezuela (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.2 | 9.3 | 7.1 | 7.8 | 8.0% |
| Czech Republic | 0.5 | 0.6 | 0.7 | 0.9 | 21.6% |
| Pakistan | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.1 | 1.5 | 1.3 | 1.5 | 10.9% |
| Total | 7.9 | 11.5 | 9.2 | 10.3 | 9.2% |
Top Suppliers of Motorcycle Tire to Venezuela in 2022:
- China (557.7K units)
- Pakistan (12.9K units)
- Czech Republic (11.5K units)
Motorcycle Tire Exports in Venezuela
For the third consecutive year, Venezuela recorded decline in overseas shipments of new pneumatic tyres for motorcycles, which decreased by 0% to 19 units in 2022. In general, exports continue to indicate a precipitous decline. The smallest decline of -93.3% was in 2020. Over the period under review, the exports hit record highs at 374 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, motorcycle tire exports totaled $297 in 2022. Over the period under review, exports saw a precipitous curtailment. The smallest decline of -94.4% was in 2020. The exports peaked at $6.9K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Motorcycle Tire in Venezuela (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Trinidad and Tobago | N/A | N/A | N/A | 0.3 | 0% |
| Serbia | N/A | 0.4 | N/A | N/A | 0% |
| Dominican Republic | 6.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.9 | 0.4 | N/A | 0.3 | -64.8% |
Top Export Markets for Motorcycle Tire from Venezuela in 2022:
- Trinidad and Tobago (19.0 units)
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