Motorcycle Tire Price in Vietnam - 2022
Contents:
- Motorcycle Tire Price in Vietnam (FOB) - 2022
- Motorcycle Tire Price in Vietnam (CIF) - 2022
- Motorcycle Tire Exports in Vietnam
- Motorcycle Tire Imports in Vietnam
Motorcycle Tire Price in Vietnam (FOB) - 2022
The average motorcycle tire export price stood at $4.5 per unit in 2022, declining by -88.9% against the previous year. Overall, the export price saw a abrupt slump. The pace of growth was the most pronounced in 2013 when the average export price increased by 91% against the previous year. The export price peaked at $41 per unit in 2021, and then fell sharply in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($46 per unit), while the average price for exports to Myanmar totaled $3.3 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Price in Vietnam (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $17 per unit, falling by -7.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 63% against the previous year. As a result, import price attained the peak level of $20 per unit. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($40 per unit), while the price for Taiwan (Chinese) ($6.3 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 mixed trend patterns.
Motorcycle Tire Exports in Vietnam
In 2022, shipments abroad of new pneumatic tyres for motorcycles increased by 843% to 15M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire exports rose to $67M in 2022. In general, exports, however, saw a pronounced setback. Over the period under review, the exports hit record highs at $72M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Motorcycle Tire in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.8 | 1.8 | 1.4 | 46.8 | 196.2% |
| United Arab Emirates | 0.2 | 0.2 | 0.3 | 20.3 | 366.5% |
| Malaysia | 12.5 | 14.7 | 11.4 | N/A | -4.5% |
| India | 12.6 | 1.5 | N/A | N/A | -88.1% |
| Others | 44.6 | 51.6 | 51.2 | N/A | 7.1% |
| Total | 71.8 | 69.8 | 64.3 | 67.0 | -2.3% |
Top Export Markets for Motorcycle Tire from Vietnam in 2022:
- Myanmar (14.3M units)
- United Arab Emirates (0.4M units)
Motorcycle Tire Imports in Vietnam
Motorcycle tire imports into Vietnam stood at 989K units in 2022, increasing by 1.9% on the previous year's figure. The total import volume increased at an average annual rate of +10.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 37% against the previous year. As a result, imports attained the peak of 1M units. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, motorcycle tire imports shrank to $17M in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 12%. As a result, imports reached the peak of $18M, and then dropped in the following year.
| Import of Motorcycle Tire in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 8.4 | 8.0 | 8.9 | 7.4 | -4.1% |
| Indonesia | 2.5 | 4.3 | 3.7 | 4.6 | 22.5% |
| China | 2.1 | 2.6 | 3.6 | 3.4 | 17.4% |
| Taiwan (Chinese) | 0.2 | 0.1 | 0.3 | 0.3 | 14.5% |
| Others | 1.7 | 1.2 | 1.7 | 1.4 | -6.3% |
| Total | 14.9 | 16.2 | 18.2 | 17.2 | 4.9% |
Top Suppliers of Motorcycle Tire to Vietnam in 2022:
- Thailand (669.9K units)
- Indonesia (132.4K units)
- China (85.1K units)
- Taiwan (Chinese) (45.9K units)
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