Pakistan - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPassenger Car Tyre Price in Pakistan - 2023
Contents:
- Passenger Car Tyre Price in Pakistan (CIF) - 2023
- Passenger Car Tyre Price in Pakistan (FOB) - 2022
- Passenger Car Tyre Imports in Pakistan
- Passenger Car Tyre Exports in Pakistan
Passenger Car Tyre Price in Pakistan (CIF) - 2023
In February 2023, the average passenger car tyre import price amounted to $11.7 per unit, shrinking by -24.6% against the previous month. Overall, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in August 2022 when the average import price increased by 27% month-to-month. The import price peaked at $32.7 per unit in May 2022; however, from June 2022 to February 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($19.7 per unit), while the price for China ($10.9 per unit) was amongst the lowest.
From February 2022 to February 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-3.8%), while the prices for the other major suppliers experienced a decline.
Passenger Car Tyre Price in Pakistan (FOB) - 2022
The average passenger car tyre export price stood at $36 per unit in 2022, rising by 79% against the previous year. Overall, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2016 an increase of 146% against the previous year. Over the period under review, the average export prices attained the maximum at $86 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($194 per unit), while the average price for exports to the UK ($10 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Yemen (+11.7%), while the prices for the other major destinations experienced mixed trend patterns.
Passenger Car Tyre Imports in Pakistan
In 2022, after three years of growth, there was significant decline in purchases abroad of tyres for motor cars, when their volume decreased by -63.8% to 1.1M units. Overall, imports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 124%. Over the period under review, imports hit record highs at 3M units in 2021, and then dropped remarkably in the following year.
In value terms, passenger car tyre imports declined notably to $30M in 2022. Over the period under review, imports, however, continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2020 when imports increased by 122%. Over the period under review, imports hit record highs at $71M in 2021, and then contracted sharply in the following year.
Import of Passenger Car Tyre in Pakistan (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.4 | 13.0 | 26.0 | 11.3 | 36.9% |
United Arab Emirates | 8.9 | 19.5 | 26.7 | 10.8 | 6.7% |
Japan | 1.0 | 2.4 | 6.1 | 2.0 | 26.0% |
Thailand | 0.7 | 1.1 | 3.4 | 1.5 | 28.9% |
Indonesia | 1.0 | 1.6 | 2.9 | 1.3 | 9.1% |
Others | 2.4 | 3.1 | 5.8 | 2.7 | 4.0% |
Total | 18.4 | 40.7 | 70.9 | 29.6 | 17.2% |
Top Suppliers of Passenger Car Tyre to Pakistan in 2022:
- China (645.8K units)
- United Arab Emirates (218.1K units)
- Indonesia (55.5K units)
- Thailand (51.2K units)
- Japan (37.1K units)
Passenger Car Tyre Exports in Pakistan
In 2022, shipments abroad of tyres for motor cars increased by 54% to 3.9K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a precipitous curtailment. The exports peaked at 26K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, passenger car tyre exports skyrocketed to $139K in 2022. Overall, exports, however, recorded a precipitous decrease. Over the period under review, the exports attained the maximum at $2.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Passenger Car Tyre in Pakistan (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Egypt | 231 | 59.5 | 18.0 | 60.8 | -35.9% |
Afghanistan | 337 | 50.2 | 7.0 | 39.2 | -51.2% |
Netherlands | 201 | 40.4 | 9.7 | 15.1 | -57.8% |
Hong Kong SAR | 104 | 22.8 | 6.0 | 10.1 | -54.0% |
Yemen | 34.3 | 7.1 | 1.9 | 3.3 | -54.2% |
United Kingdom | 41.8 | 8.3 | 2.0 | 3.0 | -58.4% |
Germany | 353 | 13.5 | 0.6 | 0.9 | -86.3% |
Others | 961 | 26.2 | 5.7 | 7.0 | -80.6% |
Total | 2,264 | 228 | 50.8 | 139 | -60.6% |
Top Export Markets for Passenger Car Tyre from Pakistan in 2022:
- Afghanistan (1555.0 units)
- Egypt (757.0 units)
- Netherlands (388.0 units)
- United Kingdom (303.0 units)
- Yemen (161.0 units)
- Hong Kong SAR (52.0 units)
- Germany (23.0 units)
This report provides an in-depth analysis of the passenger car tyre market in Pakistan. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
Country coverage:
- Pakistan
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Pakistan
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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