Singapore - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPassenger Car Tyre Price in Singapore - 2022
Contents:
- Passenger Car Tyre Price in Singapore (CIF) - 2022
- Passenger Car Tyre Price in Singapore (FOB) - 2022
- Passenger Car Tyre Imports in Singapore
- Passenger Car Tyre Exports in Singapore
Passenger Car Tyre Price in Singapore (CIF) - 2022
In September 2022, the average passenger car tyre import price amounted to $102 per unit, growing by 3% against the previous month. Overall, import price indicated a temperate expansion from September 2021 to September 2022: its price increased at an average monthly rate of +2.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, passenger car tyre import price increased by +6.9% against July 2022 indices. The most prominent rate of growth was recorded in January 2022 when the average import price increased by 71% month-to-month. As a result, import price reached the peak level of $114 per unit. From February 2022 to September 2022, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($234 per unit), while the price for Indonesia ($42.5 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Tyre Price in Singapore (FOB) - 2022
In September 2022, the average passenger car tyre export price amounted to $133 per unit, surging by 6.6% against the previous month. Over the period under review, export price indicated a tangible expansion from September 2021 to September 2022: its price increased at an average monthly rate of +3.8% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, passenger car tyre export price decreased by -2.5% against July 2022 indices. The pace of growth appeared the most rapid in January 2022 an increase of 54% month-to-month. Over the period under review, the average export prices hit record highs at $153 per unit in April 2022; however, from May 2022 to September 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2022, the country with the highest price was Malaysia ($192 per unit), while the average price for exports to Sri Lanka ($76.6 per unit) was amongst the lowest.
From September 2021 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Tyre Imports in Singapore
Passenger car tyre imports into Singapore reduced notably to 1.9M units in 2022, shrinking by -23.1% compared with the previous year. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports reached the peak of 2.4M units, and then shrank rapidly in the following year.
In value terms, passenger car tyre imports stood at $158M in 2022. The total import value increased at an average annual rate of +5.8% over the period 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 2021 when imports increased by 31%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
Import of Passenger Car Tyre in Singapore (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 20.8 | 25.6 | 42.0 | 45.6 | 29.9% |
Thailand | 10.4 | 13.7 | 20.2 | 21.6 | 27.6% |
China | 25.3 | 15.6 | 16.1 | 16.3 | -13.6% |
Germany | 21.5 | 19.7 | 19.8 | 16.0 | -9.4% |
Romania | 7.4 | 7.4 | 8.4 | 14.1 | 24.0% |
Netherlands | 7.5 | 7.5 | 8.4 | 9.9 | 9.7% |
South Korea | 6.8 | 4.0 | 6.1 | 6.6 | -1.0% |
Indonesia | 4.7 | 2.8 | 4.5 | 5.1 | 2.8% |
Poland | 3.8 | 3.6 | 3.0 | 1.4 | -28.3% |
Slovenia | 3.4 | 2.1 | 0.9 | 0.2 | -61.1% |
Others | 21.9 | 16.4 | 26.0 | 21.2 | -1.1% |
Total | 133 | 118 | 155 | 158 | 5.9% |
Top Suppliers of Passenger Car Tyre to Singapore in 2022:
- Japan (614.0K units)
- China (411.6K units)
- Thailand (302.5K units)
- Romania (140.6K units)
- Indonesia (123.9K units)
- Germany (118.0K units)
- South Korea (115.2K units)
- Netherlands (74.5K units)
- Poland (14.1K units)
- Slovenia (2.9K units)
Passenger Car Tyre Exports in Singapore
In 2022, after two years of decline, there was growth in shipments abroad of tyres for motor cars, when their volume increased by 0.6% to 1.1M units. Over the period under review, exports, however, showed a abrupt descent. Over the period under review, the exports attained the maximum at 1.4M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, passenger car tyre exports expanded notably to $101M in 2022. Overall, exports, however, continue to indicate a pronounced contraction. Over the period under review, the exports reached the peak figure at $107M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Passenger Car Tyre in Singapore (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 6.7 | 11.5 | 13.1 | 27.9 | 60.9% |
Netherlands | 35.0 | 31.0 | 21.8 | 16.9 | -21.5% |
China | 15.0 | 7.5 | 5.4 | 11.0 | -9.8% |
United Arab Emirates | N/A | N/A | N/A | 10.1 | 0% |
Taiwan (Chinese) | 1.8 | 2.2 | 4.4 | 4.0 | 30.5% |
Hong Kong SAR | 6.1 | 9.3 | 10.3 | 3.9 | -13.9% |
Australia | 2.3 | 1.9 | 2.0 | 3.4 | 13.9% |
Thailand | 2.4 | 1.5 | 2.2 | 3.0 | 7.7% |
Indonesia | 3.3 | 1.3 | 1.2 | 2.9 | -4.2% |
Cambodia | 3.2 | 1.5 | 1.4 | 1.8 | -17.5% |
Japan | 2.0 | 1.6 | 2.5 | 1.8 | -3.5% |
Pakistan | 1.1 | 1.6 | 1.9 | 1.7 | 15.6% |
Bangladesh | 0.6 | 0.8 | 1.0 | 1.1 | 22.4% |
Others | 28.0 | 26.9 | 23.1 | 11.5 | -25.7% |
Total | 107 | 98.6 | 90.4 | 101 | -1.9% |
Top Export Markets for Passenger Car Tyre from Singapore in 2022:
- Netherlands (245.9K units)
- Malaysia (182.5K units)
- United Arab Emirates (158.2K units)
- China (94.5K units)
- Hong Kong SAR (33.4K units)
- Pakistan (31.0K units)
- Australia (30.1K units)
- Taiwan (Chinese) (29.9K units)
- Bangladesh (28.8K units)
- Indonesia (25.9K units)
- Thailand (24.0K units)
- Cambodia (22.0K units)
- Japan (21.3K units)
This report provides an in-depth analysis of the passenger car tyre market in Singapore. 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:
- Singapore
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Singapore
- 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
-
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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