Market for Motorcycle or Bicycle Tyre in China
Market Overview
In 
, the Chinese motorcycle or bicycle tyre market was finally on the rise to reach $ for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption remained at a lower figure.
In value terms, motorcycle or bicycle tyre production declined modestly to $ in estimated in export price. In general, the total production indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by %. Motorcycle or bicycle tyre production peaked at $ in 2019; afterwards, it flattened through to .
, the Chinese motorcycle or bicycle tyre market was finally on the rise to reach $ for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Over the period under review, the market hit record highs at $ in 2019; however, from to , consumption remained at a lower figure.In value terms, motorcycle or bicycle tyre production declined modestly to $
in estimated in export price. In general, the total production indicated a measured increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2019 indices. The pace of growth appeared the most rapid in 2008 when the production volume increased by %. Motorcycle or bicycle tyre production peaked at $ in 2019; afterwards, it flattened through to .Consumption
In , consumption of tyres for motorcycles or bicycles was finally on the rise to reach units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated mild growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Motorcycle or bicycle tyre consumption peaked at units in 2019; however, from to , consumption remained at a lower figure.
The value of the motorcycle or bicycle tyre market in China amounted to $ in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Motorcycle or bicycle tyre consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.
, consumption of tyres for motorcycles or bicycles was finally on the rise to reach units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, the total consumption indicated mild growth from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Motorcycle or bicycle tyre consumption peaked at units in 2019; however, from to , consumption remained at a lower figure.The value of the motorcycle or bicycle tyre market in China amounted to $
in , picking up by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a modest increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against 2019 indices. Motorcycle or bicycle tyre consumption peaked at $ in 2019; however, from to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for tyres for motorcycles or bicycles in China, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .In value terms, the market is forecast to increase with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Over the period under review, imports of motorcycle or bicycle tyre in China were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for motorcycle or bicycle tyre.
Trade Balance
China remains a net exporter of motorcycle or bicycle tyre; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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