Updated Sep 27, 2022 12:57

Market for Motorcycle or Bicycle Tyre in Italy

Market Overview
The Italian motorcycle or bicycle tyre market surged to $ in , rising 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). The market value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

In value terms, motorcycle or bicycle tyre production contracted to $ in estimated in export price. Overall, production showed a abrupt decline. The growth pace was the most rapid in with an increase of %. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production failed to regain momentum.


Consumption
In , approx. units of tyres for motorcycles or bicycles were consumed in Italy; with a decrease of -% compared with . Overall, consumption saw a relatively flat trend pattern. Over the period under review, consumption attained the maximum volume at units in 2008; however, from 2009 to , consumption stood at a somewhat lower figure.

The size of the motorcycle or bicycle tyre market in Italy fell to $ in , waning 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). In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $, and then contracted modestly in the following year.


Market Forecast
Depressed by shrinking demand for motorcycle or bicycle tyre in Italy, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract 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
Motorcycle or bicycle tyre market in Italy consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Italy remains a net importer of motorcycle or bicycle tyre; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.