Updated Sep 27, 2022 13:07

Market for Motorcycle or Bicycle Tyre in Taiwan (Chinese)

Market Overview
The Taiwanese motorcycle or bicycle tyre market totaled $ 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). Over the period under review, consumption saw a remarkable increase. Over the period under review, the market attained the peak level in and is expected to retain growth in years to come.

In value terms, motorcycle or bicycle tyre production dropped to $ in estimated in export price. Overall, the total production indicated moderate growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, production decreased by -% against 2016 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by % against the previous year. Motorcycle or bicycle tyre production peaked at $ in , and then contracted in the following year.


Consumption
In , approx. units of tyres for motorcycles or bicycles were consumed in Taiwan (Chinese); approximately equating the year before. Overall, consumption saw tangible growth. Over the period under review, consumption attained the peak volume in and is expected to retain growth in the near future.

The size of the motorcycle or bicycle tyre market in Taiwan (Chinese) reached $ in , stabilizing at 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 recorded a temperate expansion. Over the period under review, the market reached the peak level in and is expected to retain growth in years to come.


Market Forecast
Driven by increasing demand for motorcycle or bicycle tyre in Taiwan (Chinese), the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, 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 .


Market Structure
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
Taiwan (Chinese) 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.