Updated Sep 27, 2022 12:25

Market for Motorcycle or Bicycle Tyre in Brazil

Market Overview
In , the Brazilian motorcycle or bicycle tyre market increased by % to $, rising for the fifth year in a row after five years of decline. In general, the total consumption indicated a strong increase from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Over the period under review, the market reached the peak level at $ in 2011; however, from 2012 to , consumption failed to regain momentum.

In value terms, motorcycle or bicycle tyre production shrank slightly to $ in estimated in export price. The total output value increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth remained at a somewhat lower figure.


Consumption
In , consumption of tyres for motorcycles or bicycles increased by % to units, rising for the sixth consecutive year after five years of decline. In general, the total consumption indicated a tangible expansion from 2007 to : its volume 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 increased by +% against 2016 indices. Motorcycle or bicycle tyre consumption peaked at units in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.

The size of the motorcycle or bicycle tyre market in Brazil rose modestly 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 strong 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 increased by +% against 2016 indices. Motorcycle or bicycle tyre consumption peaked at $ in 2011; however, from 2012 to , consumption stood at a somewhat lower figure.


Market Forecast
Driven by increasing demand for motorcycle or bicycle tyre in Brazil, 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
Brazil 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.