Market for Motorcycle or Bicycle Tyre in the United Kingdom
Market Overview
The UK motorcycle or bicycle tyre market dropped to $
in , declining 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, posted buoyant growth. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
In value terms, motorcycle or bicycle tyre production rose notably to $ in estimated in export price. Over the period under review, production saw a resilient increase. The growth pace was the most rapid in 2008 with an increase of %. Motorcycle or bicycle tyre production peaked at $ in 2014; however, from 2015 to , production failed to regain momentum.
in , declining 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, posted buoyant growth. Over the period under review, the market attained the maximum level at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.In value terms, motorcycle or bicycle tyre production rose notably to $
in estimated in export price. Over the period under review, production saw a resilient increase. The growth pace was the most rapid in 2008 with an increase of %. Motorcycle or bicycle tyre production peaked at $ in 2014; however, from 2015 to , production failed to regain momentum.Consumption
In , the amount of tyres for motorcycles or bicycles consumed in the UK shrank slightly to units, dropping by -% compared with the previous year. In general, consumption, however, showed strong growth. Motorcycle or bicycle tyre consumption peaked at units in 2017; however, from 2018 to , consumption failed to regain momentum.
The revenue of the motorcycle or bicycle tyre market in the UK fell slightly to $ in , with a decrease of -% 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, consumption, however, continues to indicate a buoyant expansion. Motorcycle or bicycle tyre consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.
, the amount of tyres for motorcycles or bicycles consumed in the UK shrank slightly to units, dropping by -% compared with the previous year. In general, consumption, however, showed strong growth. Motorcycle or bicycle tyre consumption peaked at units in 2017; however, from 2018 to , consumption failed to regain momentum.The revenue of the motorcycle or bicycle tyre market in the UK fell slightly to $
in , with a decrease of -% 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, consumption, however, continues to indicate a buoyant expansion. Motorcycle or bicycle tyre consumption peaked at $ in 2014; however, from 2015 to , consumption stood at a somewhat lower figure.Market Forecast
Driven by increasing demand for tyres for motorcycles or bicycles in the UK, the market is expected to continue an upward consumption trend over the next eight-year period. 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 .
% 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
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in . The UK domestic supply is expected to continue its growth.
% in 2007 to % in . The UK domestic supply is expected to continue its growth.Trade Balance
The UK 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.
. 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.
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