Motorcycle Tire Price in Hong Kong SAR - 2023
Contents:
- Motorcycle Tire Price in Hong Kong SAR (CIF) - 2023
- Motorcycle Tire Price in Hong Kong SAR (FOB) - 2022
- Motorcycle Tire Imports in Hong Kong SAR
- Motorcycle Tire Exports in Hong Kong SAR
Motorcycle Tire Price in Hong Kong SAR (CIF) - 2023
The average motorcycle tire import price stood at $36.6 per unit in September 2023, rising by 9.1% against the previous month. Overall, the import price, however, continues to indicate a slight decrease. The pace of growth was the most pronounced in February 2023 when the average import price increased by 216% month-to-month. The import price peaked at $57.3 per unit in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Germany ($118 per unit), while the price for China ($8.3 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Motorcycle Tire Price in Hong Kong SAR (FOB) - 2022
The average motorcycle tire export price stood at $23 per unit in 2022, falling by -9.4% against the previous year. In general, the export price, however, recorded strong growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 64%. The export price peaked at $41 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($160 per unit), while the average price for exports to Macao SAR ($13 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+44.0%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of new pneumatic tyres for motorcycles, when their volume decreased by -9.3% to 263K units. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 40%. Over the period under review, imports reached the maximum at 291K units in 2021, and then dropped in the following year.
In value terms, motorcycle tire imports reduced slightly to $9.8M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at $9.9M in 2021, and then declined in the following year.
| Import of Motorcycle Tire in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1.3 | 3.1 | 3.4 | 3.1 | 33.6% |
| Japan | 1.4 | 1.5 | 1.4 | 1.6 | 4.6% |
| Germany | 2.5 | 1.3 | 1.5 | 1.6 | -13.8% |
| Spain | 0.4 | 0.9 | 0.8 | 1.2 | 44.2% |
| United States | N/A | 0.9 | 0.8 | 1.0 | 5.4% |
| China | 0.9 | 0.8 | 0.8 | 1.0 | 3.6% |
| Thailand | 0.2 | 0.2 | 0.4 | 0.2 | 0.0% |
| Slovenia | 0.3 | 0.3 | 0.3 | N/A | 0.0% |
| Brazil | 0.2 | 0.2 | N/A | N/A | 0.0% |
| Others | N/A | 0.1 | 0.4 | N/A | 300.0% |
| Total | 7.2 | 9.4 | 9.9 | 9.8 | 10.8% |
Top Suppliers of Motorcycle Tire to Hong Kong SAR in 2022:
- Indonesia (111.3K units)
- China (54.0K units)
- Japan (36.4K units)
- Spain (31.2K units)
- Germany (16.7K units)
- United States (7.8K units)
- Thailand (4.4K units)
Motorcycle Tire Exports in Hong Kong SAR
In 2022, approx. 202K units of new pneumatic tyres for motorcycles were exported from Hong Kong SAR; surging by 8.5% against the previous year. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 159% against the previous year. As a result, the exports attained the peak of 214K units. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, motorcycle tire exports fell modestly to $4.6M in 2022. Over the period under review, exports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 111% against the previous year. Over the period under review, the exports hit record highs at $4.7M in 2021, and then declined in the following year.
| Export of Motorcycle Tire in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 783 | 2,248 | 2,563 | 2,473 | 46.7% |
| Singapore | N/A | 687 | 854 | 1,110 | 27.1% |
| China | 581 | 372 | 569 | 440 | -8.8% |
| Macao SAR | 35.1 | 84.1 | 205 | 322 | 109.3% |
| Cambodia | 87.9 | 95.2 | 145 | 177 | 26.3% |
| Vietnam | 291 | 200 | 318 | 28.0 | -54.2% |
| Others | 3.1 | 78.0 | 33.3 | 57.1 | 164.1% |
| Total | 1,781 | 3,764 | 4,687 | 4,607 | 37.3% |
Top Export Markets for Motorcycle Tire from Hong Kong SAR in 2022:
- Taiwan (Chinese) (147.6K units)
- Macao SAR (24.8K units)
- China (14.6K units)
- Singapore (6.9K units)
- Cambodia (5.2K units)
- Vietnam (0.6K units)
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