Motorcycle Tire Price in Serbia - 2023
Contents:
- Motorcycle Tire Price in Serbia (FOB) - 2023
- Motorcycle Tire Price in Serbia (CIF) - 2022
- Motorcycle Tire Exports in Serbia
- Motorcycle Tire Imports in Serbia
Motorcycle Tire Price in Serbia (FOB) - 2023
The average motorcycle tire export price stood at $26.2 per unit in October 2023, remaining relatively unchanged against the previous month. Overall, the export price recorded a mild decrease. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 10% month-to-month. As a result, the export price attained the peak level of $36.6 per unit. From May 2023 to October 2023, the the average export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In October 2023, the countries with the highest prices were the UK ($28.7 per unit) and Spain ($28.3 per unit), while the average price for exports to Italy ($21.9 per unit) and Greece ($24.5 per unit) were amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+2.3%), while the prices for the other major destinations experienced a decline.
Motorcycle Tire Price in Serbia (CIF) - 2022
In 2022, the average motorcycle tire import price amounted to $41 per unit, increasing by 6.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2018 when the average import price increased by 12%. The import price peaked at $42 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($116 per unit), while the price for Vietnam ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Exports in Serbia
In 2022, approx. 2.6M units of new pneumatic tyres for motorcycles were exported from Serbia; waning by -6.2% against the year before. Overall, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 18% against the previous year. As a result, the exports reached the peak of 2.8M units, and then shrank in the following year.
In value terms, motorcycle tire exports rose notably to $78M in 2022. The total export value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 26%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Motorcycle Tire in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 24.5 | 22.3 | 28.6 | 29.3 | 6.1% |
| Italy | 15.5 | 13.3 | 18.7 | 21.5 | 11.5% |
| France | 11.0 | 10.0 | 11.4 | 12.1 | 3.2% |
| Germany | 4.2 | 3.3 | 4.8 | 5.4 | 8.7% |
| United Kingdom | 1.7 | 2.0 | 2.5 | 3.3 | 24.7% |
| Greece | 2.9 | 2.7 | 3.3 | 2.5 | -4.8% |
| Brazil | 5.1 | 2.8 | 2.1 | 1.2 | -38.3% |
| Others | 1.8 | 1.9 | 2.1 | 2.3 | 8.5% |
| Total | 66.6 | 58.4 | 73.6 | 77.6 | 5.2% |
Top Export Markets for Motorcycle Tire from Serbia in 2022:
- Spain (924.1K units)
- Italy (794.9K units)
- France (395.4K units)
- Germany (178.8K units)
- United Kingdom (106.5K units)
- Greece (83.9K units)
- Brazil (71.4K units)
Motorcycle Tire Imports in Serbia
After three years of growth, purchases abroad of new pneumatic tyres for motorcycles decreased by -0.6% to 23K units in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 118%. Imports peaked at 24K units in 2021, and then fell modestly in the following year.
In value terms, motorcycle tire imports amounted to $960K in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of 81%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Motorcycle Tire in Serbia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 87.0 | 161 | 188 | 208 | 33.7% |
| Germany | 26.7 | 111 | 109 | 144 | 75.4% |
| France | 59.4 | 93.6 | 125 | 109 | 22.4% |
| Spain | 41.4 | 48.3 | 57.5 | 90.8 | 29.9% |
| China | 15.9 | 86.7 | 41.7 | 83.9 | 74.1% |
| Japan | 20.9 | 38.6 | 42.0 | 65.0 | 46.0% |
| Vietnam | 1.1 | 7.1 | 114 | 65.0 | 289.5% |
| Czech Republic | 17.1 | 26.7 | 41.1 | 54.2 | 46.9% |
| Italy | 16.0 | 6.5 | 124 | 52.6 | 48.7% |
| Thailand | 20.5 | 15.1 | 17.7 | 31.1 | 14.9% |
| Others | 55.9 | 59.4 | 49.1 | 57.0 | 0.7% |
| Total | 362 | 654 | 908 | 960 | 38.4% |
Top Suppliers of Motorcycle Tire to Serbia in 2022:
- Vietnam (5.7K units)
- Slovenia (5.5K units)
- China (3.1K units)
- France (2.1K units)
- Czech Republic (1.2K units)
- Germany (1.2K units)
- Spain (1.2K units)
- Japan (1.0K units)
- Italy (0.7K units)
- Thailand (0.6K units)
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