Motorcycle Tire Price in Portugal - 2023
Contents:
- Motorcycle Tire Price in Portugal (CIF) - 2023
- Motorcycle Tire Price in Portugal (FOB) - 2023
- Motorcycle Tire Imports in Portugal
- Motorcycle Tire Exports in Portugal
Motorcycle Tire Price in Portugal (CIF) - 2023
In August 2023, the average motorcycle tire import price amounted to $66.5 per unit, with an increase of 23% against the previous month. In general, the import price posted tangible growth. The growth pace was the most rapid in November 2022 when the average import price increased by 241% m-o-m. As a result, import price attained the peak level of $81.1 per unit. From December 2022 to August 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($98.6 per unit), while the price for Vietnam ($20.7 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Portugal (FOB) - 2023
In August 2023, the average motorcycle tire export price amounted to $45.2 per unit, which is down by -26.3% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 165% against the previous month. The export price peaked at $138 per unit in February 2023; however, from March 2023 to August 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Spain.
From August 2022 to August 2023, the rate of growth in terms of prices for Spain amounted to +0.3% per month.
Motorcycle Tire Imports in Portugal
In 2022, imports of new pneumatic tyres for motorcycles into Portugal soared to 263K units, growing by 96% against 2021 figures. In general, imports enjoyed a pronounced expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire imports soared to $9.1M in 2022. Over the period under review, total imports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Motorcycle Tire in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3,066 | 3,209 | 2,816 | 3,642 | 5.9% |
| Taiwan (Chinese) | 422 | 513 | 621 | 1,379 | 48.4% |
| Belgium | 717 | N/A | 83.7 | 922 | 8.7% |
| China | 187 | 290 | 263 | 592 | 46.8% |
| Slovenia | N/A | 129 | 508 | 536 | 103.8% |
| Czech Republic | 0.2 | 1.1 | 0.2 | 527 | 1281.2% |
| Netherlands | 1,101 | 701 | 555 | 463 | -25.1% |
| Germany | 182 | 154 | 193 | 270 | 14.1% |
| Thailand | 88.3 | 70.0 | 74.0 | 138 | 16.0% |
| Vietnam | 50.6 | 48.1 | 47.4 | 120 | 33.4% |
| South Korea | 166 | 111 | 138 | 117 | -11.0% |
| Brazil | 115 | 46.1 | 178 | 101 | -4.2% |
| France | 661 | 318 | 990 | 74.8 | -51.6% |
| Others | 72.8 | 50.9 | 102 | 241 | 49.0% |
| Total | 6,829 | 5,642 | 6,568 | 9,122 | 10.1% |
Top Suppliers of Motorcycle Tire to Portugal in 2022:
- Spain (56.4K units)
- China (53.2K units)
- Taiwan (Chinese) (35.8K units)
- Netherlands (32.3K units)
- Belgium (17.4K units)
- Vietnam (13.3K units)
- Slovenia (11.5K units)
- Czech Republic (11.1K units)
- Thailand (10.6K units)
- South Korea (5.0K units)
- Germany (4.1K units)
- Brazil (3.3K units)
- France (0.7K units)
Motorcycle Tire Exports in Portugal
For the fourth year in a row, Portugal recorded growth in shipments abroad of new pneumatic tyres for motorcycles, which increased by 116% to 49K units in 2022. Overall, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire exports soared to $2M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Motorcycle Tire in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 368 | 541 | 868 | 1,899 | 72.8% |
| Netherlands | 35.9 | 78.0 | 5.3 | 17.0 | -22.1% |
| Hong Kong SAR | N/A | 29.0 | 114 | N/A | 293.1% |
| South Africa | 59.0 | N/A | N/A | N/A | 0% |
| Others | 108 | 27.8 | 136 | 110 | 0.6% |
| Total | 571 | 676 | 1,122 | 2,026 | 52.5% |
Top Export Markets for Motorcycle Tire from Portugal in 2022:
- Spain (47.4K units)
- Netherlands (0.1K units)
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