Rubber Tires Trade, Exporters and Importers Statistics

The tire export enterprise is an industry that plays a sizeable role in the worldwide trade marketplace. As it provides a footprint suitable to the vehicle's weight, tires are a crucial part of an automobile. With advancements in technology, developing required cars, and increasing international trading networks, tire export and manufacturing are poised to increase. The HS code for rubber tires is 4011. The international tire marketplace is projected to be a massive industry in global trade in the years yet to come. With a total value of $93 billion in tire exports in 2023, tires ranked as the 34th most traded product in the international trade market. Rubber tire exports account for a market proportion of 0.4% of worldwide trade. In 2023, China ($21.3 billion), Thailand ($6.94 billion), Germany ($6.28 billion), Japan ($5.54 billion), and the United States ($5.20 billion) were the main tire exporters. In this article, we will delve into the tire export statistics for 2023, analyze the current trends, and highlight the top tire exporters in the world.

A Closer Look at Tire Exports by Continent

Rubber tire exports grew by $1 billion between 2022 and 2023, from $92 billion to $93 billion. China, Thailand, Germany, Japan, and the USA are the top 5 exporters of rubber tires. Together, the 5 exporters accounted for 45.6% of the cost of all rubber tires that had been exported in 2023. Asian nations were the international suppliers of new rubber tires with the biggest USD value exported in 2023 among all continents. 

• 50% of global tire exports, or $45.8 billion, came from Asia. 
• Out of the total amount sent worldwide, 37.6% came from exporters in Europe. 
• The remaining 9.3% came from North America. 
• Latin America had 2.5% of tire exports which includes the Caribbean but excludes Mexico.
• Lower percentages came from Africa (0.6%), and Oceania (0.1%), led by Australia, New Zealand, and Pitcairn, 

Who are the biggest tire exporters in the world?

When it involves tire exports or rubber tire exports, numerous countries stand out as key players in the international marketplace. These countries are expected to play a huge feature in shaping the destiny of the tire export marketplace. China is the world's biggest tire exporter with exports worth $21.33 billion in 2023 and $18.87 billion in 2022. The top 10 tire exporters globally in 2023 encompass:

1. China: $21.33 billion
2. Thailand: $6.94 billion
3. Germany: $6.28 billion
4. Japan: $5.54 billion
5. USA: $5.20 billion
6. South Korea: $3.24 billion
7. India: $3 billion
8. Spain: $3.61 billion
9. Poland: $2.93 billion
10. France: $2.75 billion

Statistical comparison of the major tire exporters between 2022 and 2023

Tire exports had a total value of $92 billion in 2022, while the value of tire exports accounted for $93 billion in 2023 globally. The below table shows the tire export statistics of the top 10 tire exporters between 2022 and 2023.

Tire Imports by Country: Who are the biggest tire importers in the world?

Tire imports had a total value of $99.46 billion in 2022, while total tire imports accounted for $99 billion in 2023. The USA is the biggest tire importer in the world. The top 10 major tire importers in 2022 include the USA ($19.2 billion), Germany ($7.6 billion), France ($4.2 billion), Mexico ($4.0 billion), Canada ($3.5 billion), Netherlands ($3.5 billion), United Kingdom ($3.0 billion), Australia ($2.9 billion), Italy ($2.8 billion), and Spain ($2.0 billion). The biggest tire importers in 2023 are the USA ($19.53 billion), Germany ($7.77 billion), France ($4.79 billion), Mexico ($4.15 billion), Canada ($3.43 billion), Netherlands ($3.41 billion), United Kingdom ($3.16 billion), Italy ($3.15 billion), Australia ($2.45 billion), and Spain ($2.31 billion). The top tire importers have a huge impact on the overall economic growth of the global tire trade market.

Who are the largest Tire exporting and manufacturing companies?

The top ten tire companies listed below accounted for two-thirds (67%) of all tire sales worldwide. The top 10 tire manufacturing-exporting companies with their annual revenue in 2023 include:

1. Continental AG (Germany): $41.52 billion
2. Michelin (France): $30.61 billion
3. Bridgestone (Japan): $30.39 billion
4. Goodyear Tire and Rubber Company (USA): $20.06 billion
5. Sumitomo Rubber Industries (Japan): $7.87 billion
6. Pirelli (Italy): $7.20 billion
7. Hankook Tire (South Korea): $6.79 billion
8. Yokohama Rubber Company (Japan): $5.50 billion
9. Zhongce Rubber Group Co. Ltd (China): $4.17 billion
10. Maxxis Tires (Taiwan): $21.4 million

What are the major tire export varieties?

Tires comprise various material types and varieties such as Elastomers, Reinforcing Fillers, Plasticizers, Chemicals, Metal Reinforcements, and Textile Reinforcements. The biggest tire export varieties in 2023 include:

1. New pneumatic tires of rubber used for motor cars (HS Code 401110): $45.26 billion
2. Pneumatic tires of rubber used for buses and lorries (HS Code 401120): $29.62 billion
3. Tires of rubber used in construction, mining, or industrial handling (HS Code 401180): $7.88 billion           
4. New pneumatic tires of rubber used on agricultural or forestry vehicles (HS Code 401170): $3.84 billion 
5. New pneumatic tires of rubber used for motorcycles (HS Code 401140): $2.21 billion
6. New pneumatic tires of rubber for custom use (HS Code 401190): $1.79 billion
7. New pneumatic tires of rubber used for bicycles (HS Code 401150): $1.33 billion
8. New pneumatic tires of rubber used for aircraft (HS Code 401130): $688.34 billion
9. Pneumatic tires of rubber having a similar tread (HS Code 401161): $1.13 billion
10. Pneumatic tires of rubber having a herringbone (HS Code 401169): $543K

Tire export trends and forecasts for the next 10 years

The majority of tires, which include the ones on cars and bicycles, are a product of pneumatically inflated structures that act as a strong shock absorber because the tire rolls over choppy ground. The marketplace for tire products will increase due to the growing use of high-performance tires with better characteristics like reduced hysteresis and stronger abrasion resistance. Strict environmental legal guidelines can even have a huge effect on the marketplace enlargement for tire materials due to the fact they will enhance the call for eco-tires which might be light-weight and incredibly useful. The shift toward electric-powered vehicles is also impacting the tire export market, with producers specializing in developing tires that are mainly designed to satisfy the particular normal performance necessities of electric cars.

By 2033, the scale of the global tire marketplace is projected to attain USD 144.6 billion. Vehicle use for shifting goods and people has multiplied because of urbanization and globalization. As a result, the market has been driven by a sharp growth in tire production worldwide. Some major tire export trends and forecasts to keep in mind are:

• In 2023, the global market for tire materials was estimated to be worth $96.7 billion.
• From 2023 to 2033, the market size is expected to grow at a CAGR of 4.11%.
• By 2033, the size of the global tire market is projected to reach $144.6 billion.
• Throughout the projection period, North America is anticipated to grow at the quickest rate.

How to find potential tire suppliers at the best price online?

You can now find tire suppliers worldwide at affordable prices with ease. When looking to find potential tire suppliers at the best prices online, TradeImeX is a dependable platform that lets you navigate through various alternatives efficiently. By utilizing TradeImeX, you could search for tire suppliers based on your precise necessities along with fee range, high-quality standards, and transport choices. The platform gives a consumer-pleasant interface that permits you to examine more than one supplier's effects, ensuring you discover a high-quality deal that aligns together with your wishes. With TradeImeX, you could streamline your supplier search manner and steady value-effective tire options from reliable tire sellers, ultimately optimizing your procurement approach. Contact us at info@tradeimex.in for extra info on tire suppliers online.

Conclusion

In conclusion, the tire export marketplace in 2023 is poised for an increase, fueled by evolving consumer choices, technological improvements, and shifting enterprise dynamics. By keeping a near eye on today's tire export statistics, tendencies, and top exporters, organizations can stay in advance of the curve and role themselves for achievement in this fast-paced and aggressive industry.

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