In 2023, the import of new pneumatic tyres of rubber for motorcycles to China stood at approximately 280 thousand units. The forecasted growth reflects a year-on-year increase of about 4.7% from 2024 to 2025, 4.4% from 2025 to 2026, 4.2% from 2026 to 2027, and finally, 3.9% from 2027 to 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 4.3%, indicating a steady upward trend in imports.
Future trends to watch for include:
- Potential impact from China's evolving transportation policies and environmental regulations.
- Growth in domestic motorcycle usage and potential increases in demand for high-quality tires.
- Technological advancements in tyre production and their effects on import patterns.
