In 2023, the import of new pneumatic tyres of rubber for bicycles to Singapore stood at 231.7 thousand units. For the forecasted years starting from 2024, there is a gradually declining trend:
• 2024: 230.4 (-0.56%)
• 2025: 229.12 (-0.56%)
• 2026: 227.86 (-0.55%)
• 2027: 226.63 (-0.54%)
• 2028: 225.43 (-0.53%)
The Compound Annual Growth Rate (CAGR) over these five years is -0.56%, reflecting a small but consistent decrease in the import of these tyres.
Future trends to watch for include developments in e-bikes and alternative commuting methods, which may affect demand. Additionally, advancements in tyre technology and materials could also influence import volumes, along with sustainability initiatives promoting longer-lasting or recyclable tyres.
