The global export market for new pneumatic tyres of rubber for buses or lorries is dominated by China, with a significant share increase of 2.64% in 2023. The United States, Thailand, Slovakia, and Poland also show positive growth in exports, with Slovakia witnessing a notable increase of nearly 3%. In Europe, Germany, a key player, has observed a slight decline in its export share. Meanwhile, emerging markets such as Russia and Serbia are experiencing substantial growth rates, making them noteworthy contenders in this segment.
Future trends to watch include China's continued expansion potentially increasing its market share further. Additionally, the rise of electric buses may alter future demand, potentially favoring countries investing in green technology. Watch for innovations in sustainable tyre manufacturing, as this could shift export dynamics significantly.
Top countries in Export of New Pneumatic Tyres of Rubber for Buses or Lorries Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 35.85 | 2023 | +2.54% | +2.64% | View data |
| 2 | 2 United States | 7.63 | 2023 | +0.62% | +0.38% | View data |
| 3 | 3 Thailand | 7.51 | 2023 | +3.55% | +2.71% | View data |
| 4 | 4 Germany | 4.79 | 2023 | +0.33% | -0.05% | View data |
| 5 | 5 Slovakia | 4.58 | 2023 | +2.23% | +2.99% | View data |
| 6 | 6 South Korea | 3.83 | 2023 | -0.63% | -0.54% | View data |
| 7 | 7 Japan | 3.59 | 2023 | -3.64% | -2.42% | View data |
| 8 | 8 Spain | 3.33 | 2023 | +0.62% | -0.51% | View data |
| 9 | 9 Canada | 3.14 | 2023 | -0.98% | -0.11% | View data |
| 10 | 10 Poland | 3.13 | 2023 | +2.04% | +0.59% | View data |
