In 2023, the import value for new pneumatic tyres of rubber for bicycles to China was $20.081 million. From 2024 to 2028, forecasts indicate a steady increase, reaching $22.514 million in 2028. This represents a Compound Annual Growth Rate (CAGR) of approximately 2.25% over the five-year period. Year-on-year growth rates are relatively steady, with minor increases reflecting stable demand and market expansion expectations.
Future trends to watch for include:
- Emerging consumer preferences for eco-friendly and high-performance bicycle tyres.
- Potential impacts of China's environmental policies on the supply and demand of imported tyres.
- Technological advancements in tyre durability and performance that may affect market dynamics.