The import value of new pneumatic tyres of rubber for motorcycles to Australia is forecasted to see steady, albeit minimal, year-on-year growth. Starting from $22.231 million in 2024, the import value is expected to rise incrementally to $22.308 million by 2028. Based on the data, the year-on-year growth rates are consistently low, indicating minimal growth.
In 2023, the import value stood at $22.21 million, showcasing moderate growth when compared with forecasted values. The Compound Annual Growth Rate (CAGR) over the five-year forecasted period is expected to be very close to negligible but positive, reflective of a stable import market with little volatility.
Future trends to monitor include potential market influencers such as more robust consumer demand for motorcycles, advancements in tyre technology, changes in import tariffs, and shifts in global trade dynamics post-pandemic. Other factors include environmental regulations driving a shift to more sustainable materials in tyre production and emerging markets for motorcycle use in urban ecosystems.
