Rubber: new pneumatic tyres, of a kind used on agricultural or forestry vehicles and machines

In 2024, rubber: new pneumatic tyres, of a kind used on agricultural or forestry vehicles and machines trade exhibited significant decline, with global flows reaching $3,348,667,543 and a three-year compound annual growth rate of -2.7% (five-year: +5.0%). The all-time peak of $4,009,185,619 was recorded in 2022; the current level is 16% below that high-water mark.

Over the 30-year observation window (1995–2024), 55% of years recorded positive growth, indicating a mildly upward trajectory with periodic contractions. Trend momentum is decelerating (-3.1% acceleration).

The supply side is moderately concentrated (Herfindahl-Hirschman Index 0.160). The three largest exporters — India ($1.2B), China ($332.8M), and Spain ($222.5M) — collectively dominate supply flows. The leading exporter has grown at +1.8% over the last three years.

On the demand side, importer concentration is diversified (HHI 0.058). The three largest import markets are Germany ($484.7M), United States ($448.2M), and France ($285.7M). The largest importing market sources from 59 different supplying countries.

The dominant trade corridor is India → United States at $229.4M, representing 51.2% of the importer's total demand.

The volatility score for rubber: new pneumatic tyres, of a kind used on agricultural or forestry vehicles and machines is 7 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.

For market entrants, contracting demand signals caution before committing resources. A moderately concentrated market rewards differentiated positioning and strategic partner selection.

Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.