Outlook for global tire sector and tire imports to the US is turning increasingly fragile even as US motor imports have registered a steep year-on-year decline of approximately 38% in May 2025 (in number of shipments), coupled with a staggering month-on-month drop ((in number of shipments) of about 43%, as per US Customs data.
Highlights
• Truck tire imports from Thailand fell 41% YoY in Jan-Feb 2025
• Q1 2025 tire imports rise 3–4% year-on-year
• Vietnam, Japan, Cambodia gain as China, Thailand falter