Argentina: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Argentina

The Argentinian passenger car tyre market rose to $X in 2021, picking up by 3.7% against the previous year. Overall, consumption saw a relatively flat trend pattern. Passenger car tyre consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Passenger Car Tyre Production in Argentina

In value terms, passenger car tyre production reached $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by 15%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Passenger Car Tyre Exports

Exports from Argentina

In 2021, the amount of tyres for motor cars exported from Argentina shrank dramatically to X units, dropping by -35.4% compared with the previous year's figure. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when exports increased by 36% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, passenger car tyre exports fell sharply to $X in 2021. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 24%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) and Brazil (X units) were the main destinations of passenger car tyre exports from Argentina.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +3.0%).

In value terms, the largest markets for passenger car tyre exported from Argentina were the United States ($X) and Brazil ($X).

The United States, with a CAGR of -0.1%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

In 2021, the average passenger car tyre export price amounted to $X per unit, dropping by -11.9% against the previous year. Over the period under review, the export price continues to indicate a perceptible slump. The pace of growth was the most pronounced in 2017 when the average export price increased by 9%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Brazil stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+3.5%), while the prices for the other major destinations experienced a decline.

Passenger Car Tyre Imports

Imports into Argentina

In 2021, purchases abroad of tyres for motor cars increased by 17% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a slight contraction. The pace of growth appeared the most rapid in 2017 with an increase of 17%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, passenger car tyre imports surged to $X in 2021. Overall, imports, however, continue to indicate a pronounced descent. Imports peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X units) constituted the largest passenger car tyre supplier to Argentina, accounting for a 57% share of total imports. Moreover, passenger car tyre imports from Brazil exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Poland (X units), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+21.2% per year) and Poland (+11.4% per year).

In value terms, Brazil ($X) constituted the largest supplier of tyres for motor cars to Argentina, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Poland, with a 3.3% share.

From 2012 to 2021, the average annual growth rate of value from Brazil was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+22.0% per year) and Poland (+12.9% per year).

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2021, picking up by 13% against the previous year. In general, the import price, however, recorded a slight shrinkage. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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