Belgium: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Belgium

In 2022, the Belgian retreaded pneumatic tyre market was finally on the rise to reach $X for the first time since 2014, thus ending a seven-year declining trend. In general, consumption enjoyed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Retreaded Pneumatic Tyre Production in Belgium

In value terms, retreaded pneumatic tyre production fell to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2013 when the production volume increased by 15%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Belgium

After two years of growth, overseas shipments of retreaded pneumatic tyres decreased by -62.6% to X units in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 137% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then reduced notably in the following year.

In value terms, retreaded pneumatic tyre exports dropped slightly to $X in 2022. Over the period under review, exports showed a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of 38%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units), Benin (X units) and Libya (X units) were the main destinations of retreaded pneumatic tyre exports from Belgium, with a combined 40% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Libya (with a CAGR of +260.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for retreaded pneumatic tyre exported from Belgium were Turkey ($X), the Netherlands ($X) and France ($X), with a combined 46% share of total exports. The United Arab Emirates, Ukraine, Benin, Angola, Libya, Senegal, Cote d'Ivoire, Niger, Mali and Gabon lagged somewhat behind, together accounting for a further 8.6%.

Among the main countries of destination, Libya, with a CAGR of +115.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, growing by 166% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Benin (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Belgium

After seven years of growth, supplies from abroad of retreaded pneumatic tyres decreased by -1.2% to X units in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.0% against 2013 indices. The most prominent rate of growth was recorded in 2013 with an increase of 33% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then contracted in the following year.

In value terms, retreaded pneumatic tyre imports expanded remarkably to $X in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, France (X units) constituted the largest retreaded pneumatic tyre supplier to Belgium, with a 70% share of total imports. Moreover, retreaded pneumatic tyre imports from France exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by the Netherlands (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from France amounted to +44.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.4% per year) and the Netherlands (-6.8% per year).

In value terms, France ($X) constituted the largest supplier of retreaded pneumatic tyres to Belgium, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by the Netherlands, with a 16% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +42.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.5% per year) and the Netherlands (-6.2% per year).

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, growing by 11% against the previous year. Over the period under review, the import price, however, recorded a pronounced setback. The growth pace was the most rapid in 2014 an increase of 15% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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