Belgium: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Belgium

In 2021, the Belgian passenger car tyre market was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, saw a mild decrease. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Passenger Car Tyre Production in Belgium

In value terms, passenger car tyre production amounted to $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 2015 with an increase of 129%. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Passenger Car Tyre Exports

Exports from Belgium

In 2021, shipments abroad of tyres for motor cars increased by 0.3% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, continue to indicate a mild decline. The most prominent rate of growth was recorded in 2016 with an increase of 9.5% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports rose sharply to $X in 2021. Overall, exports, however, showed a mild reduction. The most prominent rate of growth was recorded in 2018 with an increase of 12%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units), Germany (X units) and the Netherlands (X units) were the main destinations of passenger car tyre exports from Belgium, together accounting for 53% of total exports. Italy, Sweden, Poland, Spain, Luxembourg, the UK, the Czech Republic and the United States lagged somewhat behind, together accounting for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +22.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Sweden ($X) were the largest markets for passenger car tyre exported from Belgium worldwide, with a combined 48% share of total exports. These countries were followed by the Netherlands, Italy, Luxembourg, the United States, Poland, the UK, Spain and the Czech Republic, which together accounted for a further 38%.

The United States, with a CAGR of +19.3%, 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, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average passenger car tyre export price amounted to $X per unit, picking up by 9.7% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 12%. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into Belgium

In 2021, purchases abroad of tyres for motor cars was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a mild downturn. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports rose markedly to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of passenger car tyre imports to Belgium, with a combined 43% share of total imports. These countries were followed by Italy, the Netherlands, Portugal, Poland, the Czech Republic, Turkey, Sweden, Spain, Romania and Japan, which together accounted for a further 47%.

From 2012 to 2021, the biggest increases were recorded for Sweden (with a CAGR of +84.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre suppliers to Belgium were France ($X), Germany ($X) and Italy ($X), with a combined 38% share of total imports. These countries were followed by China, the Netherlands, Portugal, the Czech Republic, Sweden, Japan, Turkey, Romania, Spain and Poland, which together accounted for a further 52%.

Sweden, with a CAGR of +84.4%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average passenger car tyre import price amounted to $X per unit, growing by 8.4% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 9.3% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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