Benelux: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Benelux

For the third consecutive year, the Benelux retreaded pneumatic tyre market recorded growth in sales value, which increased by 42% to $X in 2022. Over the period under review, consumption, however, recorded a perceptible downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in Benelux

In value terms, retreaded pneumatic tyre production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a noticeable decrease. The most prominent rate of growth was recorded in 2015 with an increase of 936% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports in Benelux

After four years of growth, overseas shipments of retreaded pneumatic tyres decreased by -49.7% to X units in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. As a result, the exports reached the peak of X units, and then dropped rapidly in the following year.

In value terms, retreaded pneumatic tyre exports fell dramatically to $X in 2022. Overall, exports showed a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, the Netherlands (X units) represented the key exporter of retreaded pneumatic tyres, comprising 61% of total exports. It was distantly followed by Belgium (X units), constituting a 39% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Netherlands (with a CAGR of +0.2%).

In value terms, Belgium ($X) and the Netherlands ($X) constituted the countries with the highest levels of exports in 2022.

Among the main exporting countries, Belgium, with a CAGR of -1.1%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, increasing by 66% against the previous year. Overall, the export price, however, saw a pronounced reduction. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the Netherlands amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.7%).

Retreaded Pneumatic Tyre Imports

Imports in Benelux

In 2022, supplies from abroad of retreaded pneumatic tyres increased by 21% to X units, rising for the fourth year in a row after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 70% against the previous year. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports shrank to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

The Netherlands dominates imports structure, finishing at X units, which was near 89% of total imports in 2022. It was distantly followed by Belgium (X units), achieving an 8.7% share of total imports. Luxembourg (X units) took a relatively small share of total imports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of imports of retreaded pneumatic tyres. At the same time, Luxembourg (+27.2%) and Belgium (+5.6%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +27.2% from 2012-2022. From 2012 to 2022, the share of Belgium and Luxembourg increased by +3.7 and +2.5 percentage points, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported retreaded pneumatic tyres in Benelux, comprising 59% of total imports. The second position in the ranking was held by Belgium ($X), with a 27% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the Netherlands amounted to +5.5%. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (+3.0% per year) and Luxembourg (+29.6% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, dropping by -28.5% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 85%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($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 Netherlands (+6.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform