Benelux: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Benelux

In 2021, the Benelux passenger car tyre market increased by 4.9% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; afterwards, it flattened through to 2021.

Passenger Car Tyre Production in Benelux

In value terms, passenger car tyre production declined significantly to $X in 2021 estimated in export price. The total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +22.1% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 44%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Passenger Car Tyre Exports

Exports in Benelux

In 2021, shipments abroad of tyres for motor cars increased by 12% to X units, rising for the second year in a row after three years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports soared to $X in 2021. Overall, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 29% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, the Netherlands (X units) represented the major exporter of tyres for motor cars, achieving 69% of total exports. It was distantly followed by Belgium (X units), comprising a 30% share of total exports.

The Netherlands experienced a relatively flat trend pattern with regard to volume of exports of tyres for motor cars. Belgium (-1.5%) illustrated a downward trend over the same period. While the share of the Netherlands (+6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-3.7 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest passenger car tyre supplier in Benelux, comprising 72% of total exports. The second position in the ranking was taken by Belgium ($X), with a 28% share of total exports.

In the Netherlands, passenger car tyre exports expanded at an average annual rate of +1.8% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per unit in 2021, increasing by 3.7% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 18%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.0%).

Passenger Car Tyre Imports

Imports in Benelux

In 2021, the amount of tyres for motor cars imported in Benelux amounted to X units, increasing by 12% against the previous year. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, passenger car tyre imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the key importing country with an import of about X units, which amounted to 65% of total imports. It was distantly followed by Belgium (X units), committing a 32% share of total imports. Luxembourg (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the tyres for motor cars imports, with a CAGR of +2.2% from 2012 to 2021. Belgium (-1.9%) and Luxembourg (-2.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +8.8 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Netherlands ($X) constitutes the largest market for imported tyres for motor cars in Benelux, comprising 67% of total imports. The second position in the ranking was taken by Belgium ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the Netherlands amounted to +3.4%. In the other countries, the average annual rates were as follows: Belgium (-2.6% per year) and Luxembourg (-5.0% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, rising by 9% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 10%. Over the period under review, import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform