Denmark: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Denmark

The Danish retreaded pneumatic tyre market surged to $X in 2022, growing by 139% against the previous year. Overall, consumption, however, continues to indicate a abrupt descent. Retreaded pneumatic tyre consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in Denmark

In value terms, retreaded pneumatic tyre production rose remarkably to $X in 2022 estimated in export price. In general, production, however, saw a slight contraction. The most prominent rate of growth was recorded in 2019 with an increase of 118%. Retreaded pneumatic tyre production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Denmark

In 2022, overseas shipments of retreaded pneumatic tyres decreased by -22% to X units, falling for the third consecutive year after two years of growth. In general, exports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 804%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, retreaded pneumatic tyre exports expanded sharply to $X in 2022. Overall, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 115%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Benin (X units), Nigeria (X units) and Mozambique (X units) were the main destinations of retreaded pneumatic tyre exports from Denmark, with a combined 91% share of total exports. Norway, Greenland, Germany, the Netherlands and Sweden lagged somewhat behind, together accounting for a further 8.5%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +27.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Greenland ($X), Germany ($X) and the Netherlands ($X) constituted the largest markets for retreaded pneumatic tyre exported from Denmark worldwide, with a combined 75% share of total exports.

Among the main countries of destination, the Netherlands, with a CAGR of +34.9%, recorded the highest rates of growth with regard to 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

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, rising by 36% against the previous year. In general, the export price, however, showed a sharp slump. The pace of growth was the most pronounced in 2020 when the average export price increased by 119%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Nigeria ($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 the Netherlands (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Denmark

In 2022, approx. X units of retreaded pneumatic tyres were imported into Denmark; with a decrease of -2.2% against the year before. Over the period under review, imports continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 12% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, retreaded pneumatic tyre imports skyrocketed to $X in 2022. In general, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest retreaded pneumatic tyre supplier to Denmark, accounting for a 88% share of total imports. Moreover, retreaded pneumatic tyre imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. The third position in this ranking was held by Sweden (X units), with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+38.4% per year) and Sweden (-16.0% per year).

In value terms, Germany ($X) constituted the largest supplier of retreaded pneumatic tyres to Denmark, comprising 87% of total imports. The second position in the ranking was taken by Spain ($X), with a 5.6% share of total imports. It was followed by Sweden, with a 2.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to -5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+33.5% per year) and Sweden (-17.8% per year).

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, with an increase of 22% against the previous year. Overall, the import price, however, continues to indicate a slight reduction. The most prominent rate of growth was recorded in 2021 an increase of 27%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Spain ($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 UK (+10.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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