EU: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in the EU

The EU retreaded pneumatic tyre market reduced rapidly to $X in 2022, waning by -30.4% against the previous year. Overall, consumption, however, showed modest growth. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Retreaded Pneumatic Tyre Production in the EU

In value terms, retreaded pneumatic tyre production contracted dramatically to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible decrease. The growth pace was the most rapid in 2021 when the production volume increased by 153% against the previous year. As a result, production attained the peak level of $X, and then contracted sharply in the following year.

Retreaded Pneumatic Tyre Exports

Exports in the EU

In 2022, shipments abroad of retreaded pneumatic tyres decreased by -11.6% to X units for the first time since 2015, thus ending a six-year rising trend. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 23%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, retreaded pneumatic tyre exports contracted modestly to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 24% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Germany (X units) and Spain (X units) were the main exporters of retreaded pneumatic tyres in the European Union, together accounting for approx. 47% of total exports. The Netherlands (X units) ranks next in terms of the total exports with a 9.8% share, followed by France (7.9%), Romania (6.6%), Belgium (6.3%), Poland (5.7%) and Italy (5.7%). The following exporters - Portugal (X units) and Hungary (X units) - each reached a 4.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +14.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest retreaded pneumatic tyre supplier in the European Union, comprising 36% of total exports. The second position in the ranking was held by Spain ($X), with a 15% share of total exports. It was followed by France, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at +1.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Spain (+6.3% per year) and France (-2.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, rising by 13% against the previous year. In general, the export price, however, continues to indicate a slight decrease. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Hungary ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.7%), while the other leaders experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports in the EU

In 2022, supplies from abroad of retreaded pneumatic tyres increased by 13% to X units, rising for the fourth year in a row after two years of decline. The total import volume increased at an average annual rate of +1.3% 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 2021 with an increase of 20%. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, retreaded pneumatic tyre imports amounted to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Imports by Country

The Netherlands (X units) and France (X units) represented roughly 49% of total imports in 2022. Spain (X units) ranks next in terms of the total imports with an 8.6% share, followed by Austria (7.3%), Poland (6.8%), Italy (4.8%) and Germany (4.5%).

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +10.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre importing markets in the European Union were France ($X), the Netherlands ($X) and Germany ($X), with a combined 46% share of total imports. Austria, Spain, Poland and Italy lagged somewhat behind, together accounting for a further 23%.

Austria, with a CAGR of +7.0%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, which is down by -11.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2018 when the import price increased by 20% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the import prices remained at a 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 Germany ($X per unit), while the Netherlands ($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 more modest paces of growth.

Source: IndexBox Platform

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