Europe: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Europe

The Europe retreaded pneumatic tyre market dropped significantly to $X in 2022, declining by -25% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank rapidly in the following year.

Retreaded Pneumatic Tyre Production in Europe

In value terms, retreaded pneumatic tyre production fell notably to $X in 2022 estimated in export price. In general, production saw a noticeable setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by 111% against the previous year. As a result, production reached the peak level of $X, and then dropped sharply in the following year.

Retreaded Pneumatic Tyre Exports

Exports in Europe

After three years of growth, shipments abroad of retreaded pneumatic tyres decreased by -11.2% to X units in 2022. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when exports increased by 19% against the previous year. The volume of export peaked at X units in 2021, and then reduced in the following year.

In value terms, retreaded pneumatic tyre exports contracted slightly 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 with an increase of 23%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units) and Spain (X units) represented roughly 44% of total exports in 2022. It was distantly followed by the Netherlands (X units), France (X units), Romania (X units), Belgium (X units), the UK (X units), Poland (X units) and Italy (X units), together committing a 45% share of total exports. The following exporters - Portugal (X units) and Hungary (X units) - each amounted to a 4.1% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Hungary (with a CAGR of +14.4%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest retreaded pneumatic tyre supplier in Europe, comprising 33% of total exports. The second position in the ranking was taken by Spain ($X), with a 14% share of total exports. It was followed by France, with an 11% share.

From 2012 to 2022, the average annual growth rate of value in Germany totaled +1.3%. In the other countries, the average annual rates were as follows: Spain (+6.3% per year) and France (-2.6% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, with an increase of 12% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 13% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 the UK (+12.8%), while the other leaders experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports in Europe

In 2022, overseas purchases of retreaded pneumatic tyres increased by 18% 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 +1.7% 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 22%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, retreaded pneumatic tyre imports reached $X in 2022. The total import value increased at an average annual rate of +3.4% 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 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

The Netherlands (X units) and France (X units) were the main importers of retreaded pneumatic tyres in 2022, reaching near 25% and 17% of total imports, respectively. The UK (X units) took an 8.7% share (based on physical terms) of total imports, which put it in second place, followed by Spain (7.3%), Austria (6.3%) and Poland (5.8%). The following importers - Italy (X units), Germany (X units), Ukraine (X units), Hungary (X units), Belgium (X units) and Sweden (X units) - together made up 18% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ukraine (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, together comprising 39% of total imports. The UK, Austria, Spain, Poland, Belgium, Hungary, Sweden, Italy and Ukraine lagged somewhat behind, together comprising a further 40%.

Hungary, with a CAGR of +16.9%, saw the highest rates of growth with regard to the value of imports, in terms of 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 Europe amounted to $X per unit, reducing by -14.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2018 when the import price increased by 14% 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.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($X per unit), while Ukraine ($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