Europe: Tyre Market 2024

Tyre Market Size in Europe

In 2022, the Europe tyre market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tyre Production in Europe

In value terms, tyre production expanded remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a slight downturn. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tyre Exports

Exports in Europe

In 2022, shipments abroad of tyres increased by X% to X units, rising for the second year in a row after three years of decline. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, tyre exports expanded slightly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Germany (X units), distantly followed by Poland (X units), the Netherlands (X units), Spain (X units), Romania (X units), the Czech Republic (X units), Hungary (X units), France (X units) and Slovakia (X units) represented the key exporters of tyres, together making up X% of total exports. The following exporters - Russia (X units), Portugal (X units), Italy (X units) and Serbia (X units) - each resulted at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to tyre exports from Germany stood at X%. At the same time, Serbia (X%), Russia (X%), Romania (X%), Slovakia (X%), Hungary (X%), the Netherlands (X%), Poland (X%) and Spain (X%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Portugal and the Czech Republic experienced a relatively flat trend pattern. By contrast, Italy (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Serbia, Romania, the Netherlands, Hungary, Russia and Poland increased by X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Germany, tyre exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, declining by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Tyre Imports

Imports in Europe

In 2022, purchases abroad of tyres increased by X% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, tyre imports expanded rapidly to $X in 2022. Overall, imports showed mild growth. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

The purchases of the twelve major importers of tyres, namely Germany, the Netherlands, France, Italy, the UK, Russia, Spain, Poland, Belgium, the Czech Republic, Slovakia and Romania, represented more than two-thirds of total import.

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

In value terms, the largest tyre importing markets in Europe were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. The UK, Italy, Russia, Spain, Belgium, Poland, the Czech Republic, Slovakia and Romania lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded 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

The import price in Europe stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the import price saw a mild curtailment. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 Belgium ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform