Finland: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Finland

In 2022, the Finnish retreaded pneumatic tyre market increased by 6.5% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +43.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Finland

In value terms, retreaded pneumatic tyre production stood at $X in 2022 estimated in export price. In general, the total production indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +18.3% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by 60% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from Finland

In 2022, the amount of retreaded pneumatic tyres exported from Finland fell dramatically to X units, declining by -66% against 2021. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2020 when exports increased by 352% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports declined to $X in 2022. Overall, exports, however, posted a slight increase. The growth pace was the most rapid in 2018 when exports increased by 145% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Norway (X units), Sweden (X units) and Russia (X units) were the main destinations of retreaded pneumatic tyre exports from Finland, together accounting for 57% of total exports. Denmark, Estonia, Gambia, the UK, Guinea and Ghana lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Estonia (with a CAGR of +5.3%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for retreaded pneumatic tyre exported from Finland were Norway ($X), Sweden ($X) and Russia ($X), together comprising 64% of total exports. Denmark, the UK, Estonia, Guinea, Gambia and Ghana lagged somewhat behind, together accounting for a further 30%.

Guinea, with a CAGR of +252.8%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, increasing by 190% against the previous year. Overall, the export price posted a strong increase. The most prominent rate of growth was recorded in 2018 an increase of 196%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Gambia ($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 Guinea (+591.7%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Finland

In 2022, after two years of growth, there was decline in supplies from abroad of retreaded pneumatic tyres, when their volume decreased by -1.1% to X units. Over the period under review, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2019 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 70%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports stood at $X in 2022. Overall, imports, however, showed a strong expansion. The growth pace was the most rapid in 2013 with an increase of 68% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Sweden (X units), the UK (X units) and Estonia (X units) were the main suppliers of retreaded pneumatic tyre imports to Finland, with a combined 80% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +37.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) constituted the largest supplier of retreaded pneumatic tyres to Finland, comprising 43% of total imports. The second position in the ranking was taken by Estonia ($X), with an 18% share of total imports. It was followed by the UK, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from Sweden totaled +40.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Estonia (+6.0% per year) and the UK (+34.2% per year).

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, surging by 10% against the previous year. Overall, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 41% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for Poland ($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 (+69.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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