France: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in France

In 2022, the French truck and bus tyre market decreased by -1.1% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption recorded a slight slump. Truck and bus tyre consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Tyres For Buses Or Lorries in France

In value terms, truck and bus tyre production declined to $X in 2022 estimated in export price. In general, production, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 16%. Truck and bus tyre production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports from France

In 2022, shipments abroad of tyres for buses or lorries increased by 9.7% to X units, rising for the second year in a row after four years of decline. Overall, exports, however, saw a mild reduction. The most prominent rate of growth was recorded in 2021 with an increase of 24%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck and bus tyre exports declined to $X in 2022. In general, exports, however, recorded a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 25% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Italy (X units) and the Netherlands (X units) were the main destinations of truck and bus tyre exports from France, with a combined 48% share of total exports. Spain, Belgium, the UK, Turkey, Poland, the United States, Luxembourg, Hungary, Sweden and Switzerland lagged somewhat behind, together comprising a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of +5.3%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for truck and bus tyre exported from France worldwide, with a combined 46% share of total exports. Luxembourg, Poland, Italy, the UK, Spain, Sweden, the United States, Turkey, Hungary and Switzerland lagged somewhat behind, together accounting for a further 45%.

Sweden, with a CAGR of +6.3%, recorded the highest growth rate of the value of exports, among 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

The average truck and bus tyre export price stood at $X per unit in 2022, shrinking by -19.2% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 17% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to Italy ($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 Sweden (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into France

In 2022, purchases abroad of tyres for buses or lorries decreased by -3% to X units for the first time since 2019, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +2.3% over the period 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 2017 when imports increased by 25% against the previous year. Imports peaked at X units in 2021, and then fell slightly in the following year.

In value terms, truck and bus tyre imports stood at $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), Slovakia (X units) and Spain (X units) were the main suppliers of truck and bus tyre imports to France, with a combined 40% share of total imports. Italy, Turkey, Poland, Romania, China, the Czech Republic, Belgium, the Netherlands, Luxembourg and the UK lagged somewhat behind, together accounting for a further 53%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +12.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest truck and bus tyre suppliers to France were Germany ($X), Spain ($X) and Poland ($X), with a combined 50% share of total imports. Italy, Romania, Slovakia, Belgium, the Netherlands, China, the Czech Republic, Turkey, Luxembourg and the UK lagged somewhat behind, together accounting for a further 44%.

Among the main suppliers, Romania, with a CAGR of +11.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average truck and bus tyre import price amounted to $X per unit, picking up by 3.7% against the previous year. Over the period under review, the import price, however, showed a noticeable decrease. The pace of growth appeared the most rapid in 2018 an increase of 27% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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