France: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in France

In 2021, after two years of decline, there was significant growth in the French passenger car tyre market, when its value increased by 54% to $X. Over the period under review, the total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Passenger Car Tyre Production in France

In value terms, passenger car tyre production totaled $X in 2021 estimated in export price. Over the period under review, production, however, showed a deep reduction. The pace of growth appeared the most rapid in 2017 when the production volume increased by 18% against the previous year. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Passenger Car Tyre Exports

Exports from France

In 2021, exports of tyres for motor cars from France reduced to X units, declining by -7.5% against 2020. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2019 when exports increased by 7.2%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports expanded sharply to $X in 2021. Overall, exports saw a perceptible slump. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for passenger car tyre exports from France, accounting for a 22% share of total exports. Moreover, passenger car tyre exports to Germany exceeded the volume sent to the second major destination, Spain (X units), twofold. Belgium (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at -10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-5.1% per year) and Belgium (-1.5% per year).

In value terms, Germany ($X) remains the key foreign market for tyres for motor cars exports from France, comprising 21% of total exports. The second position in the ranking was taken by Belgium ($X), with a 10% share of total exports. It was followed by the United States, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to -6.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+4.2% per year) and the United States (-0.4% per year).

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, increasing by 20% against the previous year. In general, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car tyre export price increased by +72.5% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28%. The export price peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into France

After four years of decline, overseas purchases of tyres for motor cars increased by 23% to X units in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car tyre imports soared to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), China (X units) and Spain (X units) were the main suppliers of passenger car tyre imports to France, together comprising 45% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +7.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre suppliers to France were Germany ($X), Spain ($X) and China ($X), together comprising 45% of total imports. Italy, the Netherlands, the Czech Republic, Hungary, Poland, Belgium, Romania, South Korea, Portugal and the UK lagged somewhat behind, together comprising a further 47%.

Among the main suppliers, the Czech Republic, with a CAGR of +6.4%, saw 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 2021, the average passenger car tyre import price amounted to $X per unit, surging by 12% against the previous year. In general, the import price continues to indicate a slight expansion. The most prominent rate of growth was recorded in 2018 an increase of 25% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :