Greece: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Greece

In 2022, the Greek retreaded pneumatic tyre market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, recorded a noticeable setback. Retreaded pneumatic tyre consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in Greece

In value terms, retreaded pneumatic tyre production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, saw a deep setback. The growth pace was the most rapid in 2021 when the production volume increased by 7% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Greece

In 2022, after four years of growth, there was significant decline in overseas shipments of retreaded pneumatic tyres, when their volume decreased by -42.4% to X units. Overall, exports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2018 when exports increased by 92% against the previous year. The exports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, retreaded pneumatic tyre exports fell notably to $X in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 210%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) was the main destination for retreaded pneumatic tyre exports from Greece, with a 58% share of total exports. Moreover, retreaded pneumatic tyre exports to Belgium exceeded the volume sent to the second major destination, Bulgaria (X units), threefold. The third position in this ranking was taken by Cyprus (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Belgium amounted to +56.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-5.3% per year) and Cyprus (+8.0% per year).

In value terms, the largest markets for retreaded pneumatic tyre exported from Greece were Belgium ($X), Bulgaria ($X) and the UK ($X), together accounting for 57% of total exports. Romania, Latvia, Germany, Cyprus and Ghana lagged somewhat behind, together comprising a further 33%.

Latvia, with a CAGR of +88.9%, 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 mixed trend patterns.

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, with an increase of 16% against the previous year. Overall, the export price, however, saw a precipitous setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 61%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Cyprus ($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 Latvia (+5.4%), while the prices for the other major destinations experienced a decline.

Retreaded Pneumatic Tyre Imports

Imports into Greece

In 2022, overseas purchases of retreaded pneumatic tyres increased by 3.3% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 85%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports shrank to $X in 2022. In general, imports, however, saw a slight contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X units), China (X units) and Italy (X units) were the main suppliers of retreaded pneumatic tyre imports to Greece, together comprising 91% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +59.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of retreaded pneumatic tyres to Greece, comprising 57% of total imports. The second position in the ranking was held by the UK ($X), with a 14% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from France totaled +62.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-11.5% per year) and the Netherlands (-0.9% per year).

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, falling by -8.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 57% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 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 ($X per unit), while the price for China ($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 (+24.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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