Israel: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Israel

The Israeli retreaded pneumatic tyre market rose notably to $X in 2022, picking up by 10% against the previous year. The market value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Retreaded pneumatic tyre consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in Israel

In value terms, retreaded pneumatic tyre production reached $X in 2022 estimated in export price. Overall, production showed mild growth. The most prominent rate of growth was recorded in 2014 with an increase of 35%. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Israel

Retreaded pneumatic tyre exports from Israel fell notably to X units in 2022, declining by -53.2% compared with the previous year's figure. Overall, exports, however, saw a noticeable increase. The pace of growth appeared the most rapid in 2017 with an increase of 217%. The exports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, retreaded pneumatic tyre exports dropped to $X in 2022. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for retreaded pneumatic tyre exports from Israel, accounting for a 55% share of total exports. Moreover, retreaded pneumatic tyre exports to South Africa exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The United States (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Africa totaled +17.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-3.4% per year) and the United States (+4.0% per year).

In value terms, the largest markets for retreaded pneumatic tyre exported from Israel were South Africa ($X), the Netherlands ($X) and the United States ($X), together accounting for 76% of total exports. Belgium and the UK lagged somewhat behind, together accounting for a further 18%.

Among the main countries of destination, Belgium, with a CAGR of +9.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, growing by 102% against the previous year. Over the period under review, the export price, however, recorded a abrupt setback. The export price peaked at $X per unit in 2014; however, from 2015 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 the United States ($X per unit), while the average price for exports to South Africa ($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 the Netherlands (+7.4%), while the prices for the other major destinations experienced a decline.

Retreaded Pneumatic Tyre Imports

Imports into Israel

In 2022, the amount of retreaded pneumatic tyres imported into Israel soared to X units, rising by 108% against the previous year's figure. Overall, imports saw a relatively flat trend pattern. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, retreaded pneumatic tyre imports soared to $X in 2022. In general, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 220% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units), the Netherlands (X units) and France (X units) were the main suppliers of retreaded pneumatic tyre imports to Israel, with a combined 70% share of total imports. Thailand, the UK, China, Spain and Germany lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre suppliers to Israel were the Netherlands ($X), France ($X) and the United States ($X), together comprising 71% of total imports. Thailand, the UK, Spain, China and Germany lagged somewhat behind, together comprising a further 28%.

Thailand, with a CAGR of +38.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, surging by 6.1% against the previous year. Over the period under review, the import price showed a noticeable increase. The most prominent rate of growth was recorded in 2018 an increase of 68% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Germany ($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 United States (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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