Italy: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Italy

The Italian retreaded pneumatic tyre market dropped rapidly to $X in 2022, falling by -47.1% against the previous year. In general, consumption, however, showed a prominent increase. As a result, consumption attained the peak level of $X, and then dropped significantly in the following year.

Retreaded Pneumatic Tyre Production in Italy

In value terms, retreaded pneumatic tyre production dropped remarkably to $X in 2022 estimated in export price. In general, production recorded a noticeable contraction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 1,475%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Retreaded Pneumatic Tyre Exports

Exports from Italy

In 2022, shipments abroad of retreaded pneumatic tyres decreased by -4.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports saw a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of 47% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports expanded significantly to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 24% 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 stood at a somewhat lower figure.

Exports by Country

Senegal (X units) was the main destination for retreaded pneumatic tyre exports from Italy, accounting for a 41% share of total exports. Moreover, retreaded pneumatic tyre exports to Senegal exceeded the volume sent to the second major destination, Germany (X units), sixfold. The third position in this ranking was taken by Latvia (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Senegal amounted to +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+2.2% per year) and Latvia (+53.2% per year).

In value terms, the largest markets for retreaded pneumatic tyre exported from Italy were Germany ($X), France ($X) and the UK ($X), together accounting for 53% of total exports. Slovenia, Latvia, Switzerland, Spain, Senegal, Romania, Albania, Ghana and Paraguay lagged somewhat behind, together accounting for a further 21%.

Paraguay, with a CAGR of +13.7%, saw 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

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, increasing by 16% against the previous year. Overall, the export price, however, continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 19% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Senegal ($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 Mexico (+20.7%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Italy

In 2022, overseas purchases of retreaded pneumatic tyres increased by 45% to X units, rising for the second consecutive year after two years of decline. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +3.2% 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 +60.1% against 2020 indices. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports contracted to $X in 2022. In general, imports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 36% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The Netherlands (X units), Germany (X units) and France (X units) were the main suppliers of retreaded pneumatic tyre imports to Italy, together accounting for 81% of total imports. Spain, Belgium and Switzerland lagged somewhat behind, together accounting for a further 16%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +11.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre suppliers to Italy were Germany ($X), Spain ($X) and France ($X), together comprising 81% of total imports. The Netherlands, Belgium and Switzerland lagged somewhat behind, together comprising a further 16%.

Belgium, with a CAGR of +10.8%, 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, falling by -38.3% against the previous year. Overall, the import price showed a perceptible descent. The pace of growth appeared the most rapid in 2018 an increase of 31%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted significantly in the following year.

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 Switzerland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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