MERCOSUR: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in MERCOSUR

The MERCOSUR retreaded pneumatic tyre market fell to $X in 2022, reducing by -4.6% against the previous year. Overall, consumption, however, showed a abrupt slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in MERCOSUR

In value terms, retreaded pneumatic tyre production declined to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 when the production volume increased by 13%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in MERCOSUR

In 2022, approx. X units of retreaded pneumatic tyres were exported in MERCOSUR; waning by -25% against 2021. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2017 with an increase of 100%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, retreaded pneumatic tyre exports fell dramatically to $X in 2022. Overall, exports continue to indicate a noticeable contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 34%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Venezuela (X units), distantly followed by Argentina (X units), Colombia (X units), Brazil (X units), Chile (X units) and Ecuador (X units) represented the key exporters of retreaded pneumatic tyres, together making up 94% of total exports. Peru (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Venezuela (with a CAGR of +20.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Venezuela ($X) remains the largest retreaded pneumatic tyre supplier in MERCOSUR, comprising 54% of total exports. The second position in the ranking was held by Peru ($X), with a 14% share of total exports. It was followed by Brazil, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value in Venezuela totaled +20.5%. In the other countries, the average annual rates were as follows: Peru (+8.5% per year) and Brazil (+19.3% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, with an increase of 11% against the previous year. Over the period under review, the export price saw a prominent expansion. The pace of growth appeared the most rapid in 2014 when the export price increased by 353%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Peru ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+11.3%), while the other leaders experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports in MERCOSUR

In 2022, supplies from abroad of retreaded pneumatic tyres increased by 60% to X units, rising for the third consecutive year after five years of decline. Over the period under review, imports showed pronounced growth. The pace of growth was the most pronounced in 2020 when imports increased by 103%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, retreaded pneumatic tyre imports expanded modestly to $X in 2022. In general, imports, however, showed a mild downturn. The pace of growth was the most pronounced in 2020 when imports increased by 46%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Guyana was the key importing country with an import of about X units, which resulted at 73% of total imports. It was distantly followed by Suriname (X units), Uruguay (X units) and Chile (X units), together comprising a 21% share of total imports. Peru (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to retreaded pneumatic tyre imports into Guyana stood at +4.8%. At the same time, Uruguay (+28.0%) and Suriname (+18.3%) displayed positive paces of growth. Moreover, Uruguay emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +28.0% from 2012-2022. By contrast, Chile (-4.7%) and Peru (-6.2%) illustrated a downward trend over the same period. While the share of Suriname (+7.6 p.p.), Uruguay (+5.5 p.p.) and Guyana (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Peru (-5.1 p.p.) and Chile (-6.8 p.p.) displayed negative dynamics.

In value terms, the largest retreaded pneumatic tyre importing markets in MERCOSUR were Guyana ($X), Chile ($X) and Peru ($X), together comprising 73% of total imports.

Among the main importing countries, Guyana, with a CAGR of +5.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, which is down by -34.8% against the previous year. In general, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2018 when the import price increased by 54% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Chile ($X per unit), while Suriname ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform