MERCOSUR: Tyre Market 2025

Tyre Market Size in MERCOSUR

The MERCOSUR tyre market totaled $X in 2022, approximately reflecting the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tyre Production in MERCOSUR

In value terms, tyre production reduced slightly to $X in 2022 estimated in export price. Overall, production recorded a perceptible downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tyre Exports

Exports in MERCOSUR

In 2022, tyre exports in MERCOSUR reduced modestly to X units, falling by X% against 2021. Over the period under review, exports recorded a slight reduction. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, tyre exports skyrocketed to $X in 2022. Overall, exports showed a mild reduction. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Brazil (X units) was the major exporter of tyres, generating X% of total exports. Chile (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%). The following exporters - Ecuador (X units) and Argentina (X units) - together made up X% of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of tyres. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Ecuador experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Chile, Brazil and Peru increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest tyre supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Chile (X% per year) and Ecuador (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, rising by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2012; however, from 2013 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 Brazil ($X per unit), while Peru ($X per unit) was amongst the lowest.

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

Tyre Imports

Imports in MERCOSUR

Tyre imports amounted to X units in 2022, approximately mirroring the previous year's figure. The total import volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, tyre imports skyrocketed to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Brazil represented the major importer of tyres in MERCOSUR, with the volume of imports resulting at X units, which was near X% of total imports in 2022. Colombia (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%), Chile (X%) and Peru (X%). Ecuador (X units) and Paraguay (X units) held a relatively small share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of tyres. At the same time, Argentina (X%), Paraguay (X%), Peru (X%), Ecuador (X%), Colombia (X%) and Chile (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. While the share of Argentina (X p.p.) and Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported tyres in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, increasing by X% against the previous year. Overall, the import price, however, saw a slight shrinkage. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform