New Zealand: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in New Zealand

In 2022, the New Zealand retreaded pneumatic tyre market decreased by -0.4% to $X, falling for the second year in a row after two years of growth. Overall, the total consumption indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -9.0% against 2020 indices. Retreaded pneumatic tyre consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in New Zealand

In value terms, retreaded pneumatic tyre production stood at $X in 2022 estimated in export price. Overall, the total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -7.2% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 74% against the previous year. Retreaded pneumatic tyre production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from New Zealand

In 2022, shipments abroad of retreaded pneumatic tyres increased by 214% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a slight decrease. The most prominent rate of growth was recorded in 2018 with an increase of 340%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, retreaded pneumatic tyre exports surged to $X in 2022. Over the period under review, exports recorded resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 198% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X units), Thailand (X units) and the United Arab Emirates (X units) were the main destinations of retreaded pneumatic tyre exports from New Zealand, together comprising 90% of total exports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +56.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for retreaded pneumatic tyres exports from New Zealand, comprising 71% of total exports. The second position in the ranking was taken by Thailand ($X), with a 22% share of total exports. It was followed by the United Arab Emirates, with a 2.9% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +55.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+15.7% per year) and the United Arab Emirates (-2.2% per year).

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, reducing by -33.8% against the previous year. Over the period under review, the export price, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 586%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Samoa ($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 Ghana (+127.1%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into New Zealand

Retreaded pneumatic tyre imports into New Zealand contracted notably to X units in 2022, shrinking by -30% against the previous year. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 84%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports shrank to $X in 2022. In general, total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.7% 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 +82.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 97%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Australia (X units), South Korea (X units) and Thailand (X units) were the main suppliers of retreaded pneumatic tyre imports to New Zealand, with a combined 86% share of total imports. France, the UK, Japan and the United States lagged somewhat behind, together comprising a further 13%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +48.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre suppliers to New Zealand were France ($X), South Korea ($X) and Australia ($X), together comprising 77% of total imports. Thailand, the UK, Japan and the United States lagged somewhat behind, together accounting for a further 22%.

Among the main suppliers, the UK, with a CAGR of +62.7%, 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 more modest paces of growth.

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, with an increase of 32% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 France ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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