Northern America: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Northern America

The North American retreaded pneumatic tyre market fell slightly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Northern America

In value terms, retreaded pneumatic tyre production shrank slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 14% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in Northern America

Retreaded pneumatic tyre exports soared to X units in 2022, growing by 63% on the previous year. In general, exports, however, continue to indicate a slight decrease. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports surged to $X in 2022. Over the period under review, exports, however, recorded a perceptible descent. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, recording X units, which was approx. 96% of total exports in 2022. Canada (X units) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of exports of retreaded pneumatic tyres. Canada (-11.3%) illustrated a downward trend over the same period. The United States (+8.8 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -8.8% from 2012 to 2022, respectively.

In value terms, the largest retreaded pneumatic tyre supplying countries in Northern America were the United States ($X) and Canada ($X).

Canada, with a CAGR of -2.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, which is down by -19.2% against the previous year. In general, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 when the export price increased by 53% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

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 Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.8%).

Retreaded Pneumatic Tyre Imports

Imports in Northern America

Retreaded pneumatic tyre imports skyrocketed to X units in 2022, with an increase of 50% on the year before. Total imports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -7.4% against 2020 indices. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports soared to $X in 2022. Total imports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the key importer of retreaded pneumatic tyres in Northern America, with the volume of imports accounting for X units, which was near 66% of total imports in 2022. It was distantly followed by Canada (X units), making up a 33% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +9.3%).

In value terms, the United States ($X) and Canada ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Canada, with a CAGR of +3.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, with an increase of 11% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, retreaded pneumatic tyre import price increased by +57.3% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 54% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%).

Source: IndexBox Platform

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