Norway: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Norway

In 2022, the Norwegian retreaded pneumatic tyre market increased by 26% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, continues to indicate a slight curtailment. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in Norway

In value terms, retreaded pneumatic tyre production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decline. The growth pace was the most rapid in 2016 when the production volume increased by 27% against the previous year. Retreaded pneumatic tyre production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from Norway

In 2022, overseas shipments of retreaded pneumatic tyres decreased by -13.1% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports showed a pronounced downturn. The most prominent rate of growth was recorded in 2015 when exports increased by 100% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports rose sharply to $X in 2022. In general, exports saw a perceptible descent. The pace of growth was the most pronounced in 2015 when exports increased by 91%. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland (X units), Sweden (X units) and Honduras (X units) were the main destinations of retreaded pneumatic tyre exports from Norway, with a combined 74% share of total exports. Ghana, Finland, Iceland, Belgium, Gambia, Denmark and Estonia lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Iceland (with a CAGR of +47.4%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for retreaded pneumatic tyres exports from Norway, comprising 64% of total exports. The second position in the ranking was taken by Belgium ($X), with a 15% share of total exports. It was followed by Iceland, with a 6.3% share.

From 2012 to 2022, the average annual growth rate of value to Sweden totaled -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+22.2% per year) and Iceland (+17.7% per year).

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, picking up by 27% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 40%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Honduras ($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 Finland (+20.3%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Norway

Retreaded pneumatic tyre imports into Norway surged to X units in 2022, jumping by 51% compared with the year before. In general, imports recorded a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, retreaded pneumatic tyre imports surged to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 32%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Sweden (X units) were the main suppliers of retreaded pneumatic tyre imports to Norway, together accounting for 63% of total imports. The Netherlands, France, the UK and Denmark lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +59.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre suppliers to Norway were Germany ($X), France ($X) and Sweden ($X), together accounting for 64% of total imports.

Germany, with a CAGR of +33.6%, recorded the highest rates of growth with regard to the value of imports, among 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, which is down by -21.2% against the previous year. Overall, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20%. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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