Peru: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Peru

The Peruvian retreaded pneumatic tyre market rose markedly to $X in 2022, surging by 8.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, faced a deep reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Peru

In 2022, after four years of growth, there was decline in overseas shipments of retreaded pneumatic tyres, when their volume decreased by -4.6% to X units. Overall, exports showed a perceptible descent. The most prominent rate of growth was recorded in 2016 when exports increased by 36% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports fell to $X in 2022. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2017 when exports increased by 32%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X units) was the main destination for retreaded pneumatic tyre exports from Peru, with a 89% share of total exports. Moreover, retreaded pneumatic tyre exports to the United States exceeded the volume sent to the second major destination, Panama (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +10.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (0.0% per year) and Bolivia (-27.2% per year).

In value terms, the United States ($X) remains the key foreign market for retreaded pneumatic tyres exports from Peru, comprising 98% of total exports. The second position in the ranking was held by Panama ($X), with a 1.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +18.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (0.0% per year) and Bolivia (-33.4% per year).

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, falling by -3.4% against the previous year. Over the period under review, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 63% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2021, and then shrank modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Bolivia ($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 the United States (+8.1%).

Retreaded Pneumatic Tyre Imports

Imports into Peru

In 2022, the amount of retreaded pneumatic tyres imported into Peru expanded remarkably to X units, picking up by 12% on the year before. Overall, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2018 with an increase of 107%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports totaled $X in 2022. In general, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 151% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest retreaded pneumatic tyre supplier to Peru, with a 62% share of total imports. Moreover, retreaded pneumatic tyre imports from Poland exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland totaled +29.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+48.7% per year) and South Korea (-25.3% per year).

In value terms, Poland ($X), Chile ($X) and South Korea ($X) constituted the largest retreaded pneumatic tyre suppliers to Peru, with a combined 63% share of total imports.

In terms of the main suppliers, Chile, with a CAGR of +79.9%, recorded the highest growth rate of 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

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, reducing by -9.1% against the previous year. Over the period under review, the import price showed a abrupt descent. The growth pace was the most rapid in 2017 an increase of 75%. The import price 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 origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+32.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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