Scandinavia: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Scandinavia

The Scandinavia retreaded pneumatic tyre market contracted modestly to $X in 2022, flattening at the previous year. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Scandinavia

In value terms, retreaded pneumatic tyre production rose slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 36% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports in Scandinavia

In 2022, overseas shipments of retreaded pneumatic tyres increased by 38% to X units, rising for the third consecutive year after three years of decline. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.4% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 39% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, retreaded pneumatic tyre exports expanded sharply to $X in 2022. Over the period under review, exports, however, recorded a noticeable descent. The most prominent rate of growth was recorded in 2021 with an increase of 26%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Sweden (X units) was the main exporter of retreaded pneumatic tyres, creating 83% of total exports. It was distantly followed by Norway (X units), comprising a 16% share of total exports.

Sweden was also the fastest-growing in terms of the retreaded pneumatic tyres exports, with a CAGR of +2.6% from 2012 to 2022. Norway (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sweden increased by +12 percentage points.

In value terms, Sweden ($X) remains the largest retreaded pneumatic tyre supplier in Scandinavia, comprising 82% of total exports. The second position in the ranking was taken by Norway ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden amounted to -3.2%.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, which is down by -22.4% against the previous year. Overall, the export price showed a pronounced reduction. The most prominent rate of growth was recorded in 2018 when the export price increased by 33%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Norway amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-0.6%).

Retreaded Pneumatic Tyre Imports

Imports in Scandinavia

After two years of growth, overseas purchases of retreaded pneumatic tyres decreased by -6.4% to X units in 2022. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 31% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then declined in the following year.

In value terms, retreaded pneumatic tyre imports totaled $X in 2022. The total import value increased at an average annual rate of +5.5% 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 2013 when imports increased by 32% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

Sweden (X units) and Finland (X units) were the largest importers of retreaded pneumatic tyres in 2022, amounting to approx. 46% and 32% of total imports, respectively. It was distantly followed by Norway (X units), comprising a 22% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Norway (with a CAGR of +7.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Finland ($X) and Norway ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Finland, with a CAGR of +12.3%, 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 import price in Scandinavia stood at $X per unit in 2022, with an increase of 7% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2018 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+6.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform