Spain: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Spain

For the eighth year in a row, the Spanish retreaded pneumatic tyre market recorded decline in sales value, which decreased by -45.8% to $X in 2022. Overall, consumption continues to indicate a dramatic contraction. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Spain

In value terms, retreaded pneumatic tyre production shrank to $X in 2022 estimated in export price. In general, the total production indicated a slight expansion from 2012 to 2022: its value increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +59.4% against 2016 indices. The pace of growth was the most pronounced in 2021 when the production volume increased by 22% against the previous year. As a result, production attained the peak level of $X, and then fell slightly in the following year.

Retreaded Pneumatic Tyre Exports

Exports from Spain

In 2022, after three years of decline, there was significant growth in overseas shipments of retreaded pneumatic tyres, when their volume increased by 12% to X units. Over the period under review, total exports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when exports increased by 20%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, retreaded pneumatic tyre exports rose remarkably to $X in 2022. Overall, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +25.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 22% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

France (X units) was the main destination for retreaded pneumatic tyre exports from Spain, with a 55% share of total exports. Moreover, retreaded pneumatic tyre exports to France exceeded the volume sent to the second major destination, Portugal (X units), sevenfold. Libya (X units) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France totaled +11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+9.2% per year) and Libya (+91.1% per year).

In value terms, France ($X) remains the key foreign market for retreaded pneumatic tyres exports from Spain, comprising 56% of total exports. The second position in the ranking was held by Portugal ($X), with a 17% share of total exports. It was followed by the UK, with a 7.9% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+6.9% per year) and the UK (+4.9% per year).

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, declining by -6.4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by 22%. As a result, the export price reached the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while the average price for exports to Libya ($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 (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Spain

In 2022, approx. X units of retreaded pneumatic tyres were imported into Spain; with an increase of 122% on the year before. Overall, imports posted a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, retreaded pneumatic tyre imports skyrocketed to $X in 2022. Over the period under review, imports posted a measured increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Portugal (X units) and Slovenia (X units) were the main suppliers of retreaded pneumatic tyre imports to Spain, together comprising 62% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +462,885.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre suppliers to Spain were Germany ($X), Portugal ($X) and France ($X), together accounting for 64% of total imports. Poland, Slovenia, the UK, China, Italy, the United States and Australia lagged somewhat behind, together comprising a further 22%.

Slovenia, with a CAGR of +105,273.1%, saw the highest growth rate of 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

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, declining by -1.6% against the previous year. Overall, the import price showed a slight slump. The most prominent rate of growth was recorded in 2021 when the average import price increased by 71%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 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 the UK ($X per unit), while the price for Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+29.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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