Sweden: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Sweden

In 2021, after three years of decline, there was significant growth in the Swedish passenger car tyre market, when its value increased by 23% to $X. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Passenger Car Tyre Production in Sweden

In value terms, passenger car tyre production fell to $X in 2021 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the production volume increased by 9.4%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Passenger Car Tyre Exports

Exports from Sweden

Passenger car tyre exports from Sweden reached X units in 2021, surging by 5.8% on the year before. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when exports increased by 18%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Finland (X units), Norway (X units) and Denmark (X units) were the main destinations of passenger car tyre exports from Sweden, with a combined 88% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +41.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from Sweden were Norway ($X), Finland ($X) and Denmark ($X), together accounting for 88% of total exports.

Denmark, with a CAGR of +38.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, growing by 14% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+2.3%), while the prices for the other major destinations experienced mixed trend patterns.

Passenger Car Tyre Imports

Imports into Sweden

In 2021, purchases abroad of tyres for motor cars increased by 12% to X units for the first time since 2017, thus ending a three-year declining trend. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car tyre imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Finland (X units) were the main suppliers of passenger car tyre imports to Sweden, together comprising 38% of total imports. These countries were followed by Russia, Poland, South Korea, Italy, the Netherlands, Hungary, Belgium, Japan, Spain and the UK, which together accounted for a further 50%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +32.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Finland ($X) and Russia ($X) appeared to be the largest passenger car tyre suppliers to Sweden, together comprising 39% of total imports. These countries were followed by Poland, China, Italy, the Netherlands, South Korea, Hungary, Belgium, Spain, Japan and the UK, which together accounted for a further 48%.

Among the main suppliers, Italy, with a CAGR of +38.2%, saw 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 average passenger car tyre import price stood at $X per unit in 2021, with an increase of 11% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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