Switzerland: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Switzerland

The Swiss passenger car tyre market rose rapidly to $X in 2021, surging by 7.6% 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). Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Passenger Car Tyre Exports

Exports from Switzerland

In 2021, shipments abroad of tyres for motor cars increased by 35% to X units for the first time since 2017, thus ending a three-year declining trend. In general, exports, however, saw a deep setback. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, passenger car tyre exports soared to $X in 2021. Overall, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 65% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), the Netherlands (X units) and Italy (X units) were the main destinations of passenger car tyre exports from Switzerland, together accounting for 88% of total exports. These countries were followed by France, Spain, Austria, Romania and Belgium, which together accounted for a further 9.1%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +45.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from Switzerland were Germany ($X), the Netherlands ($X) and Italy ($X), together accounting for 91% of total exports. These countries were followed by Spain, Romania, France, Austria and Belgium, which together accounted for a further 6.8%.

Among the main countries of destination, Romania, with a CAGR of +67.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average passenger car tyre export price amounted to $X per unit, growing by 3.7% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 47%. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per unit), while the average price for exports to Austria ($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 Romania (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into Switzerland

In 2021, purchases abroad of tyres for motor cars was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports stood at $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest passenger car tyre supplier to Switzerland, with a 34% share of total imports. Moreover, passenger car tyre imports from Germany exceeded the figures recorded by the second-largest supplier, Portugal (X units), fourfold. The third position in this ranking was taken by Romania (X units), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at -1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+5.9% per year) and Romania (+8.5% per year).

In value terms, Germany ($X) constituted the largest supplier of tyres for motor cars to Switzerland, comprising 40% of total imports. The second position in the ranking was held by Portugal ($X), with a 7.6% share of total imports. It was followed by Romania, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+3.8% per year) and Romania (+6.8% per year).

Import Prices by Country

In 2021, the average passenger car tyre import price amounted to $X per unit, surging by 5.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 5.6% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :