Turkey: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Turkey

The Turkish retreaded pneumatic tyre market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in Turkey

In value terms, retreaded pneumatic tyre production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 102% against the previous year. Retreaded pneumatic tyre production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports from Turkey

In 2022, overseas shipments of retreaded pneumatic tyres increased by 16% to X units, rising for the second consecutive year after three years of decline. In general, exports, however, saw a deep downturn. The growth pace was the most rapid in 2016 with an increase of 437% against the previous year. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 445%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Cyprus (X units), Russia (X units) and Syrian Arab Republic (X units) were the main destinations of retreaded pneumatic tyre exports from Turkey, with a combined 45% share of total exports. Nigeria, Germany, Iraq, Romania, Spain, Ukraine, Serbia, the Netherlands, Belgium and Azerbaijan lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +76.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for retreaded pneumatic tyre exported from Turkey were Cyprus ($X), Syrian Arab Republic ($X) and Germany ($X), with a combined 39% share of total exports. Russia, Iraq, Azerbaijan, the Netherlands, Nigeria, Belgium, Ukraine, Serbia, Romania and Spain lagged somewhat behind, together comprising a further 35%.

In terms of the main countries of destination, Ukraine, with a CAGR of +97.1%, saw 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

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, picking up by 32% against the previous year. Overall, the export price continues to indicate a slight increase. The pace of growth appeared the most rapid in 2019 an increase of 161%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Spain ($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 Syrian Arab Republic (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Turkey

In 2022, overseas purchases of retreaded pneumatic tyres increased by 12% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports showed significant growth. The pace of growth was the most pronounced in 2015 when imports increased by 183% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports shrank slightly to $X in 2022. Overall, imports recorded significant growth. The growth pace was the most rapid in 2015 when imports increased by 282% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) constituted the largest supplier of retreaded pneumatic tyre to Turkey, accounting for a 73% share of total imports. Moreover, retreaded pneumatic tyre imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), fivefold. France (X units) ranked third in terms of total imports with a 3.2% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium totaled +29.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+60.5% per year) and France (+36.3% per year).

In value terms, Belgium ($X) constituted the largest supplier of retreaded pneumatic tyres to Turkey, comprising 82% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 10% share of total imports. It was followed by France, with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Belgium amounted to +29.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+58.0% per year) and France (+41.2% per year).

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, reducing by -11.8% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average import price increased by 39%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+59.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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