United Kingdom: Road Wheel Market 2025

Road Wheel Market Size in the UK

In 2022, the UK road wheel market increased by 4.7% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a perceptible curtailment. Road wheel consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Road Wheel Production in the UK

In value terms, road wheel production dropped modestly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. The growth pace was the most rapid in 2017 when the production volume increased by 13%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Road Wheel Exports

Exports from the UK

In 2022, shipments abroad of road wheels increased by 33% to X tons, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 34%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, road wheel exports soared to $X in 2022. Over the period under review, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.5% 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 +102.3% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 48%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Peru (X tons), Sweden (X tons) and Germany (X tons) were the main destinations of road wheel exports from the UK, together comprising 57% of total exports.

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +74.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for road wheel exported from the UK were Peru ($X), Germany ($X) and Sweden ($X), with a combined 47% share of total exports.

Among the main countries of destination, Peru, with a CAGR of +79.2%, recorded the highest rates of growth with regard to 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 2022, the average road wheel export price amounted to $X per ton, increasing by 2.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2014 when the average export price increased by 17% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Road Wheel Imports

Imports into the UK

In 2022, purchases abroad of road wheels increased by 54% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a relatively flat trend pattern. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, road wheel imports rose markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Italy (X tons), Germany (X tons) and Turkey (X tons) were the main suppliers of road wheel imports to the UK, together accounting for 43% of total imports. Poland, China, Luxembourg, Morocco, France, South Korea, Taiwan (Chinese), the Czech Republic, Japan and Thailand lagged somewhat behind, together accounting for a further 49%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Morocco (with a CAGR of +769.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest road wheel suppliers to the UK were Italy ($X), Germany ($X) and Turkey ($X), with a combined 45% share of total imports. China, Poland, Luxembourg, Taiwan (Chinese), Morocco, South Korea, the Czech Republic, France, Japan and Thailand lagged somewhat behind, together comprising a further 46%.

Among the main suppliers, Morocco, with a CAGR of +684.4%, saw the highest growth rate of 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

In 2022, the average road wheel import price amounted to $X per ton, shrinking by -25.5% against the previous year. In general, the import price saw a mild setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 18% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2021, and then shrank markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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