United Kingdom: Tyre Market 2025

Tyre Market Size in the UK

For the third consecutive year, the UK tyre market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption continues to indicate a slight decrease. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tyre Production in the UK

In value terms, tyre production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2020 when the production volume increased by X%. Tyre production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Tyre Exports

Exports from the UK

After five years of decline, shipments abroad of tyres increased by X% to X units in 2022. Over the period under review, exports, however, recorded a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, tyre exports expanded notably to $X in 2022. In general, exports, however, showed a abrupt curtailment. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and Ireland (X units) were the main destinations of tyre exports from the UK, with a combined X% share of total exports. The Netherlands, Slovakia, Belgium, Italy, China, France, Spain, Switzerland and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Ireland ($X) were the largest markets for tyre exported from the UK worldwide, with a combined X% share of total exports. The Netherlands, Slovakia, Belgium, Italy, France, China, Switzerland, Spain and South Korea lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Slovakia, with a CAGR of X%, 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

In 2022, the average tyre export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price saw a notable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked in 2022 and is likely to continue growth in years to come.

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 Switzerland ($X per unit), while the average price for exports to South Korea ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Imports

Imports into the UK

In 2022, the amount of tyres imported into the UK declined slightly to X units, reducing by X% against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, tyre imports amounted to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest tyre supplier to the UK, accounting for a X% share of total imports. Moreover, tyre imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was held by Thailand (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of tyres to the UK, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average tyre import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a slight reduction. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Spain ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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