Global Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size

The global retreaded pneumatic tyre market dropped slightly to $X in 2022, with a decrease of -2.7% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the global market failed to regain momentum.

Retreaded Pneumatic Tyre Production

In value terms, retreaded pneumatic tyre production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a mild shrinkage. The most prominent rate of growth was recorded in 2021 when the production volume increased by 12%. Global production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports

In 2022, approx. X units of retreaded pneumatic tyres were exported worldwide; dropping by -4.9% against the previous year's figure. Over the period under review, exports recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 15%. The global exports peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, retreaded pneumatic tyre exports amounted to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 20% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) and Spain (X units) represented the key exporters of retreaded pneumatic tyres in 2022, amounting to near 19% and 14% of total exports, respectively. The United States (X units) took the next position in the ranking, followed by the Netherlands (X units), France (X units), Thailand (X units), Romania (X units) and Australia (X units). All these countries together held near 35% share of total exports. Belgium (X units), the UK (X units), Poland (X units), Italy (X units) and Portugal (X units) took a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +6.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest retreaded pneumatic tyre supplier worldwide, comprising 25% of global exports. The second position in the ranking was held by Spain ($X), with an 11% share of global exports. It was followed by France, with an 8.8% share.

In Germany, retreaded pneumatic tyre exports increased at an average annual rate of +1.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (+6.3% per year) and France (-2.6% per year).

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, increasing by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 16% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+12.8%), while the other global leaders experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports

In 2022, supplies from abroad of retreaded pneumatic tyres increased by 6.7% to X units, rising for the fifth consecutive year after three years of decline. In general, total imports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +104.8% against 2017 indices. The most prominent rate of growth was recorded in 2018 with an increase of 45%. Over the period under review, global imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, retreaded pneumatic tyre imports reached $X in 2022. Over the period under review, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +24.8% against 2020 indices. The pace of growth was the most pronounced in 2018 when imports increased by 27%. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Afghanistan (X units) was the major importer of retreaded pneumatic tyres, generating 40% of total imports. The Netherlands (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by France (7.4%). The following importers - the UK (X units), Spain (X units), Austria (X units), Poland (X units), Italy (X units), Guyana (X units) and Germany (X units) - together made up 18% of total imports.

Afghanistan was also the fastest-growing in terms of the retreaded pneumatic tyres imports, with a CAGR of +20.1% from 2012 to 2022. At the same time, France (+10.6%), Austria (+8.5%), Spain (+6.2%), the UK (+5.2%), Guyana (+4.8%), Italy (+3.2%) and Poland (+3.0%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. By contrast, Germany (-2.9%) illustrated a downward trend over the same period. While the share of Afghanistan (+30 p.p.) and France (+3.3 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (-1.9 p.p.) and the Netherlands (-7.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Afghanistan ($X), France ($X) and the Netherlands ($X) were the countries with the highest levels of imports in 2022, with a combined 35% share of global imports.

Afghanistan, with a CAGR of +15.9%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, falling by -5.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 12%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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