
France - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
France's Passenger Car Tyre Price Grows 5%, Averaging $65.6 per Unit
France Passenger Car Tyre Import Price in October 2022
In October 2022, the passenger car tyre price stood at $65.6 per unit (CIF, France), growing by 4.7% against the previous month. Over the period from January 2022 to October 2022, it increased at an average monthly rate of +2.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In October 2022, the country with the highest price was the Netherlands ($80.7 per unit), while the price for China ($45.1 per unit) was amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
France Passenger Car Tyre Imports
In October 2022, overseas purchases of tyres for motor cars increased by 6.7% to 4.3M units, rising for the third month in a row after two months of decline. The total import volume increased at an average monthly rate of +2.0% from January 2022 to October 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in March 2022 when imports increased by 13% against the previous month. Imports peaked in October 2022.
In value terms, passenger car tyre imports expanded sharply to $281M (IndexBox estimates) in October 2022. The total import value increased at an average monthly rate of +4.0% over the period from January 2022 to October 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in May 2022 with an increase of 13% m-o-m. Over the period under review, imports hit record highs in October 2022.
France Passenger Car Tyre Imports by Country
Germany (988K units), Spain (587K units) and China (553K units) were the main suppliers of passenger car tyre imports to France, with a combined 50% share of total imports.
From January 2022 to October 2022, the biggest increases were in Germany (with a CAGR of +6.2%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Germany ($76M) constituted the largest supplier of passenger car tyre to France, comprising 27% of total imports. The second position in the ranking was taken by Spain ($34M), with a 12% share of total imports. It was followed by China, with an 8.9% share.
From January 2022 to October 2022, the average monthly growth rate of value from Germany amounted to +7.2%. The remaining supplying countries recorded the following average monthly rates of imports growth: Spain (+2.2% per month) and China (-0.2% per month).
Passenger Car Tyre Market Overview
The French passenger car tyre market is one of the most important in Europe. It is also a very competitive market, with a large number of manufacturers and suppliers present.
The growth of the automotive industry and the increasing sales of passenger cars are the major factors driving the growth of the market. Additionally, the growing preference for premium tyres and the rising awareness about tyre safety are also fuelling the market growth.
Passenger car tyre prices in France are affected by a number of factors, including production costs, demand, and competition. French manufacturers have to compete with international brands, which can put pressure on prices. The cost of raw materials is also a factor, as is the strength of the Euro against other currencies.
This report provides an in-depth analysis of the passenger car tyre market in France. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
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The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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