United Kingdom - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPassenger Car Tyre Price in the UK - 2023
Contents:
- Passenger Car Tyre Price in the UK (CIF) - 2023
- Passenger Car Tyre Price in the UK (FOB) - 2023
- Passenger Car Tyre Imports in the UK
- Passenger Car Tyre Exports in the UK
Passenger Car Tyre Price in the UK (CIF) - 2023
In June 2023, the average passenger car tyre import price amounted to $48.5 per unit, falling by -2.1% against the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average import price increased by 88% month-to-month. As a result, import price reached the peak level of $97.0 per unit. From May 2023 to June 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Portugal ($85.1 per unit), while the price for China ($27.2 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Hungary (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Passenger Car Tyre Price in the UK (FOB) - 2023
In June 2023, the average passenger car tyre export price amounted to $107 per unit, increasing by 9.2% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +1.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was France ($155 per unit), while the average price for exports to Ghana ($13.9 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+3.0%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Tyre Imports in the UK
In 2022, passenger car tyre imports into the UK fell to 42M units, declining by -1.9% compared with 2021 figures. Overall, imports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 4.7%. Over the period under review, imports reached the peak figure at 47M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, passenger car tyre imports shrank modestly to $2B in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 22%. As a result, imports attained the peak of $2B, leveling off in the following year.
| Import of Passenger Car Tyre in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 512 | 468 | 635 | 639 | 7.7% |
| Germany | 308 | 229 | 291 | 187 | -15.3% |
| Romania | 80.6 | 77.2 | 80.1 | 102 | 8.2% |
| South Korea | 93.4 | 77.9 | 82.7 | 101 | 2.6% |
| Hungary | 72.6 | 67.1 | 71.6 | 99.5 | 11.1% |
| Poland | 43.5 | 44.6 | 47.1 | 94.0 | 29.3% |
| Spain | 60.5 | 67.6 | 75.2 | 87.7 | 13.2% |
| Italy | 76.0 | 51.9 | 78.8 | 84.2 | 3.5% |
| Turkey | 77.7 | 60.8 | 71.9 | 77.2 | -0.2% |
| Japan | 57.7 | 49.6 | 38.7 | 68.2 | 5.7% |
| France | 70.8 | 49.2 | 56.9 | 62.7 | -4.0% |
| Serbia | 79.9 | 57.5 | 67.8 | 61.5 | -8.4% |
| Thailand | 20.2 | 18.6 | 25.6 | 40.7 | 26.3% |
| Others | 387 | 305 | 355 | 265 | -11.9% |
| Total | 1,941 | 1,624 | 1,978 | 1,970 | 0.5% |
Top Suppliers of Passenger Car Tyre to the UK in 2022:
- China (19.4M units)
- Germany (2.9M units)
- South Korea (2.0M units)
- Hungary (1.7M units)
- Turkey (1.6M units)
- Poland (1.5M units)
- Romania (1.4M units)
- Serbia (1.4M units)
- Spain (1.4M units)
- Japan (1.2M units)
- Italy (1.1M units)
- Thailand (1.0M units)
- France (0.8M units)
Passenger Car Tyre Exports in the UK
In 2022, overseas shipments of tyres for motor cars increased by 1.9% to 2.3M units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, recorded a sharp decrease. The exports peaked at 10M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, passenger car tyre exports totaled $222M in 2022. Over the period under review, exports, however, faced a deep reduction. The exports peaked at $431M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Passenger Car Tyre in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 50.2 | 19.9 | 23.3 | 33.1 | -13.0% |
| Slovakia | 22.6 | 15.5 | 18.5 | 25.1 | 3.6% |
| Netherlands | 58.6 | 46.6 | 24.5 | 21.0 | -29.0% |
| Ireland | 52.8 | 42.9 | 38.9 | 19.9 | -27.8% |
| Belgium | 26.9 | 23.2 | 14.5 | 18.9 | -11.1% |
| Germany | 51.3 | 21.9 | 15.8 | 17.7 | -29.9% |
| Switzerland | 1.9 | 0.8 | 2.4 | 10.0 | 73.9% |
| China | 10.8 | 10.4 | 12.7 | 9.3 | -4.9% |
| Italy | 15.3 | 8.9 | 8.4 | 8.0 | -19.4% |
| France | 31.6 | 10.6 | 8.5 | 7.8 | -37.3% |
| Spain | 19.3 | 7.8 | 5.0 | 7.0 | -28.7% |
| South Korea | 2.8 | 0.8 | 0.8 | 6.6 | 33.1% |
| India | 10.8 | 0.3 | 0.3 | 0.8 | -58.0% |
| Others | 76.1 | 33.7 | 32.6 | 36.4 | -21.8% |
| Total | 431 | 243 | 206 | 222 | -19.8% |
Top Export Markets for Passenger Car Tyre from the UK in 2022:
- United States (271.6K units)
- Netherlands (240.2K units)
- Ireland (237.8K units)
- Slovakia (215.7K units)
- Belgium (169.4K units)
- Germany (162.2K units)
- China (120.0K units)
- South Korea (102.4K units)
- Spain (77.4K units)
- Italy (74.2K units)
- France (61.2K units)
- Switzerland (59.3K units)
- India (13.7K units)
This report provides an in-depth analysis of the passenger car tyre market in the UK. 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.
Product coverage:
- Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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