Portugal - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTyre Price in Portugal - 2023
Contents:
- Tyre Price in Portugal (FOB) - 2022
- Tyre Price in Portugal (CIF) - 2022
- Tyre Exports in Portugal
- Tyre Imports in Portugal
Tyre Price in Portugal (FOB) - 2022
The average tyre export price stood at $71 per unit in 2022, which is down by -2.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2020 an increase of 17% against the previous year. The export price peaked at $72 per unit in 2021, and then fell slightly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($108 per unit), while the average price for exports to France ($46 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 the United States (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Tyre Price in Portugal (CIF) - 2022
In 2022, the average tyre import price amounted to $45 per unit, dropping by -15.9% against the previous year. Over the period under review, the import price showed a noticeable decrease. The pace of growth appeared the most rapid in 2020 an increase of 26%. Over the period under review, average import prices reached the peak figure at $63 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($85 per unit), while the price for Thailand ($8.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Tyre Exports in Portugal
In 2022, the amount of tyres exported from Portugal rose sharply to 19M units, growing by 8.4% against the previous year. The total export volume increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25%. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, tyre exports expanded notably to $1.4B in 2022. The total export value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
| Export of Tyre in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 162 | 181 | 285 | 337 | 27.7% |
| Germany | 230 | 188 | 211 | 221 | -1.3% |
| Spain | 152 | 138 | 156 | 153 | 0.2% |
| Slovakia | 18.2 | 18.2 | 30.9 | 64.1 | 52.1% |
| France | 48.5 | 32.2 | 59.0 | 62.9 | 9.1% |
| South Korea | 26.7 | 49.7 | 68.7 | 62.6 | 32.8% |
| Belgium | 43.7 | 38.4 | 53.2 | 52.3 | 6.2% |
| United Kingdom | 68.2 | 45.2 | 45.1 | 51.2 | -9.1% |
| Switzerland | 37.9 | 32.9 | 39.9 | 47.2 | 7.6% |
| Italy | 31.0 | 23.6 | 33.7 | 35.3 | 4.4% |
| Netherlands | 37.0 | 27.8 | 34.0 | 34.6 | -2.2% |
| Czech Republic | 22.7 | 18.9 | 33.7 | 31.6 | 11.7% |
| Poland | 20.7 | 16.5 | 24.5 | 21.7 | 1.6% |
| Others | 179 | 148 | 210 | 190 | 2.0% |
| Total | 1,077 | 958 | 1,285 | 1,364 | 8.2% |
Top Export Markets for Tyre from Portugal in 2022:
- Germany (3.4M units)
- United States (3.1M units)
- Spain (2.7M units)
- France (1.4M units)
- Slovakia (1.1M units)
- South Korea (1.0M units)
- Belgium (0.7M units)
- Italy (0.6M units)
- United Kingdom (0.6M units)
- Switzerland (0.6M units)
- Netherlands (0.5M units)
- Czech Republic (0.5M units)
- Poland (0.4M units)
Tyre Imports in Portugal
In 2022, approx. 12M units of tyres were imported into Portugal; increasing by 25% against the year before. Overall, imports, however, recorded a noticeable setback. Over the period under review, imports hit record highs at 13M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, tyre imports rose rapidly to $544M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 11%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Tyre in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 236 | 212 | 207 | 208 | -4.1% |
| Germany | 38.5 | 29.7 | 37.9 | 43.3 | 4.0% |
| China | 31.3 | 29.5 | 34.7 | 42.0 | 10.3% |
| Netherlands | 43.5 | 36.7 | 36.1 | 36.8 | -5.4% |
| France | 20.9 | 21.5 | 27.8 | 25.9 | 7.4% |
| Thailand | 14.7 | 15.3 | 18.2 | 21.0 | 12.6% |
| Japan | 13.7 | 12.1 | 13.1 | 19.5 | 12.5% |
| Czech Republic | 16.3 | 15.5 | 16.2 | 18.7 | 4.7% |
| Turkey | 7.1 | 6.7 | 11.5 | 13.7 | 24.5% |
| Romania | 7.1 | 6.6 | 10.2 | 10.3 | 13.2% |
| Serbia | 0.6 | 1.7 | 4.4 | 7.4 | 131.0% |
| Taiwan (Chinese) | 1.3 | 1.2 | 2.4 | 4.4 | 50.1% |
| Vietnam | 4.0 | 2.3 | 1.8 | 4.3 | 2.4% |
| Others | 92.3 | 73.2 | 94.5 | 88.8 | -1.3% |
| Total | 527 | 464 | 516 | 544 | 1.1% |
Top Suppliers of Tyre to Portugal in 2022:
- Thailand (2538.5K units)
- Spain (2460.1K units)
- China (1876.4K units)
- Germany (871.8K units)
- Netherlands (786.4K units)
- France (628.7K units)
- Czech Republic (360.0K units)
- Japan (295.7K units)
- Romania (249.5K units)
- Taiwan (Chinese) (226.0K units)
- Vietnam (198.8K units)
- Turkey (181.3K units)
- Serbia (180.8K units)
This report provides an in-depth analysis of the tyre market in Portugal. 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)
- Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
- Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
- Prodcom 22111370 - New pneumatic rubber tyres for aircraft
- Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
- Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber
Country coverage:
- Portugal
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Portugal
- 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.
-
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
-
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
-
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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