EU: Tyre Market 2024

Tyre Market Size in the EU

In 2022, the EU tyre market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a modest expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Tyre Production in the EU

In value terms, tyre production rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tyre Exports

Exports in the EU

Tyre exports dropped to X units in 2022, which is down by X% against 2021 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, tyre exports expanded modestly to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Germany (X units), distantly followed by the Netherlands (X units), Poland (X units), Romania (X units), Spain (X units), the Czech Republic (X units), Hungary (X units), France (X units), Italy (X units) and Slovakia (X units) represented the major exporters of tyres, together comprising X% of total exports.

Exports from Germany decreased at an average annual rate of X% from 2012 to 2022. At the same time, Romania (X%), Hungary (X%), Slovakia (X%), the Netherlands (X%), Poland (X%) and Spain (X%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. Italy and the Czech Republic experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Romania, Hungary and the Netherlands increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest tyre supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with an X% share of total exports. It was followed by Spain, with an X% share.

In Germany, tyre exports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Spain (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Romania ($X per unit) was amongst the lowest.

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

Tyre Imports

Imports in the EU

In 2022, approx. X units of tyres were imported in the European Union; stabilizing at 2021. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, tyre imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of tyre imports in 2022 were Germany (X units), the Netherlands (X units), France (X units) and Italy (X units), together recording X% of total import. It was distantly followed by Spain (X units) and Poland (X units), together committing a X% share of total imports. Belgium (X units), the Czech Republic (X units), Slovakia (X units), Romania (X units), Sweden (X units), Portugal (X units) and Hungary (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports. Italy, Spain, Belgium, Poland, Sweden, the Czech Republic, Slovakia, Hungary, Romania and Portugal lagged somewhat behind, together comprising a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, picking up by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The level of import peaked 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 importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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