Europe: Tyre Market 2024

Tyre Market Size in Europe

In 2022, the Europe tyre market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Tyre Production in Europe

In value terms, tyre production rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a slight shrinkage. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Tyre Exports

Exports in Europe

In 2022, approx. X units of tyres were exported in Europe; falling by X% on the previous year. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then shrank in the following year.

In value terms, tyre exports stood at $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

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) and Italy (X units) represented the key exporters of tyres, together creating X% of total exports. Slovakia (X units), Portugal (X units), Serbia (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to tyre exports from Germany stood at X%. At the same time, Serbia (X%), Romania (X%), Hungary (X%), Slovakia (X%), the Netherlands (X%), Poland (X%) and Spain (X%) displayed positive paces of growth. Moreover, Serbia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Portugal, Italy, the Czech Republic and Belgium experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. Serbia (X p.p.), Romania (X p.p.), Hungary (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and France saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest tyre supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with an X% share of total exports. It was followed by Spain, with a 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 Europe amounted to $X per unit, surging by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Slovakia ($X per unit), while Serbia ($X per unit) was amongst the lowest.

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

Tyre Imports

Imports in Europe

In 2022, approx. X units of tyres were imported in Europe; with a decrease of X% against 2021. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then reduced modestly in the following year.

In value terms, tyre imports amounted to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The purchases of the five major importers of tyres, namely Germany, the Netherlands, France, Italy and the UK, represented more than half of total import. It was distantly followed by Spain (X units), constituting a X% share of total imports. Poland (X units), Belgium (X units), Russia (X units), the Czech Republic (X units), Slovakia (X units), Romania (X units) and Sweden (X units) took a little share of total imports.

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, with a combined X% share of total imports. The UK, Italy, Spain, Belgium, Poland, Russia, Sweden, the Czech Republic, Slovakia and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Europe amounted to $X per unit, rising by X% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. Over the period under review, import prices attained the peak figure 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 Romania (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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