Italy: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Italy

The Italian retreaded pneumatic tyre market surged to $X in 2022, jumping by X% against the previous year. Overall, consumption enjoyed a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Retreaded Pneumatic Tyre Production in Italy

In value terms, retreaded pneumatic tyre production fell notably to $X in 2022 estimated in export price. In general, production, however, continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then shrank significantly in the following year.

Retreaded Pneumatic Tyre Exports

Exports from Italy

After three years of growth, shipments abroad of retreaded pneumatic tyres decreased by X% to X units in 2022. Over the period under review, exports recorded a mild reduction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2021, and then contracted markedly in the following year.

In value terms, retreaded pneumatic tyre exports expanded rapidly to $X in 2022. In general, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Senegal (X units) was the main destination for retreaded pneumatic tyre exports from Italy, accounting for a X% share of total exports. Moreover, retreaded pneumatic tyre exports to Senegal exceeded the volume sent to the second major destination, Turkey (X units), threefold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Senegal amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Germany (X% per year).

In value terms, Germany ($X), France ($X) and the UK ($X) appeared to be the largest markets for retreaded pneumatic tyre exported from Italy worldwide, together comprising X% of total exports. Slovenia, Latvia, Switzerland, Spain, Senegal, Romania, Turkey, Albania and the United States lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt curtailment. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Senegal ($X 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 Mexico (X%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Italy

In 2022, overseas purchases of retreaded pneumatic tyres increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports, however, saw a slight descent. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, retreaded pneumatic tyre imports stood at $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X units) was the main retreaded pneumatic tyre supplier to Italy, with a X% share of total imports. Moreover, retreaded pneumatic tyre imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, the largest retreaded pneumatic tyre suppliers to Italy were Germany ($X), France ($X) and Spain ($X), with a combined X% share of total imports. The Netherlands, Belgium and Switzerland lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, increasing by X% against the previous year. Overall, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, retreaded pneumatic tyre import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Switzerland ($X per unit), while the price for the Netherlands ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform