MERCOSUR: Tyre Market 2024

Tyre Market Size in MERCOSUR

The MERCOSUR tyre market shrank modestly to $X in 2022, which is down by X% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Tyre Production in MERCOSUR

In value terms, tyre production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Tyre Exports

Exports in MERCOSUR

In 2022, the amount of tyres exported in MERCOSUR contracted modestly to X units, declining by X% compared with 2021. Overall, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, tyre exports skyrocketed to $X in 2022. In general, exports showed a slight shrinkage. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the main exporting country with an export of around X units, which reached X% of total exports. It was distantly followed by Chile (X units) and Peru (X units), together making up a X% share of total exports. The following exporters - Ecuador (X units) and Argentina (X units) - together made up X% of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of tyres. At the same time, Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Ecuador experienced a relatively flat trend pattern. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.), Chile (X p.p.) and Peru (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest tyre supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Ecuador, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil was relatively modest. In the other countries, the average annual rates were as follows: Chile (X% per year) and Ecuador (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the export price figures.

Tyre Imports

Imports in MERCOSUR

In 2022, approx. X units of tyres were imported in MERCOSUR; shrinking by X% against the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 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 X%. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, tyre imports surged 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. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) represented the major importer of tyres, making up X% of total imports. Colombia (X units) ranks second in terms of the total imports with an X% share, followed by Argentina (X%), Peru (X%), Chile (X%) and Ecuador (X%). Venezuela (X units) followed a long way behind the leaders.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of tyres. At the same time, Ecuador (X%), Argentina (X%), Peru (X%), Chile (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Venezuela (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.), Ecuador (X p.p.), Colombia (X p.p.) and Peru (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Venezuela (X p.p.) and Brazil (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported tyres in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Chile (X% per year) and Colombia (X% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, continues to indicate a slight reduction. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Chile ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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