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Portugal - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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Portugal: Passenger Car Tire Market Overview 2021

Passenger Car Tire Market Size in Portugal

The Portuguese passenger car tire market expanded to $X in 2020, growing by X% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2020, consumption remained at a lower figure.

Passenger Car Tire Production in Portugal

In value terms, passenger car tire production reduced to $X in 2020 estimated in export prices. Over the period under review, production saw a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, production attained the peak level of $X. From 2012 to 2020, production growth remained at a somewhat lower figure.

Passenger Car Tire Exports

Exports from Portugal

In 2020, exports of tyres for motor cars from Portugal dropped significantly to X units, waning by -X% on the year before. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2011 when exports increased by X% y-o-y. Exports peaked at X units in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

In value terms, passenger car tire exports contracted to $X in 2020. Overall, total exports indicated pronounced growth from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, exports decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 when exports increased by X% y-o-y. Exports peaked at $X in 2018; however, from 2019 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), Spain (X units) and the U.S. (X units) were the main destinations of passenger car tire exports from Portugal, with a combined X% share of total exports. These countries were followed by South Korea, France, the UK, Belgium, Italy, the Netherlands, Switzerland, Hungary, Poland and Slovakia, which together accounted for a further X 2007 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tire exported from Portugal were Germany ($X), the U.S. ($X) and Spain ($X), with a combined X% share of total exports. These countries were followed by South Korea, the UK, Belgium, Switzerland, France, the Netherlands, Italy, Hungary, Slovakia and Poland, which together accounted for a further X Korea (+X% per year) recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average passenger car tire export price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The growth pace was the most rapid in 2008 when the average export price increased by X% against the previous year. The export price peaked in 2020 and is likely to see steady growth in the near future.

Prices varied noticeably by the country of destination; the country with the highest price was the U.S. ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S., while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tire Imports

Imports into Portugal

In 2020, after seven years of growth, there was significant decline in overseas purchases of tyres for motor cars, when their volume decreased by -X% to X units. Over the period under review, total imports indicated a notable increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% y-o-y. Over the period under review, imports reached the peak figure at X units in 2019, and then contracted dramatically in the following year.

In value terms, passenger car tire imports reduced markedly to $X in 2020. The total import value increased at an average annual rate of +X% over the period from 2007 to 2020; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by X% year-to-year. As a result, imports attained the peak of $X. From 2019 to 2020, the growth imports remained at a somewhat lower figure.

Imports by Country

In 2020, Spain (X units) constituted the largest supplier of passenger car tire to Portugal, with a X% share of total imports. Moreover, passenger car tire imports from Spain exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the Netherlands (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of passenger car tire to Portugal, comprising X% of total imports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+X% per year) and China (+X% per year).

Import Prices by Country

The average passenger car tire import price stood at $X per unit in 2020, remaining constant against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2012 an increase of X% y-o-y. As a result, import price attained the peak level of $X per unit. From 2013 to 2020, the growth in terms of the average import prices failed to regain the momentum.

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Romania, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for motor cars in the world?
+
The countries with the highest volumes of passenger car tire consumption in 2020 were China (553M units), the U.S. (319M units) and India (138M units), together comprising 48% of global consumption.
What are the largest producers of tyres for motor cars in the world?
+
China (748M units) remains the largest passenger car tire producing country worldwide, comprising approx. 36% of total volume. Moreover, passenger car tire production in China exceeded the figures recorded by the second-largest producer, the U.S. (193M units), fourfold. India (137M units) ranked third in terms of total production with a 6.6% share.
What are the leading suppliers of tyres for motor cars to Portugal?
+
In value terms, Spain ($146M) constituted the largest supplier of passenger car tire to Portugal, comprising 48% of total imports. The second position in the ranking was occupied by the Netherlands ($30M), with a 9.8% share of total imports. It was followed by China, with a 7.5% share.
What are the leading importers of tyres for motor cars from Portugal?
+
In value terms, the largest markets for passenger car tire exported from Portugal were Germany ($179M), the U.S. ($177M) and Spain ($106M), with a combined 52% share of total exports. South Korea, the UK, Belgium, Switzerland, France, the Netherlands, Italy, Hungary, Slovakia and Poland lagged somewhat behind, together comprising a further 34%.
What is the average export price for tyres for motor cars in Portugal?
+
The average passenger car tire export price stood at $58 per unit in 2020, surging by 4.1% against the previous year.
What is the average import price for tyres for motor cars in Portugal?
+
In 2020, the average passenger car tire import price amounted to $45 per unit, leveling off at the previous year.

Product coverage:
• Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

This report provides an in-depth analysis of the passenger car tire 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 2025.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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