Sweden: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Sweden

In 2022, the Swedish passenger car tyre market increased by X% to $X, rising for the second year in a row after three years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Passenger Car Tyre Production in Sweden

In value terms, passenger car tyre production contracted dramatically to $X in 2022 estimated in export price. Overall, production saw a dramatic contraction. Over the period under review, production attained the peak level at $X in 2021, and then shrank rapidly in the following year.

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Passenger Car Tyre Exports

Exports from Sweden

In 2022, approx. X units of tyres for motor cars were exported from Sweden; stabilizing at the year before. The total export volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports attained the peak of X units; afterwards, it flattened through to 2022.

In value terms, passenger car tyre exports expanded sharply to $X in 2022. Over the period under review, total exports indicated modest growth from 2012 to 2022: its value 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, exports increased by X% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Norway (X units), Finland (X units) and Denmark (X units) were the main destinations of passenger car tyre exports from Sweden, together accounting for X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Finland ($X) and Denmark ($X) constituted the largest markets for passenger car tyre exported from Sweden worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Denmark, with a CAGR of X%, saw the highest growth rate of 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 passenger car tyre export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Iceland ($X per unit), while the average price for exports to the Netherlands ($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 Finland (X%), while the prices for the other major destinations experienced mixed trend patterns.

Passenger Car Tyre Imports

Imports into Sweden

In 2022, supplies from abroad of tyres for motor cars increased by X% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, passenger car tyre imports rose sharply to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Germany (X units) and Poland (X units) were the main suppliers of passenger car tyre imports to Sweden, with a combined X% share of total imports. Finland, South Korea, Italy, Russia, Japan, the Netherlands, Hungary, Turkey, Belgium and Spain lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Finland ($X) and China ($X) were the largest passenger car tyre suppliers to Sweden, with a combined X% share of total imports. Poland, Italy, South Korea, the Netherlands, Russia, Hungary, Japan, Belgium, Spain and Turkey lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the average passenger car tyre import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 Finland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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