Report Update: Apr 1, 2024

Belgium - Tyres - Market Analysis, Forecast, Size, Trends and Insights

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Tyre Price in Belgium - 2023

Tyre Price in Belgium (CIF) - 2022

In 2022, the average tyre import price amounted to $81 per unit, declining by -2.2% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 8.1% against the previous year. Over the period under review, average import prices attained the maximum at $90 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 Japan ($161 per unit), while the price for China ($32 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Tyre Price in Belgium (FOB) - 2022

In 2022, the average tyre export price amounted to $87 per unit, declining by -7.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 12%. Over the period under review, the average export prices hit record highs at $98 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($153 per unit), while the average price for exports to Italy ($59 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 Luxembourg (+4.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Imports in Belgium

In 2022, the amount of tyres imported into Belgium expanded sharply to 25M units, picking up by 10% on the previous year. The total import volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, tyre imports rose remarkably to $2B in 2022. The total import value increased at an average annual rate of +6.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Import of Tyre in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	265	267	329	246	-2.4%
Germany	184	190	219	211	4.7%
Japan	180	146	116	172	-1.5%
China	101	118	119	161	16.8%
Spain	133	113	140	154	5.0%
Netherlands	85.7	95.0	121	131	15.2%
Czech Republic	93.0	84.3	107	117	8.0%
Italy	124	46.9	93.2	104	-5.7%
Turkey	66.3	72.8	68.1	103	15.8%
Slovakia	77.1	69.4	86.7	93.0	6.4%
Poland	57.5	62.0	84.7	81.6	12.4%
Romania	47.5	40.7	50.8	63.6	10.2%
Thailand	32.0	31.6	36.8	47.4	14.0%
Others	245	267	301	331	10.5%
Total	1,691	1,604	1,871	2,016	6.0%

Top Suppliers of Tyre to Belgium in 2022:

China (4.9M units)
Netherlands (3.1M units)
France (2.2M units)
Germany (2.1M units)
Turkey (1.5M units)
Spain (1.2M units)
Italy (1.1M units)
Japan (1.1M units)
Czech Republic (1.0M units)
Slovakia (0.9M units)
Thailand (0.9M units)
Romania (0.8M units)
Poland (0.8M units)

Tyre Exports in Belgium

Tyre exports from Belgium rose notably to 16M units in 2022, increasing by 14% compared with the year before. The total export volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, tyre exports rose significantly to $1.4B in 2022. The total export value increased at an average annual rate of +7.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Export of Tyre in Belgium (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
France	198	201	261	259	9.4%
Netherlands	159	192	231	247	15.8%
Germany	135	174	166	225	18.6%
Sweden	180	159	172	185	0.9%
Luxembourg	70.0	70.6	75.8	75.5	2.6%
Italy	69.7	70.7	80.4	75.3	2.6%
Spain	38.3	38.9	34.4	43.0	3.9%
Poland	28.7	24.9	36.5	36.4	8.2%
United Kingdom	63.9	52.9	30.3	26.7	-25.2%
Czech Republic	14.1	17.2	16.6	19.0	10.5%
Others	199	179	239	233	5.4%
Total	1,157	1,180	1,343	1,426	7.2%

Top Export Markets for Tyre from Belgium in 2022:

France (4.3M units)
Germany (3.6M units)
Netherlands (1.6M units)
Sweden (1.6M units)
Italy (1.3M units)
Spain (0.7M units)
Luxembourg (0.5M units)
Poland (0.4M units)
Czech Republic (0.3M units)
United Kingdom (0.3M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the tyre market in Belgium. 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 2030.

Product coverage:

Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)
Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121
Prodcom 22111370 - New pneumatic rubber tyres for aircraft
Prodcom 22111200 - New pneumatic tyres, of rubber, of a kind used on motorcycles or bicycles
Prodcom 22111400 - Agrarian tyres, other new pneumatic tyres, of rubber

Country coverage:

Belgium

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Belgium
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023