Italy - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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View PricingTyre Price in Italy - 2023
Contents:
- Tyre Price in Italy (CIF) - 2022
- Tyre Price in Italy (FOB) - 2022
- Tyre Imports in Italy
- Tyre Exports in Italy
Tyre Price in Italy (CIF) - 2022
In 2022, the average tyre import price amounted to $51 per unit, waning by -11.7% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by 33%. The import price peaked at $57 per unit in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($89 per unit), while the price for Indonesia ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Tyre Price in Italy (FOB) - 2022
In 2022, the average tyre export price amounted to $77 per unit, flattening at the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 22%. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($121 per unit), while the average price for exports to the Czech Republic ($43 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 Belgium (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Tyre Imports in Italy
Tyre imports into Italy skyrocketed to 56M units in 2022, rising by 20% against the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 26% against the previous year. Over the period under review, imports hit record highs at 57M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, tyre imports expanded rapidly to $2.8B in 2022. The total import value increased at an average annual rate of +5.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
Import of Tyre in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 242 | 204 | 251 | 334 | 11.3% |
Germany | 321 | 282 | 341 | 285 | -3.9% |
Czech Republic | 178 | 154 | 220 | 257 | 13.0% |
France | 193 | 159 | 193 | 217 | 4.0% |
Romania | 115 | 107 | 149 | 198 | 19.9% |
Turkey | 117 | 100 | 138 | 161 | 11.2% |
Spain | 165 | 135 | 176 | 150 | -3.1% |
Poland | 168 | 153 | 191 | 148 | -4.1% |
Hungary | 99.4 | 91.4 | 119 | 116 | 5.3% |
South Korea | 102 | 67.8 | 87.0 | 116 | 4.4% |
Thailand | 49.7 | 38.5 | 73.2 | 87.8 | 20.9% |
Serbia | 55.4 | 48.5 | 60.9 | 73.3 | 9.8% |
Indonesia | 20.5 | 17.7 | 25.8 | 30.5 | 14.2% |
Others | 571 | 511 | 645 | 661 | 5.0% |
Total | 2,398 | 2,069 | 2,670 | 2,835 | 5.7% |
Top Suppliers of Tyre to Italy in 2022:
- China (11.4M units)
- Thailand (5.9M units)
- Germany (4.3M units)
- Czech Republic (3.6M units)
- France (3.4M units)
- Romania (3.0M units)
- Indonesia (2.9M units)
- Serbia (2.3M units)
- Poland (2.2M units)
- Spain (2.1M units)
- Turkey (1.8M units)
- Hungary (1.7M units)
- South Korea (1.7M units)
Tyre Exports in Italy
Tyre exports from Italy dropped notably to 18M units in 2022, with a decrease of -20.1% on the previous year. In general, exports showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 17%. The exports peaked at 27M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, tyre exports reduced markedly to $1.4B in 2022. Over the period under review, exports showed a noticeable reduction. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year. As a result, the exports reached the peak of $1.8B, and then declined notably in the following year.
Export of Tyre in Italy (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 364 | 293 | 332 | 267 | -9.8% |
France | 267 | 259 | 331 | 202 | -8.9% |
United States | 107 | 83.4 | 125 | 128 | 6.2% |
United Kingdom | 96.1 | 74.3 | 94.7 | 101 | 1.7% |
Belgium | 58.8 | 50.7 | 70.4 | 82.8 | 12.1% |
Netherlands | 74.3 | 78.1 | 98.4 | 81.6 | 3.2% |
Spain | 125 | 120 | 129 | 57.6 | -22.8% |
Turkey | 28.1 | 31.6 | 34.3 | 40.7 | 13.1% |
China | 35.7 | 39.2 | 39.3 | 35.3 | -0.4% |
Poland | 41.2 | 38.9 | 43.8 | 27.6 | -12.5% |
Switzerland | 22.2 | 24.3 | 24.6 | 25.5 | 4.7% |
Romania | 16.9 | 10.2 | 15.3 | 20.4 | 6.5% |
Czech Republic | 28.3 | 26.6 | 22.8 | 16.3 | -16.8% |
Others | 345 | 310 | 400 | 322 | -2.3% |
Total | 1,609 | 1,440 | 1,760 | 1,408 | -4.4% |
Top Export Markets for Tyre from Italy in 2022:
- France (3.2M units)
- Germany (2.7M units)
- United Kingdom (1.6M units)
- United States (1.1M units)
- Spain (1.1M units)
- Netherlands (0.9M units)
- Belgium (0.8M units)
- Turkey (0.6M units)
- Poland (0.5M units)
- Romania (0.4M units)
- Czech Republic (0.4M units)
- Switzerland (0.4M units)
- China (0.4M units)
This report provides an in-depth analysis of the tyre market in Italy. 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:
- Italy
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Italy
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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Roundwood imports reached a peak of 654K cubic meters in October 2022, but failed to regain momentum from November 2022 to September 2023. In terms of value, imports surged to $27M in September 2023.
In April 2023, Skim Milk imports surged by 30% month-to-month, reaching $11M in value by November 2023.
Wood Fuel imports peaked at 3.3M cubic meters before declining significantly the next year. The value of wood fuel imports also decreased to $60M in 2023.
During the analyzed period, Wood Fuel imports reached their highest point in October 2022, totaling 452K cubic meters. From November 2022 to September 2023, imports remained relatively lower. In terms of value, Wood Fuel imports surged to $5.4M in September 2023.
The tyre industry has witnessed significant growth over the years, driven by the increasing demand for automobiles and the expanding global automotive industry. As a result, tire manufacturers around the world are constantly looking to tap into the best import markets for tyres to ensure their products reach a wider audience. The IndexBox Market Intelligence Platform provides comprehensive and up-to-date data on global trade, including import values, market trends, and key statistics. Based on the data sourced from the IndexBox platform, we have compiled a list of the top 10 countries with the highest import values for tyres in 2022. The United States takes the top spot with an import value of $18.7 billion in 2022, followed by Germany and France. Emerging economies like Mexico, Canada, and Australia also contribute significantly to the import market for tyres. The IndexBox market intelligence platform delivers valuable insights into these markets, helping manufacturers and traders make informed decisions and capitalize on the opportunities available.
The global tire market is expected to reach $209 billion in 2030, growing with a CAGR of +2.4% from 2022 to 2030.
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