![United Kingdom - Tyres - Market Analysis, Forecast, Size, Trends and Insights](/landing/img/reports/united-kingdom-tyres-market-analysis-forecast-size-trends-and-insights.webp)
United Kingdom - Tyres - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingTyre Price in the UK - 2023
Contents:
- Tyre Price in the UK (CIF) - 2022
- Tyre Price in the UK (FOB) - 2022
- Tyre Imports in the UK
- Tyre Exports in the UK
Tyre Price in the UK (CIF) - 2022
The average tyre import price stood at $56 per unit in 2022, rising by 2.5% against the previous year. Over the period under review, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 20% against the previous year. The import price peaked at $63 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($103 per unit), while the price for Indonesia ($31 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Tyre Price in the UK (FOB) - 2022
The average tyre export price stood at $117 per unit in 2022, growing by 9% against the previous year. In general, the export price posted a measured increase. The pace of growth was the most pronounced in 2020 an increase of 41% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
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 Switzerland ($144 per unit), while the average price for exports to South Korea ($68 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 France (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Tyre Imports in the UK
In 2022, imports of tyres into the UK reduced to 54M units, shrinking by -1.6% against 2021. In general, imports saw a mild setback. The most prominent rate of growth was recorded in 2021 when imports increased by 6.5%. Imports peaked at 57M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, tyre imports reached $3B in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Imports peaked in 2022 and are expected to retain growth in years to come.
Import of Tyre in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 585 | 519 | 704 | 730 | 7.7% |
Germany | 404 | 332 | 464 | 241 | -15.8% |
Spain | 125 | 114 | 134 | 176 | 12.1% |
Poland | 99.3 | 96.1 | 112 | 175 | 20.8% |
South Korea | 121 | 96.5 | 113 | 140 | 5.0% |
Thailand | 60.5 | 54.8 | 79.4 | 132 | 29.7% |
Hungary | 79.8 | 74.0 | 88.2 | 114 | 12.6% |
Turkey | 106 | 88.6 | 97.4 | 113 | 2.2% |
Japan | 98.0 | 70.2 | 70.3 | 111 | 4.2% |
Romania | 90.7 | 87.3 | 89.7 | 110 | 6.6% |
Italy | 98.5 | 74.5 | 96.7 | 104 | 1.8% |
Serbia | 87.7 | 63.5 | 75.4 | 76.2 | -4.6% |
Indonesia | 50.8 | 33.6 | 46.7 | 43.7 | -4.9% |
Others | 751 | 627 | 803 | 735 | -0.7% |
Total | 2,756 | 2,331 | 2,975 | 3,001 | 2.9% |
Top Suppliers of Tyre to the UK in 2022:
- China (22.1M units)
- Germany (3.5M units)
- Thailand (2.7M units)
- South Korea (2.2M units)
- Turkey (2.0M units)
- Hungary (1.9M units)
- Poland (1.8M units)
- Serbia (1.7M units)
- Spain (1.7M units)
- Romania (1.5M units)
- Japan (1.5M units)
- Italy (1.4M units)
- Indonesia (1.4M units)
Tyre Exports in the UK
In 2022, after two years of decline, there was growth in overseas shipments of tyres, when their volume increased by 0.1% to 3.9M units. In general, exports, however, showed a dramatic slump. The exports peaked at 12M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, tyre exports rose rapidly to $459M in 2022. Over the period under review, exports, however, faced a deep contraction. The exports peaked at $691M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Tyre in the UK (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 85.8 | 55.3 | 59.9 | 71.0 | -6.1% |
Germany | 83.5 | 47.6 | 39.8 | 46.5 | -17.7% |
Ireland | 96.3 | 92.9 | 70.5 | 42.9 | -23.6% |
Netherlands | 79.1 | 64.8 | 40.6 | 35.5 | -23.4% |
Slovakia | 26.1 | 17.8 | 21.1 | 28.0 | 2.4% |
Belgium | 31.1 | 28.1 | 17.9 | 25.7 | -6.2% |
Italy | 29.6 | 19.5 | 21.3 | 21.2 | -10.5% |
France | 41.6 | 16.7 | 15.5 | 18.4 | -23.8% |
China | 22.1 | 22.4 | 21.4 | 16.6 | -9.1% |
Switzerland | 2.3 | 1.7 | 6.7 | 15.7 | 89.7% |
Spain | 29.2 | 15.3 | 11.2 | 13.6 | -22.5% |
South Korea | 3.6 | 1.4 | 1.3 | 7.2 | 26.0% |
Others | 161 | 83.2 | 93.1 | 116 | -10.4% |
Total | 691 | 467 | 420 | 459 | -12.7% |
Top Export Markets for Tyre from the UK in 2022:
- United States (533.2K units)
- Germany (517.6K units)
- Ireland (393.5K units)
- Netherlands (345.3K units)
- Slovakia (242.3K units)
- Belgium (225.2K units)
- Italy (203.5K units)
- China (179.2K units)
- France (150.8K units)
- Spain (129.8K units)
- Switzerland (109.4K units)
- South Korea (105.6K units)
This report provides an in-depth analysis of the tyre market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
- 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
-
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
-
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
-
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
-
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
-
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
-
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
This report provides an in-depth analysis of the tyre market in the UK.
This report provides an in-depth analysis of the aircraft tyre market in the UK.
This report provides an in-depth analysis of the market for agricultural, construction and industrial machinery tyre in the UK.
This report provides an in-depth analysis of the passenger car tyre market in the UK.
This report provides an in-depth analysis of the market for truck and bus tyre in the UK.
This report provides an in-depth analysis of the market for motorcycle or bicycle tyre in the UK.
This report provides an in-depth analysis of the roundwood market in the UK.
This report provides an in-depth analysis of the seat market in the UK.
This report provides an in-depth analysis of the market for soap in bars other than for toilet use in the UK.
This report provides an in-depth analysis of the market for soap in bars for toilet use in the UK.
In March 2023, the aircraft tyre price stood at $1,014 per unit (FOB, United Kingdom), picking up by 16% against the previous month.
In February 2023, the passenger car tyre price amounted to $45.9 per unit (CIF, United Kingdom), approximately reflecting the previous month.
Imports of Roundwood peaked at 2.1M cubic meters in 2019, but failed to regain momentum from 2020 to 2023. In value terms, Roundwood imports soared to $328M in 2023.
In March 2023, the seat price stood at $354 per unit (CIF, United Kingdom), almost unchanged from the previous month.
In July 2022, the wood fuel price stood at $243 per cubic meter (CIF, United Kingdom), surging by 3.8% against the previous month.
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.
Explore the top import markets for agricultural, construction, and industrial machinery tyres in 2023. Find out which countries are leading the way in importing high-quality tyres for various sectors.
In value terms, machining centres, unit construction machines imports amounted to $X in 2016. Overall, it indicated a slight expansion from 2007 to 2016: the total imports value decreased at an ave...
In value terms, agricultural, horticultural, forestry equipment imports totaled $X in 2016. Overall, it indicated a conspicuous growth from 2007 to 2016: the total imports value increased at an ave...