Italy: Tyre Market 2024

Tyre Market Size in Italy

In 2022, the Italian tyre market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated noticeable 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, consumption increased by X% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Tyre Production in Italy

In value terms, tyre production surged to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. As a result, production reached the peak level and is likely to continue growth in the immediate term.

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Tyre Exports

Exports from Italy

In 2022, tyre exports from Italy declined to X units, which is down by X% compared with 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, tyre exports rose modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

Exports by Country

France (X units), Germany (X units) and Spain (X units) were the main destinations of tyre exports from Italy, together comprising X% of total exports. The UK, the Netherlands, the United States, Belgium, Poland, Turkey, Slovakia, Switzerland, the Czech Republic and Romania lagged somewhat behind, together accounting for a further X%.

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

In value terms, France ($X), Germany ($X) and the United States ($X) constituted the largest markets for tyre exported from Italy worldwide, together accounting for X% of total exports. Spain, the UK, the Netherlands, Belgium, Turkey, Poland, Slovakia, Switzerland, Romania and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Romania, with a CAGR of X%, recorded 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 tyre export price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Czech Republic ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Tyre Imports

Imports into Italy

In 2022, the amount of tyres imported into Italy fell to X units, which is down by X% compared with the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, tyre imports rose markedly 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

China (X units), Thailand (X units) and Germany (X units) were the main suppliers of tyre imports to Italy, together comprising X% of total imports. France, the Czech Republic, Indonesia, Romania, Poland, the Netherlands, Spain, Serbia, Turkey and Hungary lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest tyre suppliers to Italy were China ($X), Germany ($X) and the Czech Republic ($X), with a combined X% share of total imports. France, Romania, Poland, the Netherlands, Turkey, Spain, Hungary, Thailand, Serbia and Indonesia lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average tyre import price stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Turkey ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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