Latin America and the Caribbean: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Latin America and the Caribbean

In 2023, the Latin American retreaded pneumatic tyre market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a abrupt shrinkage. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Latin America and the Caribbean

In value terms, retreaded pneumatic tyre production soared to $X in 2023 estimated in export price. In general, production recorded a abrupt downturn. The growth pace was the most rapid in 2015 with an increase of X%. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports in Latin America and the Caribbean

In 2023, overseas shipments of retreaded pneumatic tyres increased by X% to X units for the first time since 2020, thus ending a two-year declining trend. Overall, exports, however, faced a abrupt descent. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2023, the growth of the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports declined notably to $X in 2023. In general, exports, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Chile (X units) was the major exporter of retreaded pneumatic tyres, creating X% of total exports. Guatemala (X units) ranks second in terms of the total exports with a X% share, followed by Curacao (X%), the Dominican Republic (X%), Brazil (X%), Trinidad and Tobago (X%) and Bahamas (X%).

Chile was also the fastest-growing in terms of the retreaded pneumatic tyres exports, with a CAGR of X% from 2012 to 2023. At the same time, the Dominican Republic (X%), Curacao (X%) and Brazil (X%) displayed positive paces of growth. By contrast, Guatemala (X%), Bahamas (X%) and Trinidad and Tobago (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Chile, Curacao, the Dominican Republic, Guatemala, Brazil, Bahamas and Trinidad and Tobago increased by X, X, X, X, X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest retreaded pneumatic tyre supplying countries in Latin America and the Caribbean were Guatemala ($X), the Dominican Republic ($X) and Brazil ($X), with a combined X% share of total exports. Chile, Trinidad and Tobago, Curacao and Bahamas lagged somewhat behind, together comprising a further X%.

Chile, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2023, which is down by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while Curacao ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other leaders experienced mixed trends in the export price figures.

Retreaded Pneumatic Tyre Imports

Imports in Latin America and the Caribbean

In 2023, imports of retreaded pneumatic tyres in Latin America and the Caribbean rose slightly to X units, growing by X% compared with 2022 figures. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports reduced rapidly to $X in 2023. Overall, imports, however, recorded a perceptible descent. The growth pace was the most rapid in 2022 when imports increased by X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2023, imports remained at a lower figure.

Imports by Country

Guyana (X units) and Mexico (X units) were the major importers of retreaded pneumatic tyres in 2023, amounting to near X% and X% of total imports, respectively. Bahamas (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Honduras (X%). The following importers - Suriname (X units), the Dominican Republic (X units) and Chile (X units) - together made up X% of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest retreaded pneumatic tyre importing markets in Latin America and the Caribbean were Mexico ($X), the Dominican Republic ($X) and Guyana ($X), together accounting for X% of total imports. Honduras, Chile, Bahamas and Suriname lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Dominican Republic ($X per unit), while Suriname ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform