Italy: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Italy

The Italian passenger car tyre market was finally on the rise to reach $X in 2022, after three years of decline. Overall, the total consumption indicated moderate 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. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Passenger Car Tyre Production in Italy

In value terms, passenger car tyre production surged to $X in 2022 estimated in export price. Overall, production saw a noticeable increase. As a result, production attained the peak level and is likely to continue growth in the immediate term.

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Passenger Car Tyre Exports

Exports from Italy

Passenger car tyre exports from Italy contracted notably to X units in 2022, which is down by X% on 2021. Over the period under review, exports showed a slight downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, passenger car tyre exports dropped slightly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

France (X units), Germany (X units) and Spain (X units) were the main destinations of passenger car tyre exports from Italy, together accounting for X% of total exports. The UK, Belgium, the United States, the Netherlands, Poland, Turkey, Slovakia, Greece, China and Romania lagged somewhat behind, together comprising 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 UK ($X) were the largest markets for passenger car tyre exported from Italy worldwide, with a combined X% share of total exports. Belgium, Spain, the Netherlands, the United States, Poland, China, Slovakia, Turkey, Greece and Romania lagged somewhat behind, together accounting for a further X%.

Romania, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 passenger car tyre export price amounted to $X per unit, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Netherlands ($X per unit), while the average price for exports to France ($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.

Passenger Car Tyre Imports

Imports into Italy

In 2022, passenger car tyre imports into Italy dropped to X units, waning by X% on the previous year. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, passenger car tyre imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of passenger car tyre imports to Italy, with a combined X% share of total imports.

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

In value terms, the largest passenger car tyre suppliers to Italy were China ($X), Germany ($X) and the Czech Republic ($X), together comprising X% of total imports. Romania, the Netherlands, France, Hungary, South Korea, Spain, Poland, Turkey, Serbia and Japan lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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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