Global Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size

The global passenger car tyre market rose modestly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Global consumption peaked in 2022 and is likely to see steady growth in the near future.

Passenger Car Tyre Production

In value terms, passenger car tyre production shrank slightly to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, global production hit record highs at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Passenger Car Tyre Exports

Exports

In 2022, approx. X units of tyres for motor cars were exported worldwide; falling by X% on 2021. In general, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, passenger car tyre exports rose notably to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the global exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China represented the key exporter of tyres for motor cars in the world, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Thailand (X units) and Germany (X units), together generating a X% share of total exports. South Korea (X units), Romania (X units), Poland (X units), Japan (X units), Hungary (X units), Indonesia (X units), Mexico (X units), Spain (X units), the Czech Republic (X units) and the Netherlands (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to passenger car tyre exports from China stood at X%. At the same time, Mexico (X%), Thailand (X%), Romania (X%), Hungary (X%), the Czech Republic (X%) and Poland (X%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Indonesia and Spain experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), Germany (X%), South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest passenger car tyre supplying countries worldwide were China ($X), Germany ($X) and Thailand ($X), together accounting for X% of global exports. South Korea, Japan, the Netherlands, Romania, Poland, Hungary, Mexico, the Czech Republic, Indonesia and Spain lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other global 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 under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, 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 the Netherlands ($X per unit), while China ($X per unit) was amongst the lowest.

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

Passenger Car Tyre Imports

Imports

Global passenger car tyre imports totaled X units in 2022, therefore, remained relatively stable against 2021 figures. The total import volume increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Global imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, passenger car tyre imports totaled $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, the United States (X units), distantly followed by Germany (X units), the Netherlands (X units), France (X units), the UK (X units) and Mexico (X units) were the major importers of tyres for motor cars, together committing X% of total imports. Italy (X units), Spain (X units), Canada (X units), Brazil (X units), Australia (X units), Poland (X units) and Belgium (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to passenger car tyre imports into the United States stood at X%. At the same time, the Netherlands (X%), Mexico (X%), Poland (X%), Brazil (X%) and the UK (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Australia, Spain, Italy, Germany and Canada experienced a relatively flat trend pattern. By contrast, France (X%) and Belgium (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) and Mexico (X p.p.) significantly strengthened its position in terms of the global imports, while Germany and France saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported tyres for motor cars worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

Import Prices by Country

The average passenger car tyre import price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price, however, saw a mild downturn. Global import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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