Passenger Car Tire Market Overview in Germany
In value terms, passenger car tire production fell to $ in 2019 estimated in export prices. Overall, production saw a pronounced reduction. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2011; however, from 2012 to 2019, production stood at a somewhat lower figure.
The revenue of the passenger car tire market in Germany declined slightly to $ in 2019, which is down by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt setback. The pace of growth appeared the most rapid in 2011 when the market value increased by % y-o-y. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a lower figure.