Passenger Car Tire Market Overview in Germany
Market Overview
The German passenger car tire market fell slightly to $
in 2019, with a decrease of -% 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 downturn. The growth pace was the most rapid in 2011 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.
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.
in 2019, with a decrease of -% 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 downturn. The growth pace was the most rapid in 2011 with an increase of % y-o-y. As a result, consumption attained the peak level of $. From 2012 to 2019, the growth of the market remained at a somewhat lower figure.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.Consumption
In 2019, approx. units of tyres for motor cars were consumed in Germany; waning by -% on the previous year. Overall, consumption showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Over the period under review, consumption hit record highs at units in 2011; however, from 2012 to 2019, consumption remained at a 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.
units of tyres for motor cars were consumed in Germany; waning by -% on the previous year. Overall, consumption showed a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. Over the period under review, consumption hit record highs at units in 2011; however, from 2012 to 2019, consumption remained at a 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.Market Forecast
Depressed by shrinking demand for passenger car tire in Germany, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Germany increased significantly over the last twelve years (from % to %).
% to %).Trade Balance
Those figures reflect the fact that neither imports nor exports don’t dominate the trade balance, and the country may export not only the product manufactured domestically, but also re-export some previously imported goods.
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