Passenger Car Tyre Market in Italy
Market Overview
In 
, the Italian passenger car tyre market was finally on the rise to reach $ for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market failed to regain momentum.
In value terms, passenger car tyre production soared to $ in estimated in export price. Overall, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth remained at a somewhat lower figure.
, the Italian passenger car tyre market was finally on the rise to reach $ for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $. From 2019 to , the growth of the market failed to regain momentum.In value terms, passenger car tyre production soared to $
in estimated in export price. Overall, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. As a result, production attained the peak level of $. From 2012 to , production growth remained at a somewhat lower figure.Consumption
In , consumption of tyres for motor cars was finally on the rise to reach units after three years of decline. In general, consumption, however, continues to indicate a slight setback. As a result, consumption reached the peak volume of units. From 2019 to , the growth of the consumption remained at a somewhat lower figure.
The size of the passenger car tyre market in Italy totaled $ in , with an increase 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.
, consumption of tyres for motor cars was finally on the rise to reach units after three years of decline. In general, consumption, however, continues to indicate a slight setback. As a result, consumption reached the peak volume of units. From 2019 to , the growth of the consumption remained at a somewhat lower figure.The size of the passenger car tyre market in Italy totaled $
in , with an increase 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). Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market remained at a lower figure.Market Forecast
Depressed by shrinking demand for passenger car tyre in Italy, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of +
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Passenger car tyre market in Italy consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Italy imports of in the passenger car tyre market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review. The growth in the share of Italy imports of in the passenger car tyre market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports.Trade Balance
Italy remains a net importer of passenger car tyre; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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