Tyre Market in Germany
Market Overview
In 
, the German tyre market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed a slight increase. Tyre consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.
In value terms, tyre production skyrocketed to $ in estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Tyre production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.
, the German tyre market increased by % to $ for the first time since 2018, thus ending a two-year declining trend. Overall, consumption showed a slight increase. Tyre consumption peaked at $ in 2018; however, from 2019 to , consumption failed to regain momentum.In value terms, tyre production skyrocketed to $
in estimated in export price. Over the period under review, production, however, showed a noticeable shrinkage. The pace of growth was the most pronounced in 2011 with an increase of % against the previous year. Tyre production peaked at $ in 2007; however, from 2008 to , production failed to regain momentum.Consumption
In , consumption of tyres increased by % to units, rising for the second year in a row after four years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at units in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.
The revenue of the tyre market in Germany amounted to $ in , therefore, remained relatively stable 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). Over the period under review, consumption saw a slight expansion. Tyre consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
, consumption of tyres increased by % to units, rising for the second year in a row after four years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, consumption reached the maximum volume at units in 2016; however, from 2017 to , consumption stood at a somewhat lower figure.The revenue of the tyre market in Germany amounted to $
in , therefore, remained relatively stable 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). Over the period under review, consumption saw a slight expansion. Tyre consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.Consumption by Type
Tyres for motor cars ( units) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, tyres for motor cars exceeded the figures recorded for the second-largest type, tyres for motorcycles or bicycles ( units), threefold. Tyres for buses or lorries ( units) ranked third in terms of total consumption with a % share.
From 2007 to, the average annual rate of growth in terms of the volume of tyres for motor cars consumptions amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: tyres for motorcycles or bicycles (-% per year) and tyres for buses or lorries (-% per year).
In value terms, tyres for motor cars ($) led the market, alone. The second position in the ranking was taken by tyres for buses or lorries ($). It was followed by tyres for agriculture, forestry, construction, industry and other off the road vehicles.
From 2007 to, the average annual growth rate of the value of tyres for motor cars markets amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: tyres for buses or lorries (-% per year) and tyres for agriculture, forestry, construction, industry and other off the road vehicles (+% per year).
units) constituted the product with the largest volume of consumption, accounting for % of total volume. Moreover, tyres for motor cars exceeded the figures recorded for the second-largest type, tyres for motorcycles or bicycles ( units), threefold. Tyres for buses or lorries ( units) ranked third in terms of total consumption with a % share.From 2007 to
, the average annual rate of growth in terms of the volume of tyres for motor cars consumptions amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: tyres for motorcycles or bicycles (-% per year) and tyres for buses or lorries (-% per year).In value terms, tyres for motor cars ($
) led the market, alone. The second position in the ranking was taken by tyres for buses or lorries ($). It was followed by tyres for agriculture, forestry, construction, industry and other off the road vehicles.From 2007 to
, the average annual growth rate of the value of tyres for motor cars markets amounted to -%. With regard to the other consumed products, the following average annual rates of growth were recorded: tyres for buses or lorries (-% per year) and tyres for agriculture, forestry, construction, industry and other off the road vehicles (+% per year).Market Forecast
Driven by rising demand for tyre in Germany, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
In value terms, the market is forecast to increase 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 bring the market volume to units by the end of .In value terms, the market is forecast to increase 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
Tyre market in Germany consists almost entirely of imported products.
Trade Balance
Germany remains a net importer of tyre; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a trade deficit of units, which was equal to $. 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.
. In , there was a trade deficit of units, which was equal to $. 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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