Tyre Market in Brazil
Market Overview
After two years of decline, the Brazilian tyre market increased by 
% to $ in . Over the period under review, the total consumption indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Tyre consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
In value terms, tyre production dropped slightly to $ in estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of %. Tyre production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.
% to $ in . Over the period under review, the total consumption indicated a modest expansion from 2007 to : its value increased at an average annual rate of +% over the last fourteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Tyre consumption peaked at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.In value terms, tyre production dropped slightly to $
in estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of %. Tyre production peaked at $ in 2011; however, from 2012 to , production stood at a somewhat lower figure.Consumption
In , consumption of tyres in Brazil was estimated at units, approximately mirroring figures. Over the period under review, the total consumption indicated a pronounced expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Tyre consumption peaked at units in 2011; however, from 2012 to , consumption failed to regain momentum.
The value of the tyre market in Brazil fell modestly to $ in , dropping 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). Overall, the total consumption indicated a slight increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.
, consumption of tyres in Brazil was estimated at units, approximately mirroring figures. Over the period under review, the total consumption indicated a pronounced expansion from 2007 to : its volume increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2016 indices. Tyre consumption peaked at units in 2011; however, from 2012 to , consumption failed to regain momentum.The value of the tyre market in Brazil fell modestly to $
in , dropping 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). Overall, the total consumption indicated a slight increase from 2007 to : its value increased at an average annual rate of +% over the last fifteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against indices. Over the period under review, the market reached the maximum level at $ in 2013; however, from 2014 to , consumption stood at a somewhat lower figure.Consumption by Type
Tyres for motorcycles or bicycles ( units), tyres for motor cars ( units) and tyres for agriculture, forestry, construction, industry and other off the road vehicles ( units) were the main products of tyre consumption in Brazil, together accounting for % of the total volume.
From 2007 to, the most notable rate of growth in terms of consumption, amongst the main consumed products, was attained by tyres for agriculture, forestry, construction, industry and other off the road vehicles (with a CAGR of +%), while consumption for the other products experienced more modest paces of growth.
In value terms, tyres for motor cars ($), tyres for buses or lorries ($) and tyres for agriculture, forestry, construction, industry and other off the road vehicles ($) were the products with the highest levels of market value in , together comprising % of the total market. Tyres for motorcycles or bicycles and tyres for aircraft lagged somewhat behind, together accounting for a further %.
Among the main consumed products, tyres for aircraft, with a CAGR of +%, saw the highest rates of growth with regard to market size over the period under review, while market for the other products experienced more modest paces of growth.
units), tyres for motor cars ( units) and tyres for agriculture, forestry, construction, industry and other off the road vehicles ( units) were the main products of tyre consumption in Brazil, together accounting for % of the total volume.From 2007 to
, the most notable rate of growth in terms of consumption, amongst the main consumed products, was attained by tyres for agriculture, forestry, construction, industry and other off the road vehicles (with a CAGR of +%), while consumption for the other products experienced more modest paces of growth.In value terms, tyres for motor cars ($
), tyres for buses or lorries ($) and tyres for agriculture, forestry, construction, industry and other off the road vehicles ($) were the products with the highest levels of market value in , together comprising % of the total market. Tyres for motorcycles or bicycles and tyres for aircraft lagged somewhat behind, together accounting for a further %.Among the main consumed products, tyres for aircraft, with a CAGR of +
%, saw the highest rates of growth with regard to market size over the period under review, while market for the other products experienced more modest paces of growth.Market Forecast
Driven by increasing demand for tyres in Brazil, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding 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 .Trade Balance
Brazil remains a net importer of 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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