Retreaded Pneumatic Tyre Market in Italy
Market Overview
The Italian retreaded pneumatic tyre market contracted sharply to $
in , 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 perceptible reduction. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
In value terms, retreaded pneumatic tyre production contracted sharply to $ in estimated in export price. Overall, production, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in with an increase of % against the previous year. As a result, production attained the peak level of $, and then plummeted in the following year.
in , 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 perceptible reduction. Over the period under review, the market hit record highs at $ in 2008; however, from 2009 to , consumption failed to regain momentum.In value terms, retreaded pneumatic tyre production contracted sharply to $
in estimated in export price. Overall, production, however, continues to indicate a temperate increase. The most prominent rate of growth was recorded in with an increase of % against the previous year. As a result, production attained the peak level of $, and then plummeted in the following year.Consumption
In , the amount of retreaded pneumatic tyres consumed in Italy declined rapidly to units, dropping by -% against figures. Over the period under review, consumption showed a perceptible curtailment. Retreaded pneumatic tyre consumption peaked at units in 2008; however, from 2009 to , consumption remained at a lower figure.
The value of the retreaded pneumatic tyre market in Italy dropped sharply to $ in , 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 perceptible decrease. Over the period under review, the market attained the peak level at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
, the amount of retreaded pneumatic tyres consumed in Italy declined rapidly to units, dropping by -% against figures. Over the period under review, consumption showed a perceptible curtailment. Retreaded pneumatic tyre consumption peaked at units in 2008; however, from 2009 to , consumption remained at a lower figure.The value of the retreaded pneumatic tyre market in Italy dropped sharply to $
in , 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 perceptible decrease. Over the period under review, the market attained the peak level at $ in 2008; however, from 2009 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for retreaded pneumatic tyre in Italy, the market is expected to continue its downward consumption trend over the next eight years. 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
The growth in the share of Italy imports of in the retreaded pneumatic tyre market structure from % in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.
% in 2007 to % in is explained by a more substantial reduction in output, compared with a decrease in imports. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports increased moderately ( percentage point) over the period under review.Trade Balance
Italy remains a net exporter of retreaded pneumatic tyre; in physical and value terms, exports consistently exceeded imports from 2007 to . In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
. In , there was a significant trade surplus of units, which was equal to $. This tangible trade surplus reflects the fact that the market remains buoyed by domestic production, and the industry is highly incorporated into the global market, which is likely to continue in the medium term.
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