Retreaded Pneumatic Tyre Market in Belgium
Market Overview
The Belgian retreaded pneumatic tyre market reduced markedly 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 relatively flat trend pattern. Retreaded pneumatic tyre consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
In value terms, retreaded pneumatic tyre production dropped to $ in estimated in export price. Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production remained at a lower figure.
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 relatively flat trend pattern. Retreaded pneumatic tyre consumption peaked at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.In value terms, retreaded pneumatic tyre production dropped to $
in estimated in export price. Overall, production recorded a deep setback. The pace of growth was the most pronounced in 2013 with an increase of % against the previous year. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production remained at a lower figure.Consumption
In , retreaded pneumatic tyre consumption in Belgium contracted notably to units, with a decrease of -% against the previous year's figure. Overall, consumption continues to indicate a perceptible setback. Over the period under review, consumption reached the maximum volume at units in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.
The size of the retreaded pneumatic tyre market in Belgium reduced rapidly 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
, retreaded pneumatic tyre consumption in Belgium contracted notably to units, with a decrease of -% against the previous year's figure. Overall, consumption continues to indicate a perceptible setback. Over the period under review, consumption reached the maximum volume at units in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.The size of the retreaded pneumatic tyre market in Belgium reduced rapidly 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). Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Driven by rising demand for retreaded pneumatic tyre in Belgium, the market is expected to start an upward consumption trend over the next eight years. 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
Driven by a growing demand, the share of imports in total supply in Belgium increased significantly over the last fifteen years (from % to %). Total import supply of retreaded pneumatic tyre is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of retreaded pneumatic tyre is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Belgium 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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