Retreaded Pneumatic Tyre Market in the United States
Market Overview
The U.S. retreaded pneumatic tyre market reduced slightly to $
in , almost unchanged from 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, the total consumption indicated a mild 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 decreased by +% against indices. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.
In value terms, retreaded pneumatic tyre production contracted slightly to $ in . Overall, the total production indicated a temperate 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, production decreased by +% against indices. The pace of growth was the most pronounced in 2013 when the production volume increased by %. Retreaded pneumatic tyre production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.
in , almost unchanged from 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, the total consumption indicated a mild 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 decreased by +% against indices. Over the period under review, the market attained the maximum level at $ in 2018; however, from 2019 to , consumption stood at a somewhat lower figure.In value terms, retreaded pneumatic tyre production contracted slightly to $
in . Overall, the total production indicated a temperate 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, production decreased by +% against indices. The pace of growth was the most pronounced in 2013 when the production volume increased by %. Retreaded pneumatic tyre production peaked at $ in 2018; however, from 2019 to , production remained at a lower figure.Consumption
In , consumption of retreaded pneumatic tyres in the United States fell to units, standing approx. at the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, consumption reached the maximum volume at units in 2013; however, from 2014 to , consumption failed to regain momentum.
The size of the retreaded pneumatic tyre market in the United States contracted to $ in , approximately mirroring 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 mild growth 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 decreased by +% against indices. Retreaded pneumatic tyre consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.
, consumption of retreaded pneumatic tyres in the United States fell to units, standing approx. at the previous year. The total consumption volume increased at an average annual rate of +% from 2007 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, consumption reached the maximum volume at units in 2013; however, from 2014 to , consumption failed to regain momentum.The size of the retreaded pneumatic tyre market in the United States contracted to $
in , approximately mirroring 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 mild growth 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 decreased by +% against indices. Retreaded pneumatic tyre consumption peaked at $ in 2018; however, from 2019 to , consumption remained at a lower figure.Market Forecast
Driven by increasing demand for retreaded pneumatic tyres in the United States, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, 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 .Market Structure
Over the period under review, imports of retreaded pneumatic tyre in the United States were negligibly small compared to the production volumes. Therefore, the share of imports in the total market was practically nonexistent, both in volume and in value terms. This situation has remained constant over the period under review, which means that domestic producers entirely meet the domestic demand for retreaded pneumatic tyre.
Trade Balance
The United States 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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