European tyre makers achieve 47 billion euro turnover in 2011, production up 6.6%
During 2011, some 4.8 million tonnes of tyres were manufactured in Europe, a figure representing 24 per cent of the global total. Overall tyre production levels within the region were 6.6 per cent higher than in 2010. European replacement market sales totaled 301.7 million units during the year, an increase of 4.41 per cent over 2010 levels; replacement passenger car and light commercial vehicle tyre sales came to 289 million units, up 4.21 per cent, and replacement commercial vehicle tyre sales amounted to 12.6 million units, a 9.1 per cent year-on-year increase.
European industry turnover amounted to 47 billion euros, eight per cent higher than in 2010. Turnover for ETRMA members in EU27 countries was 29 billion euros, a year-on-year rise of 13 per cent. Some 10 billion euros worth of tyres were imported into Europe during 2011, 16.2 per cent more than the previous year. This figure represents 215.7 million units, 8.2 per cent more than in 2010. European producers exported tyres to the value of 8 billion euros, an increase of 16.4 per cent over 2010 levels. A total of 71.2 million tyres were exported from Europe last year, a year-on-year increase of 11.5 per cent.
These figures come from the European Tyre & Rubber manufacturers’ Association’s 2011-12 annual report, released in late August. The full report can be downloaded in pdf form here.
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