Import glut ripples across European truck tyre market
The ups and downs of European retreading continued last year. According to current figures from the European Tire & Rubber Manufacturers’ Association (ETRMA), the association members retreaded and marketed a total of 4.298 million truck tyres in Europe (excluding Turkey) in 2022. This corresponds to a decline of at least 6.2 per cent compared to the previous year, but is still 4.9 per cent above the figures for the previous year. However, since the new tyre business of the ETRMA members was largely stable (down 0.5 per cent), the importance of retreaded truck tyres fell again significantly compared to the new tyre market and was only 37.2 per cent at the end of last year. The association’s figures also show something else very clearly: the EU tariff effect, which had reduced imports of truck tyres (by non-ETRMA members) for a number of years, has now completely fizzled out.