Following a challenging 2023, the European Tyre & Rubber Manufacturers Association (ETRMA) has reported positive developments in the first half of 2024. ETRMA members recorded a year-on-year increase in replacement consumer PCLT (passenger car, light truck) and agricultural tyre sales in H1 2024, with particularly strong performance in the second quarter. However, PCLT tyre imports grew at a faster rate than member sales.
Sailun Group has published its operating data for the second quarter of 2024, reporting having produced 18.1579 million tyres in the three months to 30 June 2024 and selling 17.9620 million tyres. Revenues from these products amounted to 7.57 billion yuan (£809.02 million) for the period.
A total of 35.1 million tyres for all powered applications were sold in Russia in 2022, reports daily newspaper Kommersant. This figure represents a year-on-year decrease of 14.9% that disproportionately weighed upon the premium tyre segment. Tyre makers based within the country produced 42.7 million tyres within the year.
Reporting market trends for the month of June, Michelin notes that the current shortage of semiconductors strongly dampened recovery within the global automotive industry, which impacted upon sales of original equipment passenger vehicle and light truck tyres.
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