The import of new pneumatic rubber tires for motor cars to Spain experienced fluctuating growth from 2013 to 2023, showing notable declines in 2019 and 2020. However, the market rebounded, seeing strong recovery in 2021 with an annual growth rate of 14.41% and continued moderate growth through to 2023, reaching 30.191 million items. The average annual growth rate (CAGR) for the past five years stood at 0.3%.
Year-on-year, we observed variations such as a positive growth of 8.87% in 2022 and a more moderate rate of 5.61% in 2023. Looking ahead, the forecast for 2024 and beyond indicates a steady increase, with the expected CAGR for the next five years being 1.35% and an overall growth of 6.95% by 2028.
Future trends to watch for include the impact of technological advancements on tire longevity and performance. Additionally, environmental regulations and shifts in consumer preferences towards sustainable products might influence the import patterns, demanding a dynamic market response.
