In 2023, the import of new pneumatic rubber tyres for buses or lorries with a load index greater than 121 to the UK stood at an estimated volume of 1.695 million items. Over the forecast period from 2024 to 2028, we expect a steady annual increase, with the volume reaching approximately 1.740 million items by 2028. The year-on-year growth rates are modest, reflecting a stable demand trajectory for these tyres. The compound annual growth rate (CAGR) over the forecast period is projected at around 0.5%, illustrating a consistent trend.
Future trends to watch include:
- Technological advancements in tyre manufacturing that might affect import volumes.
- Potential regulatory changes in the UK concerning vehicle and tyre standards.
- Macro-economic factors such as inflation and exchange rates that could impact import costs.
