In 2023, the UK imported roughly 67,000 retreaded rubber tyres. The forecast for imports shows a declining trend from 2024, with values decreasing progressively each year: from 65,350 in 2024 to 59,280 in 2028. The year-on-year decrease signifies a steady contraction in demand or shifts towards alternatives. Over the five-year period, this shows a compound annual growth rate (CAGR) of approximately -2.5%, indicating a decreasing trend in import volumes.
Future trends to watch for include:
- Technological advancements in tyre manufacturing possibly reducing the need for retreading.
- Government policies promoting environmental sustainability and potentially influencing retread consumption.
- Economic factors affecting consumer spending potentially impacting the demand for cost-effective retreaded tyres.