In 2023, South Korea imported a documented volume of used pneumatic tyres. From 2024 onwards, the import value is projected to decrease consistently each year, from 150.4 thousand units in 2024 to 121.38 thousand units in 2028. The annual rate of decline is evident, with year-on-year percentages showing a decrease of approximately 5% to 6% each year. Specifically, in 2025, a decrease of 5% is noted, followed by a consistent similar downward trajectory leading up to 2028. The compound annual growth rate (CAGR) over these five years is a negative figure, indicating an average annual reduction in imports.
Looking ahead, the trend suggests a continual decline in the import of used pneumatic tyres to South Korea. Key factors to monitor include potential shifts in domestic tyre manufacturing capabilities, changes in trade policies, and evolving environmental regulations that may impact the sustainability and feasibility of importing used tyres. Manufacturers and stakeholders should also consider the impact of technological advancements in tyre durability and recycling innovations.
