The import of new pneumatic rubber tyres for motor cars to Germany has exhibited fluctuations over the past decade. Since 2013, the market has seen growth, peaking in 2018 at over 92 million items. However, there were dips in 2019 and 2020, primarily due to global economic conditions and supply chain disruptions. By 2023, imports recovered significantly to 100.11 million items, marking a notable year-on-year increase of 4.79%. Over the last five years, the compound annual growth rate (CAGR) has been 1.63%.
Looking forward, the forecast from 2024 to 2028 indicates a steady growth trend, with a projected CAGR of 1.56%, culminating in an expected import volume of 110.48 million items by 2028. This reflects a forecasted five-year growth rate of 8.07%.
Future trends to watch include advancements in tyre technology, increased adoption of electric vehicles requiring specific tyre types, and potential impacts from regulatory changes favoring sustainable and environmentally friendly tyres. Additionally, supply chain resilience and trade policies will play crucial roles in shaping the market.
