In 2023, the re-import of used pneumatic tyres to the UK was valued at approximately 1 million US dollars. Forecast data from 2024 to 2028 shows a positive growth trend, with the value increasing annually from 1.0458 million USD in 2024 to 1.1635 million in 2028. This represents a consistent year-on-year growth ranging approximately from 2.9% to 3.2%. The compound annual growth rate (CAGR) for this five-year period is around 2.7%, indicating a steady increase in the market size.
Future trends to watch for include technological advancements in tyre recycling processes and regulatory changes impacting trade policies, which could influence the market dynamics significantly.
