In 2023, the re-import of retreaded tyres to the UK stood at 334.1 thousand kilograms. From 2024 onwards, forecasts suggest a steady increase in volume, with a year-on-year growth rate averaging around 4% by 2028. The compound annual growth rate (CAGR) over the five-year forecast period is estimated at approximately 4.1%, indicating a positive trajectory in re-import volumes.
Key future trends to watch for include:
- Technological advancements in tyre retreading processes which may enhance product quality and enlarge market reach.
- Potential regulatory changes affecting imports and environmental standards that could impact demand.
- Industry shifts towards sustainable practices which may increase the attractiveness of retreaded tyres as a cost-effective and eco-friendly option.