EU truck tyre market shows slow recovery in 2013 H1

EU flagTHE EUROPEAN Tyre and Rubber Manufacturers’ Association (ETRMA) has recently posted figures of tyre replacement sales for the first half of 2013.

According to its press release: In June, the development in nearly all segments, except winter tyres, indicates that we are above last year, even if the absolute level of activity is still low.

It noted that the markets with weaker economies in Southern Europe are performing better than DACH or Scandinavia. ETRMA’s Secretary General, Fazilet Cinaralp commented this data by saying “In southern Europe, the consumer cannot delay any longer change of tyres. We seem to have reached the bottom!”

Likewise in June, truck replacement continues its positive development (+6%) and Truck OE is quite stable, but all on the low 2012 market level. The agricultural tyre sales (agro) were also positive in June (+4%) and the market is stable.

From January to June, the tyre sales have stabilised on the low level compared to the same period last year. Consumer, Agro and motorcycle tyres still at significantly lower levels compared to same period 2012.

ETRMA says that it expects the market to reach 2012 figures at the year end.

Replacement market Europe first semester 2013 in 000 of tyres

2012 2013 % variation
Consumer 96.717 91.249 -6%
Truck 3.741 3.925  +5%
Agro 959 924 -4%
Moto/Scooter 5.314 5.026 -5%

 
(source: Europool ETRMA)