Sales of replacement tires in Europe declined in the first three quarters

On October 25, the European Tire and Rubber Manufacturers Association (ETRMA) released market data showing that sales in the European replacement tire market in the third quarter of 2022 fell by 9% year-on-year to 63.
53 million units
.

Among them, passenger car tire sales decreased by 9% y/y to 58.
029 million units; Truck tire shipments decreased 8.
7% y/y to 3.
255 million units.
Shipments of agricultural tires decreased by 28.
2% y/y to 191,000 units, while shipments of motorcycle/scooter tires decreased by 5.
6% y/y to 2.
055 million units
.

The secretary general of ETRMA said that in addition to the tight supply of raw materials and energy, logistics and labor costs have also increased significantly, and demand has also slowed
.
If inflation trends and supply tensions continue, the association fears that the European replacement tire market will be very difficult
at the end of 2022 and 2023.