– We can see that the tyre market has recovered from the pandemic and has seen systematic growth in recent quarters. However, with the beginning of the summer tyre replacement season, this dynamics slowed down and is comparable to the level in 2019. Moreover, due to the increase in raw material prices, the costs of tyre production will also continue to rise in the near future – and thus it should be expected that the price for the customer the end point will also increase – points out Radosław Bółkowski, President of the Management Board of the Polish Tyre Industry Association (PTIA).
– In the first quarter, tyre sales rose sharply in most segments. Only agricultural tyres recorded a decline - which may be the effect of seasonality, but also an announcement of reduced investments in agriculture. However, we are pleased with the systematic increase in sales in premium segments – because it means greater safety for car travelers and longer tyre use for the driver, and savings at the same time. We see this particularly strongly in the truck tyre class, where the budget and mid-range tyres maintain similar levels, while the premium segment is growing strongly. Forwarders and truck owners know very well how important tyres are in operation and how much savings can be made by proper and properly used tyre – potwierdza General Director of the Polish Tyre Industry Association (PTIA).
European tyre market
In this first quarter 2022, except for the Agricultural segment, for which the negative single figure trend can be linked to the low seasonality, we are assisting to an increase compared to Q1 2021.
The Consumer segment is boosted by the car-all-seasons tyres and we also assist to a good performance of Truck & Bus, Motorcycle & Scooter tyres thanks to the economic recovery.
The pace of growth has slowed down in March as a result of the uncertainties and the impact generated by the Russia – Ukraine conflict.
– We need to be realistic and presume that raw material and energy supply tensions coming from the current situation, are likely to affect sales volumes in the coming months. We all hope that in the weeks to come, we will assist to a conflict resolution to stop the war and re-establish the peace – said Mrs Cinaralp, Secretary General of European Tyre and Rubber Manufacturers’ Association ETRMA.
Source: Polish Tyre Industry Association