Retreaded tyres for passenger cars market in Portugal

Earlier Report Observations

The Portuguese retreaded tyre market operated within a tightening regulatory framework from 2018 onward. That year, Valorpneu secured its third license to manage the integrated used tyre system, extending its control to the autonomous regions of Azores and Madeira and ensuring better oversight of collection for retreading. This was followed by the EU's Tyre Labelling Regulation (2020/740) introduced in 2020, which mandated energy efficiency labels for tyres. These rules began to steer consumer preferences, coinciding with a period where market volume, after peaking at 72.7 thousand units in 2019, contracted to 28.8 thousand units by 2021.

Subsequent market movements were closely tied to the characteristics of Portugal's vehicle fleet and evolving consumer trends. The notably aged passenger car fleet, with an average age around 14 years, supported demand for cost-effective retreaded tyres, contributing to a market recovery to 36.3 thousand units in 2022. However, a growing consumer preference for premium and larger-diameter tyres, particularly for SUVs, temporarily reduced the appeal of retreaded products, pulling volume down to 25.6 thousand units in 2023. The market rebounded to 30.4 thousand units in 2024, aided by the entry into force of EU regulation R117-04, which guaranteed tyre quality and safety down to the legal tread wear limit, bolstering confidence in retreaded tyres.

Production retreaded tyres for passenger cars in Portugal

In value, 2018-2021, K $ US

After two consecutive years of decline, Portugal's production of retreaded passenger car tires has rebounded. In 2021, output reached 7 358 K $ US, marking a significant 40.1% increase compared to the previous year. Looking at the period from 2018 to 2021, production grew by 30.9%, which translates to an annualized growth rate of 9.4%. The lowest production value was recorded in 2020 at 5 252 K $ US, with the largest decline of 5.5% also occurring that year.

Annual dynamics of production in Portugal in value, 2018-2021, K $ US

In kind, 2018-2021, K unit

Following a two-year decline, Portugal's production of retreaded passenger car tires in physical terms has turned upward. In 2021, the country produced 99.1 K units, representing a 9.7% gain over the previous year. However, over the broader period from 2018 to 2021, production decreased by 2.7%, averaging an annual decline of 0.9%. The lowest output was in 2020 at 90.4 K units, with the steepest drop of 9.0% also recorded that year.

Annual dynamics of production in Portugal in kind, 2018-2021, K unit

Exports retreaded tyres for passenger cars from Portugal

Exports in kind, unit

After two years of decline, Portugal's exports of retreaded passenger car tires in physical terms have increased. In 2021, the country exported 71 092 units, which is 23.9% higher than the previous year. Despite this recent uptick, exports fell by 24.9% over the 2018-2021 period, with a compound annual growth rate (CAGR) of -9.1%. The lowest export volume was in 2020 at 57 383 units, while the largest decline of 36.0% occurred in 2019.

Annual dynamics of product's exports from Portugal in kind, 2018-2021, unit

From 2018 to 2021, France, Spain, and Germany were the primary destinations for Portugal's exports of retreaded passenger car tires in physical terms. France accounted for 33.9% of exports, Spain for 29.6%, and Germany for 19.4%. Together, these three countries represented 83.0% of Portugal's total exports in this category.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Portugal in kind, 2018-2021

Exports in value, K $ US

Following a two-year decline, Portugal's exports of retreaded passenger car tires in value terms have risen. In 2021, exports reached 3 810 K $ US, a 28.9% increase compared to the previous year. Over the 2018-2021 period, exports grew by 4.1%, with a compound annual growth rate (CAGR) of 1.3%. The lowest export value was recorded in 2020 at 2 956 K $ US, while the largest decline of 15.2% took place in 2019.

Annual dynamics of product's exports from Portugal in value, 2018-2021, K $ US

Between 2018 and 2021, France, Spain, and Germany remained the top buyers of retreaded passenger car tires from Portugal in value terms. France held a 34.1% share of exports, Spain 34.0%, and Germany 19.9%. Collectively, these three markets accounted for 88.0% of Portugal's total export value in this sector.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Portugal in value, 2018-2021

Imports retreaded tyres for passenger cars to Portugal

Imports in kind, unit

Portugal's imports of retreaded passenger car tires in physical terms have declined for the third consecutive year. In 2021, the country imported approximately 798 units, a sharp drop of 94.6% compared to the previous year. Over the 2018-2021 period, imports plummeted by 98%, averaging an annual decline of 72.8%.

Annual dynamics of product's imports to Portugal in kind, 2018-2021, unit

From 2018 to 2021, Spain dominated Portugal's imports of retreaded passenger car tires in physical terms, accounting for 98.4% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Portugal in kind, 2018-2021

Imports in value, K $ US

The import market for retreaded passenger car tires in Portugal showed an unstable trend during this period. Imports peaked in 2019 at 1 894 K $ US and fell to their lowest point in 2021, with a 52-fold difference between these years. In 2021, Portugal imported a total of {value_last_year} K $ US, reflecting a 95.8% drop compared to the previous year. The largest increase of 11.3% was recorded in 2019.

Annual dynamics of product's imports to Portugal in value, 2018-2021, K $ US

Between 2018 and 2021, virtually all imports of retreaded passenger car tires to Portugal in value terms were linked to Spain, which accounted for 99.6% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Portugal in value, 2018-2021