ETRMA: Truck Tyre Sales Up, Agricultural Sales Down
The European Tyre and Rubber Manufacturers’ Association (ETRMA) published its members’ replacement tyre sales for the second quarter 2022.
ETRMA: Q2-2022 data calls for caution due to the Ukraine/Russia war
Q2 2022 confirms a positive trend both in the Consumer (+6%) and Truck (+11% - 3,562,000 units) tyres segments compared to 2021.
Commercial Tyre Business is mindful that these figures represent sales post-Covid, where both vehicle and tyre sales were still suffering in 2021, and vehicle mileage over 2022 and 2021 was considerably lower than the norm.
As freight movements increase, so too will the need for replacement truck and LCV tyres. However, the indications remain uncertain as agricultural replacements remain depressed across Europe.
The Agricultural tyre segment remains very negative, being the only category still below 2019 volumes – down by 21% to 265,000 units.
“We observe signs of declining demand and fear that the challenges linked to the rising cost of gas, the raw materials and the supply of the semi-finished products will maintain the industry under pressure”, said Fazilet Cinaralp, Secretary General of ETRMA.
The combined pressures on the industry are further compounded by the war in Ukraine and the uncertainty that brings to European trade.