European Tire Replacement Sales Q3-2021 Registered Lower Volumes Evolution
The European Tire and Rubber Manufacturers’ Association published its members’ replacement tires sales data for Europe for the third quarter 2021.
All segments are either flat, like consumer tires and truck tires, or negative, with a -16% registered by the agricultural sector. The consumer segment recorded a 20% increase in all-season tires and an 11% decrease in the summer car tires, while winter tires remain stable.
The replacement truck tires segment turned out to be more dynamic. If we look at the market
evolution, we can observe an increase of 2% compared to 2019, thanks to the economic recovery, which was higher than expected, and to the positive stock replenishment activity. However comparing Q3 2021 data to Q3 2020, we attest a -1% in the numbers.
“Like in 2020, the main story in 2021 remains strong growth in the all-season segment, despite the overall decline in the market. The data also shows that this beginning of recovery is not yet
consolidated for our sector. We hope that the upcoming months will show a more positive trend”, said Mrs Fazilet Cinaralp, ETRMA’s Secretary General.