According to a report recently made by the British Imported Tyre Manufacturers Association, the market for all-steel radial tires in Europe has grown rapidly in the past two years. In 2014, it is expected to record a new high on the basis of the previous year.

According to statistics, in 2013, 28 member states of the European Union produced a total of 14,414,400 all-steel radial tires, of which 10.933 million were for the replacement market and 3.48 million for the original supporting market. In 2012, it produced a total of 13.527 million products, including 9.53 million replacement markets and 3.969 million matching products. Its overall market growth rate reached 6%, and the replacement tire market's growth rate reached 14%.

According to the analysis, compared with the tire market for cars/light trucks, the reason for the rapid growth of the all-steel radial tire market is that the economic situation in Europe has improved and economic activities have become more frequent, resulting in a significant increase in road freight. Germany is the largest market for all-steel radial tires, which accounted for 19.5% of all European sales in 2013.

From the perspective of import share, the import volume of all-steel radial tires in Europe in 2013 increased by 25% from the 16.1% of the entire European market to 20.2%, of which the import of Chinese tires was even more prominent. According to the website of Tire World, China’s all-steel radial tire has a rapid increase in its import share and market share in Europe, and its import value has increased from 67.1% in the previous year to 77.9%, which accounts for 14.7% of the EU’s total steel radial truck market share. The top four markets are Britain, Germany, Spain and Italy.

The report of the British Imported Tire Manufacturers Association also shows that the import market of EU passenger car/light truck tires is still low, but in the context of the improved economic situation, it is expected that its total market volume in 2014 will increase by 3%.

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