European Tire Data Shows Fledgling Recovery

The European Tyre & Rubber Manufacturers’ Association (ETRMA) has released new data covering 2009, and the results show sharp declines over the first eight months of the year followed by steady but relatively mild recovery over the last four months.

ETRMA said European OEM passenger tire sales recorded an 18% decline in 2009 to 65 million, while replacement passenger tire shipments fell by 5 million units to 190 million. Germany, Italy Austria and Poland increased their tire sales in 2009, while France, the United Kingdom and maintained their sales levels from the year earlier or posted small decreases.

In truck tires, ETRMA said replacement shipments fell 16 percent compared to 2008, while OE demand slumped 62 percent. Ag tire shipments declined 16 percent.

Here is the press release.

[Source: Rubber News]