Brazil sets new record, imports 28% more tires in 2022Mar, 13, 2023 Posted by Gabriel Malheiros
The import of tires by Brazilian companies has increased at an unprecedented rate in the last two years, reaching 28% in 2022 alone. The federal government zeroed the rate on imports of this product in early 2021, which may have contributed to increased demand and, as a result, growth in imports during the period.
According to data analysis by Vixtra, a foreign trade fintech, with the Foreign Trade Secretariat (Secex) of the Ministry of Industry, Commerce and Services (Mdic), Brazil imported over 235 thousand tonnes of tires in 2020, a decrease of 28% compared to 2019, when it imported 326 thousand tonnes. In 2021, after the rate reduction, 405 thousand t were imported, up 72%. And, in 2022, 477 thousand tonnes, an increase of 18% compared to the previous year.
In 2022 alone, 72 thousand tonnes more were imported compared to 2021, with the main exporters (in monetary terms) to Brazil being China (36%), India (11%), Vietnam (10%), and the United States (9%).
See below Brazil’s imports of tires (hs 4011-4012-4013) between Jan 2019 and Jan 2023, according to DataLiner.
Brazilian tire imports | Jan 2019 – Jan 2023 | TEUs
Furthermore, increased production costs may have contributed to the rise in tire imports. Extra-factory production costs for those who produce in Brazil rose by 28% in 2021, according to the National Association of the Tire Industry (ANIP), while import costs fell by at least 17% during the same period.
Source: Comex do Brasil
To read the original report, visit: https://www.comexdobrasil.com/importacao-de-pneus-cresce-28-e-bate-recorde-em-2022-com-reducao-de-aliquota-e-custos
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