"We observe signs of declining demand and fear that the challenges linked to the rising cost of gas, the raw materials and the semi-finished products supply will maintain the industry under pressure," Fazilet Cinaralp, secretary general of ETRMA, said in a statement.
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For now, though, sales have been encouraging, ETRMA indicated.
Truck/bus replacement sales had the strongest showing in the second quarter, recording an 11 percent year-on-year increase. On the passenger/light truck side, sales inched up by 6 percent, compared to 2021, recording 56.04 million units.
Both the all-season and winter tire segments saw growth year-over-year, posting increases of 27 percent and 28 percent, respectively. Summer tires, meanwhile, saw a decrease of around 5 percent.
Scooter and motorcycle tire were flat for the three-month period from April-June, adding just about 10,000 more units during the 2022 quarter compared to last year.
The only segment to experience a decline was the agriculture tire segment, which saw sales plummet nearly 21 percent to 256,000 units during the second quarter.