南美轮胎市场:依轮胎、依车辆类型、依轮胎类型、依轮圈尺寸、依需求类型、依分销管道、依地区、机会、预测,2016-2030年
市场调查报告书
商品编码
1417606

南美轮胎市场:依轮胎、依车辆类型、依轮胎类型、依轮圈尺寸、依需求类型、依分销管道、依地区、机会、预测,2016-2030年

South America Tyre Market Assessment, By Tyre, By Vehicle Type, By Tyre Type, By Rim Size, By Demand Type, By Distribution Channel, By Region, Opportunities and Forecast, 2016-2030F

出版日期: | 出版商: Market Xcel - Markets and Data | 英文 200 Pages | 商品交期: 3-5个工作天内

价格

预计 2023 年至 2030 年,南美轮胎市场规模将以 4.97% 的复合年增长率扩大。 2022年市场规模为176.4亿美元,预计2030年将达266.5亿美元。 在强大的市场驱动力、创新的轮胎技术和汽车保有量稳定成长的共同推动下,南美轮胎市场充满活力。 该地区的经济成长和城市化对轮胎需求做出了重大贡献,中产阶级不断壮大,购买力不断增强。 南美洲在全球汽车产业中占有重要地位,汽车产销量不断成长,市场活力不断增强。

非洲大陆多样化的气候条件需要多种轮胎类型,从全天候轮胎到专门设计的轮胎,有助于市场成长。 主要驱动因素包括经济发展、政府关注道路安全和环境永续性的措施以及该地区在汽车供应链中的战略重要性。 用于即时监控的智慧感测器和环保材料等创新轮胎技术备受关注,体现了我们对安全、效率和永续发展的承诺。

南美轮胎市场的轻型商用车 (LCV) 正在显着增长,从而推动了对特种轮胎的需求。 电子商务、城市物流和小型企业的扩张正在增加轻型商用车的采用,以实现高效的物资运输。 这些车辆(包括货车和轻型卡车)需要设计能够处理各种负载、耐用并确保最佳燃油效率的轮胎。 轻型商用车使用量的快速成长与经济发展和消费者行为的变化一致,凸显了对满足轻型商用车独特要求的可靠、高性能轮胎的需求。 这一成长部分显示南美轮胎市场正在适应运输和物流不断发展的趋势。

本报告调查了南美轮胎市场,并依轮胎、车辆类型、轮胎类型、轮圈尺寸、需求类型、分销管道、地区和市场进入情况提供了市场概况 我们提供公司简介等。

目录

第一章研究方法

第 2 章专案范围与定义

第三章 COVID-19 对南美洲轮胎市场的影响

第 4 章执行摘要

第五章客户回馈

第 6 章 2016-2030 年南美洲轮胎市场展望

  • 市场规模与预测
  • 依轮胎
  • 依车辆类型
  • 依轮胎类型
  • 依轮圈尺寸
  • 依需求类型
  • 依分销管道
  • 依国家/地区
  • 各公司的市占率 (%),2022 年

第 7 章市场地图,2022 年

第八章宏观环境与产业结构

  • 供应需求分析
  • 汇入/汇出分析
  • 价值链分析
  • PESTEL 分析
  • 波特五力分析

第 9 章市场动态

第十章主要参会企业状况

第11章价格分析

第 12 章案例研究

第 13 章主要进入者展望

  • Michelin Group
  • Yokohama Rubber Co., Ltd.
  • Sumitomo Corporation.
  • Pirelli C. S.p.A.
  • Hankook Tire & Technology Co., Ltd
  • Toyo Tire Corporation
  • Goodyear Tire & Rubber Company
  • Bridgestone Americas, Inc.
  • Continental AG
  • Triangle Tyre Co., Ltd

第 14 章策略建议

第十五章查询及免责声明

Product Code: MX10900

South America tyre market is anticipated to grow at a CAGR of 4.97% between 2023 and 2030. The market was estimated to be worth USD 17.64 billion in 2022, which is expected to reach USD 26.65 billion by 2030. South America tyre market presents a dynamic landscape influenced by a combination of robust market drivers, innovative tyre technologies, and a steady rise in vehicle ownership. The region's economic growth and urbanization contribute significantly to the demand for tyres, driven by an expanding middle class with increasing purchasing power. With South America being a key player in the global automotive industry, the market is bolstered by rising vehicle production and sales.

Diverse climatic conditions across the continent necessitate a wide variety of tyre types, from all-season to specialized designs, contributing to market growth. Key drivers include economic development, government initiatives focusing on road safety and environmental sustainability, and the region's strategic importance in the automotive supply chain. Innovative tyre technologies, such as intelligent sensors for real-time monitoring and eco-friendly materials, are gaining prominence, reflecting a commitment to safety, efficiency, and sustainability. For example, The V-Steel L-Traction (VLT) is an off-the-road (OTR) radial tyre manufactured by Bridgestone, designed for use in mining and quarry applications. The tyre suits scrapers, articulated dump trucks, and wheel loaders. The VLT features a radial traction pattern that provides increased productivity and longer life, a self-cleaning, non-directional tread pattern that provides even wear, and a large contact footprint that provides excellent traction and flotation, as well as improved rider comfort.

Growth of Light Commercial Vehicles

South America tyre market is experiencing a notable growth in light commercial vehicles (LCVs), contributing to the demand for specialized tyres. The expansion of e-commerce, urban logistics, and small-scale businesses has fueled an increased adoption of LCVs for efficient goods transportation. These vehicles, including vans and small trucks, require tyres designed to handle varying loads, provide durability, and ensure optimal fuel efficiency. The surge in LCV usage aligns with economic development and changing consumer behavior, emphasizing the need for reliable and high-performance tyres tailored to the specific requirements of light commercial applications. The growth segment underscores the adaptability of South America tyre market to evolving trends in transportation and logistics.

For example, the Dynapro AT2 Xtreme is an all-season light truck tyre by Hankook, designed for use on pickup trucks, Jeeps, crossovers, and full-size SUVs. The tyre is known for its on-road and off-road performance, offering excellent traction on various terrains.

Tourism and Recreational Vehicles

South America tyre market is influenced by the thriving tourism and recreational vehicle sector, contributing to a demand for specialized tyres. The region's diverse landscapes and attractions drive the popularity of tourism, prompting an increased use of recreational vehicles (RVs) such as motorhomes and trailers. These vehicles require tyres that cater to long-distance travel, varying terrains, and provide enhanced stability and safety. The tyre market responds with innovations to meet the unique demands of RV enthusiasts, offering robust and durable options. The intersection of tourism and recreational vehicles presents an evolving segment within the South America tyre market, reflecting both the region's natural beauty and the growing interest in leisure travel.

For example, The UMS D/L-3A (L-3) tyre by Goodyear is an ultra-resistant tyre designed for hard surfaces, featuring an aggressive and durable lug design, a non-directional tread design, a specially formulated compound, and a tough, durable casing. This tyre is suitable for use on loaders in moderately severe service and is built to provide premium performance in harsh underfoot conditions.

Shift Towards Fuel-Efficient and Eco-Friendly Tyres

South America tyre market is witnessing a notable shift towards fuel-efficient and eco-friendly tyre solutions, reflecting a growing emphasis on sustainability. With an increased awareness of environmental impact, consumers are seeking tyres designed to optimize fuel efficiency, thereby reducing carbon emissions. Manufacturers are responding by incorporating advanced technologies, including low rolling resistance designs and eco-friendly materials, into their tyre offerings. The shift aligns with global trends towards greener mobility solutions and resonates with environmentally conscious consumers. The South America tyre market's adaptation to this shift underscores its responsiveness to evolving consumer preferences and the broader commitment to addressing environmental concerns within the automotive industry.

Surge in Diverse Climatic Conditions Tyres

The South America tyre market is experiencing a surge in demand for tyres designed to tackle diverse climatic conditions across the continent. With regions ranging from tropical climates to mountainous terrains, consumers seek versatile tyre solutions capable of handling a variety of weather patterns. All-season tyres, winter tyres, and those optimized for wet conditions, increasingly sought after to ensure optimal performance and safety. The trend is particularly relevant in a continent with varying landscapes and weather extremes.

Tyre manufacturers are responding by offering a broad spectrum of products that cater to the unique climatic challenges present in different parts of South America, emphasizing the adaptability of the tyre market to the continent's diverse environmental conditions. For example, the VentusS1 Evo 3 SUV by Hankook is a premium summer tyre designed to deliver exceptionally dry and wet traction for SUVs.

Impact of COVID-19

The South America tyre market faced significant disruptions after the COVID-19 pandemic. With lockdowns, supply chain challenges, and economic uncertainties, there was a notable contraction in demand for tyres as consumers prioritized essential spending. The automotive sector, a key driver of the tyre market, experienced production slowdowns, and reduced vehicle sales. However, post-COVID-19, the market is gradually recovering with the resumption of economic activities. The pent-up demand for replacement tyres, coupled with government stimuli and a resilient automotive industry, positions the South America tyre market for gradual growth. The industry's adaptation to new market dynamics reflects its resilience and responsiveness in navigating the challenges posed by the global health crisis.

Key Players Landscape and Outlook

South America tyre market features a competitive landscape with key players shaping its outlook. Major global tyre manufacturers like Bridgestone, Michelin, and Goodyear have a substantial presence, offering a diverse range of products tailored to the region's diverse driving conditions. Additionally, local players such as Pirelli and Continental contribute significantly to the market, showcasing a blend of international expertise and regional understanding. The outlook is marked by a continual focus on technological innovation, addressing consumer demands for safety, durability, and sustainability. With South America being a key market in the global automotive industry, the tyre market is poised for continued growth, driven by economic factors, increasing vehicle ownership, and advancements in tyre technologies that align with international standards. For instance, CEAT Specialty, a division of CEAT Tyres, signed an agreement with CNH Industrial in March 2023 to supply agricultural radial tyres for their machines being produced in Brazil and Argentina.

For instance, in 2023, Sumitomo Rubber Industries (SRI) announced a USD 213 million investment in its tyre factory in Fazenda Rio Grande, Brazil, in response to the continued growth of the tyre market and to strengthen its tyre sales business in the Brazilian market. This substantial investment underscores the company's commitment to expanding its production capacity and meeting the increasing demand for tyres, particularly for passenger cars and light trucks.

For instance, in 2022, Bridgestone Brazil announced an additional investment of USD 54 million in its tyre production plant in Camacari, Bahia, to meet growing market demand for high-performance tyres.

Table of Contents

1. Research Methodology

2. Project Scope & Definitions

3. Impact of COVID-19 on South America Tyre Market

4. Executive Summary

5. Voice of Customer

  • 5.1. Consumers Respondent's Demographics
  • 5.2. Tyre Type
  • 5.3. Preferred Tyre Brand
  • 5.4. Tyre Replacement
  • 5.5. Purchase Decision Factors
  • 5.6. Medium of Purchase
  • 5.7. Performance Attributes
  • 5.8. Tyre Lifespan
  • 5.9. Sustainability and Eco-friendly Tyres
  • 5.10. Technical Advancements in the Near Future

6. South America Tyre Market Outlook, 2016-2030F

  • 6.1. Market Size & Forecast
    • 6.1.1. By Value
    • 6.1.2. By Volume
  • 6.2. By Tyre
    • 6.2.1. Winter Tyre
    • 6.2.2. Summer Tyre
    • 6.2.3. All Season Tyre
  • 6.3. By Vehicle Type
    • 6.3.1. Passenger Vehicles
      • 6.3.1.1. Two-wheeler
      • 6.3.1.2. Three-Wheeler
      • 6.3.1.3. Four-Wheeler
    • 6.3.2. Commercial Vehicle
      • 6.3.2.1. LCV
      • 6.3.2.2. Medium & Heavy CV
    • 6.3.3. Off the Road
      • 6.3.3.1. Agriculture
      • 6.3.3.2. Mining & Construction
      • 6.3.3.3. Others
  • 6.4. By Tyre Type
    • 6.4.1. Radial
    • 6.4.2. Bias
  • 6.5. By Rim Size
    • 6.5.1. Upto 20 inches
    • 6.5.2. Above 20 inches
  • 6.6. By Demand Type
    • 6.6.1. New Product (OEMs)
    • 6.6.2. Replacements
  • 6.7. By Distribution Channel
    • 6.7.1. Original Equipment Manufacturers (OEMs)
    • 6.7.2. Multi Brand Distributor
    • 6.7.3. Single Brand Distributor
    • 6.7.4. Online
  • 6.8. By Country
    • 6.8.1. Brazil
    • 6.8.2. Argentina
    • 6.8.3. Peru
    • 6.8.4. Chile
    • 6.8.5. Colombia
    • 6.8.6. Paraguay
    • 6.8.7. Ecuador
    • 6.8.8. Bolivia
    • 6.8.9. Rest of South America
  • 6.9. By Company Market Share (%), 2022

7. Market Mapping, 2022

  • 7.1. By Tyre
  • 7.2. By Vehicle Type
  • 7.3. By Tyre Type
  • 7.4. By Rim Size
  • 7.5. By Demand Type
  • 7.6. By Distribution Channel
  • 7.7. By Country

8. Macro Environment and Industry Structure

  • 8.1. Supply Demand Analysis
  • 8.2. Import Export Analysis
  • 8.3. Value Chain Analysis
  • 8.4. PESTEL Analysis
    • 8.4.1. Political Factors
    • 8.4.2. Economic System
    • 8.4.3. Social Implications
    • 8.4.4. Technological Advancements
    • 8.4.5. Environmental Impacts
    • 8.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
  • 8.5. Porter's Five Forces Analysis
    • 8.5.1. Supplier Power
    • 8.5.2. Buyer Power
    • 8.5.3. Substitution Threat
    • 8.5.4. Threat from New Entrant
    • 8.5.5. Competitive Rivalry

9. Market Dynamics

  • 9.1. Growth Drivers
  • 9.2. Growth Inhibitors (Challenges and Restraints)

10. Key Players Landscape

  • 10.1. Competition Matrix of Top Five Market Leaders
  • 10.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2022)
  • 10.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
  • 10.4. SWOT Analysis (For Five Market Players)
  • 10.5. Patent Analysis (If Applicable)

11. Pricing Analysis

12. Case Studies

13. Key Players Outlook

  • 13.1. Michelin Group
    • 13.1.1. Key Management Personnel
    • 13.1.2. Products & Services
    • 13.1.3. Financials (As reported)
    • 13.1.4. Key Market Focus & Geographical Presence
    • 13.1.5. Recent Developments
  • 13.2. Yokohama Rubber Co., Ltd.
  • 13.3. Sumitomo Corporation.
  • 13.4. Pirelli C. S.p.A.
  • 13.5. Hankook Tire & Technology Co., Ltd
  • 13.6. Toyo Tire Corporation
  • 13.7. Goodyear Tire & Rubber Company
  • 13.8. Bridgestone Americas, Inc.
  • 13.9. Continental AG
  • 13.10. Triangle Tyre Co., Ltd

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

14. Strategic Recommendations

15. About Us & Disclaimer

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. South America Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 2. South America Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 3. South America Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 4. South America Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 5. South America Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 6. South America Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 7. South America Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 8. South America Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 9. South America Tyre Market Share, By Region, In USD Billion, 2016 - 2030F
  • Figure 10. Brazil Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 11. Brazil Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 12. Brazil Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 13. Brazil Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 14. Brazil Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 15. Brazil Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 16. Brazil Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 17. Brazil Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 18. Argentina Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 19. Argentina Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 20. Argentina Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 21. Argentina Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 22. Argentina Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 23. Argentina Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 24. Argentina Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 25. Argentina Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 26. Peru Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 27. Peru Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 28. Peru Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 29. Peru Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 30. Peru Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 31. Peru Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 32. Peru Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 33. Peru Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 34. Chile Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 35. Chile Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 36. Chile Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 37. Chile Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 38. Chile Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 39. Chile Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 40. Chile Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 41. Chile Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 42. Colombia Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 43. Colombia Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 44. Colombia Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 45. Colombia Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 46. Colombia Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 47. Colombia Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 48. Colombia Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 49. Colombia Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 50. Paraguay Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 51. Paraguay Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 52. Paraguay Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 53. Paraguay Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 54. Paraguay Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 55. Paraguay Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 56. Paraguay Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 57. Paraguay Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 58. Ecuador Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 59. Ecuador Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 60. Ecuador Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 61. Ecuador Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 62. Ecuador Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 63. Ecuador Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 64. Ecuador Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 65. Ecuador Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 66. Bolivia Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 67. Bolivia Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 68. Bolivia Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 69. Bolivia Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 70. Bolivia Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 71. Bolivia Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 72. Bolivia Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 73. Bolivia Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 74. Rest of South America Tyre Market, By Value, In USD Billion, 2016 - 2030F
  • Figure 75. Rest of South America Tyre Market, By Volume, In Million Units, 2016 - 2030F
  • Figure 76. Rest of South America Tyre Market Share, By Tyre, In USD Billion, 2016 - 2030F
  • Figure 77. Rest of South America Tyre Market Share, By Vehicle Type, In USD Billion, 2016 - 2030F
  • Figure 78. Rest of South America Tyre Market Share, By Tyre Type, In USD Billion, 2016 - 2030F
  • Figure 79. Rest of South America Tyre Market Share, By Rim Size, In USD Billion, 2016 - 2030F
  • Figure 80. Rest of South America Tyre Market Share, By Demand Type, In USD Billion, 2016 - 2030F
  • Figure 81. Rest of South America Tyre Market Share, By Distribution Channel, In USD Billion, 2016 - 2030F
  • Figure 82. Tyre Map-Market Size (USD Billion) & Growth Rate (%), 2022
  • Figure 83. Vehicle Type Map-Market Size (USD Billion) & Growth Rate (%), 2022
  • Figure 84. Tyre Type Map-Market Size (USD Billion) & Growth Rate (%), 2022
  • Figure 85. Rim Size Map-Market Size (USD Billion) & Growth Rate (%), 2022
  • Figure 86. Demand Type Map-Market Size (USD Billion) & Growth Rate (%), 2022
  • Figure 87. Distribution Channel Map-Market Size (USD Billion) & Growth Rate (%), 2022
  • Figure 88. Region Map-Market Size (USD Billion) & Growth Rate (%), 2022