The Tyre Recovery Association warns that moves by India and other Asian countries to improve environmental compliance will drive market adjustment.
The TRA Warns Britain’s Vehicle Dismantlers and Retailers of Inevitable Price Increases
Moves by India’s environmental regulators to tighten up on waste recovery practices particularly concerning the processing of end-of-life tyres in unauthorised facilities are driving a significant increase in recovery costs across Europe and beyond.
Together with similar moves in some other SE Asian countries, the Tyre Recovery Association warns vehicle dismantlers and tyre retailers that disposal costs could as much as double in the coming weeks and months.
TRA Secretary-General, Peter Taylor said “The true cost of tyre recycling has long been masked by artificially low pricing for exported waste especially to India. Britain, together with the USA and some other European countries, has been affected by this trade imbalance. Still, recent action by India’s authorities, in particular, is bringing about a large reduction in this trade. As a result, tyre collection and recovery cost in the UK and beyond may be expected to rise considerably as the cost of tyre recycling reverts to economically realistic levels”.