_326 2023 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN 5 FINANCIAL PERFORMANCE Report of the Managers Original Equipment In Original Equipment, the global Truck tire market (excluding China) was stable overall for the year, with just a 1% gain. Truck tire markets Original Equipment (in millions of tires) 2023 2022 2023/2022 Secondhalf 2023/2022 Fourthquarter 2023/2022 Thirdquarter 2023/2022 First-half 2023/2022 Secondquarter 2023/2022 Firstquarter 2023/2022 Europe(1) 7.4 7.1 +5% 0% -4% +6% +9% +9% +10% North America(2) 6.4 6.7 -4% -8% -14% -3% -1% -9% +9% South America 1.9 2.5 -25% -27% -30% -25% -22% -26% -19% Asia (excluding China) 4.5 4.3 +3% +1% +2% -1% +6% +8% +5% Africa/India/Middle East 5.8 5.3 +11% +18% +17% +19% +5% +23% -9% TOTAL (EXCL. CHINA) 26.1 25.9 +1% -1% -4% +1% +2% +3% +2% China 20.7 16.3 +27% +37% +39% +36% +19% +41% +2% (1) Including Turkey and Eastern Europe. (2) Including Central America. Michelin estimates. In Europe (up 5%) and in North and Central America (down 4%) demand was sustained over the year, albeit on the basis of very high prior-year comparatives. This was particularly the case in North America where, despite some persistent truck maker difficulties with supply and labor shortages, demand was buoyed by truck purchases ahead of the introduction of a new greenhouse gas emissions standard on January 1, 2024. Demand in South America was down 25% at the end of December, following extensive new truck buying in 2022 ahead of the introduction of a new emissions standard on January 1, 2023. THE OE TRUCK TIRE MARKET IN EUROPE (in millions of new tires – moving 12 months) Michelin estimates. THE OE TRUCK TIRE MARKET IN NORTH AMERICA (in millions of new tires – moving 12 months) Michelin estimates. 2023 2020 2021 2022 5 6 7 8 2023 2020 2021 2022 4 5 6 7 8
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