Austria: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Austria

In 2022, the Austrian truck and bus tyre market increased by 2% to $X, rising for the second consecutive year after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Truck and bus tyre consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Austria

In 2022, shipments abroad of tyres for buses or lorries increased by 7.8% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 when exports increased by 30% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, truck and bus tyre exports expanded significantly to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), Slovakia (X units) and Poland (X units) were the main destinations of truck and bus tyre exports from Austria, with a combined 57% share of total exports. Italy, the Netherlands, Hungary, Spain, Slovenia, Romania and the Czech Republic lagged somewhat behind, together accounting for a further 40%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +36.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for truck and bus tyre exported from Austria were Germany ($X), Poland ($X) and Slovakia ($X), with a combined 64% share of total exports. The Netherlands, Hungary, Spain, Romania, Italy, Slovenia and the Czech Republic lagged somewhat behind, together accounting for a further 33%.

Among the main countries of destination, Spain, with a CAGR of +42.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average truck and bus tyre export price stood at $X per unit in 2022, flattening at the previous year. Overall, the export price, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 72% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Austria

In 2022, overseas purchases of tyres for buses or lorries increased by 0.4% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 24%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, truck and bus tyre imports rose modestly to $X in 2022. In general, imports, however, continue to indicate a mild curtailment. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Germany (X units), Slovakia (X units) and Turkey (X units) were the main suppliers of truck and bus tyre imports to Austria, together accounting for 58% of total imports. The Czech Republic, Hungary, the Netherlands, China, Romania, Luxembourg, South Korea, Vietnam and France lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +238.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest truck and bus tyre suppliers to Austria were Germany ($X), Slovakia ($X) and the Czech Republic ($X), with a combined 58% share of total imports. Hungary, the Netherlands, Luxembourg, Turkey, China, South Korea, Vietnam, Romania and France lagged somewhat behind, together comprising a further 35%.

Vietnam, with a CAGR of +287.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average truck and bus tyre import price amounted to $X per unit, rising by 3.3% against the previous year. In general, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2018 when the average import price increased by 20%. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the price for Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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