Austria: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Austria

The Austrian passenger car tyre market totaled $X in 2021, picking up by 7.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, recorded a mild curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Tyre Exports

Exports from Austria

In 2021, exports of tyres for motor cars from Austria surged to X units, with an increase of 18% against the previous year. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 22% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, passenger car tyre exports soared to $X in 2021. Overall, total exports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +93.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), the Netherlands (X units) and Slovakia (X units) were the main destinations of passenger car tyre exports from Austria, with a combined 73% share of total exports. These countries were followed by Italy, Slovenia, Switzerland, France, Hungary and the Czech Republic, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for passenger car tyre exported from Austria were Germany ($X), the Netherlands ($X) and Italy ($X), with a combined 72% share of total exports. These countries were followed by Slovakia, Slovenia, Switzerland, France, Hungary and the Czech Republic, which together accounted for a further 23%.

Switzerland, with a CAGR of +28.8%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, rising by 6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 an increase of 33%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per unit), while the average price for exports to Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into Austria

Passenger car tyre imports into Austria totaled X units in 2021, picking up by 3.3% compared with the year before. Overall, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2019 with an increase of 20%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, passenger car tyre imports rose markedly to $X in 2021. Over the period under review, imports, however, showed a slight downturn. The pace of growth was the most pronounced in 2018 with an increase of 14%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of passenger car tyre to Austria, accounting for a 43% share of total imports. Moreover, passenger car tyre imports from Germany exceeded the figures recorded by the second-largest supplier, Hungary (X units), twofold. The Czech Republic (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+45.8% per year) and the Czech Republic (-1.7% per year).

In value terms, Germany ($X) constituted the largest supplier of tyres for motor cars to Austria, comprising 46% of total imports. The second position in the ranking was taken by Hungary ($X), with an 18% share of total imports. It was followed by the Czech Republic, with a 9.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+40.2% per year) and the Czech Republic (+0.7% per year).

Import Prices by Country

In 2021, the average passenger car tyre import price amounted to $X per unit, rising by 7.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2020 an increase of 42%. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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