Benelux: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Benelux

In 2022, the Benelux truck and bus tyre market increased by 49% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +8.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +118.0% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Tyres For Buses Or Lorries in Benelux

In value terms, truck and bus tyre production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced slump. The pace of growth was the most pronounced in 2013 when the production volume increased by 28% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Exports of Tyres For Buses Or Lorries

Exports in Benelux

In 2022, shipments abroad of tyres for buses or lorries increased by 1.3% to X units, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 with an increase of 12%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, truck and bus tyre exports stood at $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 20%. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Netherlands (X units) and Luxembourg (X units) were the key exporters of tyres for buses or lorries in Benelux, together comprising 71% of total exports. It was distantly followed by Belgium (X units), achieving a 29% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Luxembourg (with a CAGR of +3.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Luxembourg ($X), Belgium ($X) and the Netherlands ($X) appeared to be the countries with the highest levels of exports in 2022.

The Netherlands, with a CAGR of +1.1%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in Benelux amounted to $X per unit, remaining relatively unchanged against the previous year. Overall, the export price recorded a slight downturn. The pace of growth was the most pronounced in 2018 an increase of 16%. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (-0.1%), while the other leaders experienced a decline in the export price figures.

Imports of Tyres For Buses Or Lorries

Imports in Benelux

In 2022, purchases abroad of tyres for buses or lorries increased by 9.5% to X units, rising for the second year in a row after two years of decline. Total imports indicated buoyant growth from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +35.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 24% against the previous year. The volume of import peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, truck and bus tyre imports expanded notably to $X in 2022. The total import value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

The Netherlands (X units) and Belgium (X units) dominates imports structure, together achieving 93% of total imports. It was distantly followed by Luxembourg (X units), creating a 7.4% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Luxembourg (with a CAGR of +9.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), Belgium ($X) and Luxembourg ($X) appeared to be the countries with the highest levels of imports in 2022.

In terms of the main importing countries, Luxembourg, with a CAGR of +6.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2022, waning by -4% against the previous year. Overall, the import price saw a noticeable setback. The most prominent rate of growth was recorded in 2013 an increase of 4.7%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (-2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform