Croatia: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Croatia

The Croatian retreaded pneumatic tyre market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption recorded a abrupt decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Retreaded Pneumatic Tyre Production in Croatia

In value terms, retreaded pneumatic tyre production rose modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 when the production volume increased by 11%. Retreaded pneumatic tyre production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Croatia

After five years of growth, shipments abroad of retreaded pneumatic tyres decreased by -38.1% to X units in 2022. In general, exports, however, showed moderate growth. The pace of growth appeared the most rapid in 2021 with an increase of 199%. As a result, the exports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, retreaded pneumatic tyre exports contracted dramatically to $X in 2022. Overall, exports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2021 when exports increased by 365%. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

Serbia (X units) was the main destination for retreaded pneumatic tyre exports from Croatia, accounting for a 61% share of total exports. Moreover, retreaded pneumatic tyre exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X units), fourfold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume to Serbia stood at +33.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+2.2% per year) and Bosnia and Herzegovina (+0.1% per year).

In value terms, Serbia ($X), Slovenia ($X) and the UK ($X) were the largest markets for retreaded pneumatic tyre exported from Croatia worldwide, together comprising 91% of total exports.

Among the main countries of destination, Serbia, with a CAGR of +19.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, shrinking by -13.8% against the previous year. In general, the export price continues to indicate a mild setback. The pace of growth appeared the most rapid in 2014 an increase of 193% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per unit), while the average price for exports to Senegal ($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 Montenegro (+25.2%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Croatia

In 2022, overseas purchases of retreaded pneumatic tyres decreased by -28.4% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports faced a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 55% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports reduced markedly to $X in 2022. In general, imports recorded a slight decrease. The growth pace was the most rapid in 2020 with an increase of 63%. Imports peaked at $X in 2021, and then declined dramatically in the following year.

Imports by Country

Slovenia (X units), Italy (X units) and Hungary (X units) were the main suppliers of retreaded pneumatic tyre imports to Croatia, together accounting for 69% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (with a CAGR of +60.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Hungary ($X) and Bosnia and Herzegovina ($X) were the largest retreaded pneumatic tyre suppliers to Croatia, together accounting for 73% of total imports.

Slovenia, with a CAGR of +66.6%, saw 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

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, rising by 1.5% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +12.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, retreaded pneumatic tyre import price increased by +7.8% against 2015 indices. The pace of growth was the most pronounced in 2013 an increase of 100%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+8.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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