Croatia: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Croatia

The Croatian truck and bus tyre market declined to $X in 2022, which is down by -5.5% 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). The market value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X, and then reduced in the following year.

Exports of Tyres For Buses Or Lorries

Exports from Croatia

In 2022, approx. X units of tyres for buses or lorries were exported from Croatia; jumping by 25% against 2021 figures. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 1,820% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, truck and bus tyre exports rose significantly to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 1,065%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Slovenia (X units) was the main destination for truck and bus tyre exports from Croatia, accounting for a 38% share of total exports. Moreover, truck and bus tyre exports to Slovenia exceeded the volume sent to the second major destination, the Netherlands (X units), threefold. Bosnia and Herzegovina (X units) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Slovenia amounted to +93.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+202.5% per year) and Bosnia and Herzegovina (+36.0% per year).

In value terms, Slovenia ($X), Bosnia and Herzegovina ($X) and Serbia ($X) appeared to be the largest markets for truck and bus tyre exported from Croatia worldwide, with a combined 77% share of total exports. The Netherlands, North Macedonia, Albania, Slovakia and Germany lagged somewhat behind, together accounting for a further 18%.

The Netherlands, with a CAGR of +213.9%, recorded 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 truck and bus tyre export price stood at $X per unit in 2022, falling by -12.3% against the previous year. In general, the export price saw a deep reduction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was North Macedonia ($X per unit), while the average price for exports to Slovakia ($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 North Macedonia (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Croatia

For the eighth consecutive year, Croatia recorded growth in purchases abroad of tyres for buses or lorries, which increased by 0.9% to X units in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% 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 +53.7% against 2013 indices. The growth pace was the most rapid in 2016 when imports increased by 31%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, truck and bus tyre imports totaled $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +33.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 32% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Slovenia (X units), Turkey (X units) and Slovakia (X units) were the main suppliers of truck and bus tyre imports to Croatia, together comprising 45% of total imports. Romania, the Czech Republic, Hungary, Italy, the Netherlands, China and Poland lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +41.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovenia ($X), Slovakia ($X) and Turkey ($X) appeared to be the largest truck and bus tyre suppliers to Croatia, together accounting for 46% of total imports. Italy, Hungary, the Netherlands, Romania, the Czech Republic, Poland and China lagged somewhat behind, together comprising a further 35%.

The Netherlands, with a CAGR of +50.0%, saw the highest rates of growth with regard to 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, standing approx. at the previous year. Over the period under review, the import price saw a mild descent. The growth pace was the most rapid in 2021 when the average import price increased by 31% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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