Croatia: Tyre Market 2024

Tyre Market Size in Croatia

The Croatian tyre market fell modestly to $X in 2022, approximately reflecting the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X, leveling off in the following year.

Tyre Production in Croatia

In value terms, tyre production contracted modestly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Tyre Exports

Exports from Croatia

In 2022, shipments abroad of tyres increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, tyre exports totaled $X in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Slovenia (X units) was the main destination for tyre exports from Croatia, accounting for a X% share of total exports. Moreover, tyre exports to Slovenia exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X units), threefold. The third position in this ranking was held by Serbia (X units), with a X% share.

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

In value terms, Slovenia ($X) remains the key foreign market for tyres exports from Croatia, comprising X% of total exports. The second position in the ranking was taken by Serbia ($X), with a X% share of total exports. It was followed by Bosnia and Herzegovina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Slovenia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (X% per year) and Bosnia and Herzegovina (X% per year).

Export Prices by Country

In 2022, the average tyre export price amounted to $X per unit, remaining stable against the previous year. In general, the export price, however, posted a strong expansion. The growth pace was the most rapid in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then shrank modestly in the following year.

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

Tyre Imports

Imports into Croatia

In 2022, the amount of tyres imported into Croatia totaled X units, with an increase of X% on the previous year's figure. Overall, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2014 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, tyre imports amounted to $X in 2022. Over the period under review, total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Slovenia (X units) constituted the largest tyre supplier to Croatia, with a X% share of total imports. Moreover, tyre imports from Slovenia exceeded the figures recorded by the second-largest supplier, Hungary (X units), twofold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Slovenia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Germany (X% per year).

In value terms, Slovenia ($X) constituted the largest supplier of tyres to Croatia, comprising X% of total imports. The second position in the ranking was held by Hungary ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Slovenia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (X% per year) and Slovakia (X% per year).

Import Prices by Country

The average tyre import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tyre import price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then fell slightly in the following year.

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 Slovakia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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