Czech Republic: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in the Czech Republic

The Czech market for tyres for agriculture, forestry, construction, industry and other off the road vehicles soared to $X in 2022, growing by 38% against the previous year. In general, the total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +110.0% against 2019 indices. Consumption of peaked in 2022 and is likely to see gradual growth in years to come.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in the Czech Republic

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 22% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production of growth remained at a lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports from the Czech Republic

In 2022, approx. X units of tyres for agriculture, forestry, construction, industry and other off the road vehicles were exported from the Czech Republic; which is down by -10.4% against the previous year. The total export volume increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 when exports increased by 28% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached $X in 2022. In general, total exports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +20.0% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 26% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units), the United States (X units) and Italy (X units) were the main destinations of exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles from the Czech Republic, together comprising 44% of total exports. France, Slovakia, the UK, Poland, Turkey, Belgium, Austria, Spain, Romania and Hungary lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belgium (with a CAGR of +20.1%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for tyres for agriculture, forestry, construction, industry and other off the road vehicles exports from the Czech Republic, comprising 25% of total exports. The second position in the ranking was taken by the United States ($X), with a 12% share of total exports. It was followed by Italy, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+6.7% per year) and Italy (-5.2% per year).

Export Prices by Country

The average export price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, increasing by 15% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The export price peaked 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 France ($X per unit), while the average price for exports to Slovakia ($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 Poland (+5.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports into the Czech Republic

In 2022, supplies from abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 29% to X units, rising for the second year in a row after two years of decline. In general, total imports indicated a pronounced increase from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +50.7% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by 39%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached $X in 2022. Over the period under review, total imports indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% 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 +40.7% against 2018 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

China (X units), Sri Lanka (X units) and Slovakia (X units) were the main suppliers of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles to the Czech Republic, with a combined 57% share of total imports. India, Serbia, Germany, Turkey, Vietnam, Poland, Spain, Russia and Slovenia lagged somewhat behind, together comprising a further 35%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +160.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural, construction and industrial machinery tyre suppliers to the Czech Republic were Slovakia ($X), Spain ($X) and India ($X), with a combined 40% share of total imports. Serbia, Sri Lanka, China, Turkey, Germany, Poland, Vietnam, Russia and Slovenia lagged somewhat behind, together accounting for a further 37%.

Among the main suppliers, Vietnam, with a CAGR of +197.5%, saw 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 average import price for tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X per unit in 2022, shrinking by -15.1% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2020 an increase of 24% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then reduced notably 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 Spain ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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