Eastern Europe: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Eastern Europe

The East European retreaded pneumatic tyre market fell to $X in 2022, dropping by -6% against the previous year. Overall, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in Eastern Europe

In value terms, retreaded pneumatic tyre production rose modestly to $X in 2022 estimated in export price. Over the period under review, production showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 18% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports in Eastern Europe

For the fourth year in a row, Eastern Europe recorded growth in shipments abroad of retreaded pneumatic tyres, which increased by 1% to X units in 2022. Total exports indicated slight growth from 2012 to 2022: its volume 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 +128.0% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 46% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, retreaded pneumatic tyre exports expanded modestly to $X in 2022. Total exports indicated modest growth 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 +94.8% against 2016 indices. The growth pace was the most rapid in 2017 when exports increased by 32% against the previous year. 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

Romania (X units) and Poland (X units) represented roughly 72% of total exports in 2022. It was distantly followed by Hungary (X units) and the Czech Republic (X units), together making up a 17% share of total exports. The following exporters - Bulgaria (X units) and Lithuania (X units) - each finished at a 5.7% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Lithuania (with a CAGR of +18.8%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for 73% of total exports. Bulgaria, the Czech Republic and Lithuania lagged somewhat behind, together comprising a further 18%.

In terms of the main exporting countries, Lithuania, with a CAGR of +19.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, surging by 3.9% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 26%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the export prices remained at a lower figure.

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 Bulgaria ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+3.7%), while the other leaders experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports in Eastern Europe

In 2022, the amount of retreaded pneumatic tyres imported in Eastern Europe expanded remarkably to X units, with an increase of 9.6% against the year before. Over the period under review, imports, however, recorded a slight curtailment. The growth pace was the most rapid in 2018 when imports increased by 12% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports totaled $X in 2022. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 17%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Poland (X units) was the largest importer of retreaded pneumatic tyres, making up 35% of total imports. Ukraine (X units) held a 17% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (16%), Romania (8%), Lithuania (7.9%) and the Czech Republic (6%). Slovakia (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ukraine (with a CAGR of +16.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Hungary ($X) and the Czech Republic ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for 66% of total imports.

In terms of the main importing countries, Hungary, with a CAGR of +16.9%, recorded the highest growth rate of 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

In 2022, the import price in Eastern Europe amounted to $X per unit, shrinking by -8.6% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The growth pace was the most rapid in 2021 when the import price increased by 16% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

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 the Czech Republic ($X per unit), while Ukraine ($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 Czech Republic (+14.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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