Eastern Europe: Road Wheel Market 2025

Road Wheel Market Size in Eastern Europe

In 2022, the East European road wheel market increased by 3.7% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Road Wheel Production in Eastern Europe

In value terms, road wheel production reached $X in 2022 estimated in export price. In general, production, however, recorded a mild descent. The growth pace was the most rapid in 2013 when the production volume increased by 28% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Road Wheel Exports

Exports in Eastern Europe

In 2022, the amount of road wheels exported in Eastern Europe reduced to X tons, which is down by -2.7% against the previous year's figure. The total export volume increased at an average annual rate of +2.2% 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 2017 with an increase of 17%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, road wheel exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +3.3% 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 2017 with an increase of 20% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Poland was the key exporting country with an export of about X tons, which accounted for 40% of total exports. The Czech Republic (X tons) ranks second in terms of the total exports with a 20% share, followed by Hungary (18%), Russia (7.2%) and Romania (6.1%). The following exporters - Belarus (X tons) and Lithuania (X tons) - each resulted at a 4.7% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to road wheel exports from Poland stood at +3.4%. At the same time, Hungary (+9.2%), Belarus (+7.5%), Russia (+7.1%) and Lithuania (+1.7%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +9.2% from 2012-2022. By contrast, Romania (-1.6%) and the Czech Republic (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Hungary, Poland and Russia increased by +8.9, +4.5 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest road wheel supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and the Czech Republic ($X), together accounting for 86% of total exports.

Hungary, with a CAGR of +10.1%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries 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 ton in 2022, rising by 8.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2021 an increase of 11% against the previous year. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hungary ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+2.7%), while the other leaders experienced more modest paces of growth.

Road Wheel Imports

Imports in Eastern Europe

In 2022, approx. X tons of road wheels were imported in Eastern Europe; waning by -2.8% on the previous year's figure. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 18% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, road wheel imports declined to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

Russia was the key importer of road wheels in Eastern Europe, with the volume of imports accounting for X tons, which was near 44% of total imports in 2022. The Czech Republic (X tons) took the second position in the ranking, followed by Slovakia (X tons), Poland (X tons), Romania (X tons) and Hungary (X tons). All these countries together held near 46% share of total imports. Belarus (X tons) took a little share of total imports.

Imports into Russia decreased at an average annual rate of -2.6% from 2012 to 2022. At the same time, Hungary (+8.0%), the Czech Republic (+6.4%), Romania (+2.7%), Slovakia (+2.3%) and Poland (+1.0%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +8.0% from 2012-2022. By contrast, Belarus (-1.0%) illustrated a downward trend over the same period. While the share of the Czech Republic (+6.7 p.p.), Hungary (+2.7 p.p.) and Slovakia (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-13.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest road wheel importing markets in Eastern Europe were Russia ($X), Slovakia ($X) and the Czech Republic ($X), with a combined 66% share of total imports. Poland, Hungary, Romania and Belarus lagged somewhat behind, together accounting for a further 29%.

In terms of the main importing countries, Hungary, with a CAGR of +14.3%, recorded 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

In 2022, the import price in Eastern Europe amounted to $X per ton, picking up by 2.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 12%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Hungary ($X per ton), while Belarus ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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