Eastern Europe: 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 Eastern Europe

After three years of growth, the East European market for tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -1.8% to $X in 2022. Over the period under review, consumption saw a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Eastern Europe

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached $X in 2022 estimated in export price. Overall, production showed a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 20% against the previous year. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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

Exports in Eastern Europe

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -24.4% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 with an increase of 23% against the previous year. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the peak figure at X units in 2021, and then declined significantly in the following year.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reached $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 21%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Czech Republic (X units), Slovakia (X units), Poland (X units) and Russia (X units) represented the largest exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Eastern Europe, comprising 84% of total export. Hungary (X units), Latvia (X units) and Romania (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Slovakia (with a CAGR of +18.0%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Poland ($X) were the countries with the highest levels of exports in 2022, with a combined 77% share of total exports.

Among the main exporting countries, Slovakia, with a CAGR of +27.2%, 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

In 2022, the export price in Eastern Europe amounted to $X per unit, growing by 33% against the previous year. Overall, the export price, however, recorded a pronounced decline. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat 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 Romania ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+7.9%), while the other leaders experienced more modest paces of growth.

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

Imports in Eastern Europe

In 2022, purchases abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 0.4% to X units, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 19%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles contracted to $X in 2022. Total imports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% 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 +17.2% against 2018 indices. The pace of growth was the most pronounced in 2021 with an increase of 33%. As a result, imports reached the peak of $X, and then reduced in the following year.

Imports by Country

In 2022, Poland (X units) and Russia (X units) were the largest importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Eastern Europe, together comprising 42% of total imports. Slovakia (X units) ranks next in terms of the total imports with a 12% share, followed by the Czech Republic (8.9%), Latvia (8.4%), Romania (8.3%), Ukraine (6.4%) and Hungary (5.7%). Lithuania (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in Eastern Europe, comprising 47% of total imports. The second position in the ranking was taken by Poland ($X), with a 15% share of total imports. It was followed by Slovakia, with a 6.5% share.

In Russia, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Poland (+4.1% per year) and Slovakia (+8.4% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, shrinking by -7.7% against the previous year. Overall, the import price saw a mild slump. The growth pace was the most rapid in 2018 when the import price increased by 26% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+4.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :