Eastern Europe: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Eastern Europe

The East European truck and bus tyre market fell dramatically to $X in 2022, reducing by -17.5% against the previous year. Over the period under review, consumption saw a perceptible contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Tyres For Buses Or Lorries in Eastern Europe

In value terms, truck and bus tyre production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decrease. The pace of growth was the most pronounced in 2019 with an increase of 8.9%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Tyres For Buses Or Lorries

Exports in Eastern Europe

In 2022, approx. X units of tyres for buses or lorries were exported in Eastern Europe; reducing by -3.9% compared with the year before. The total export volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, truck and bus tyre exports stood at $X in 2022. Overall, exports, however, continue to indicate a modest expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, Slovakia (X units), distantly followed by Poland (X units), the Czech Republic (X units), Romania (X units), Russia (X units) and Hungary (X units) were the main exporters of tyres for buses or lorries, together committing 96% of total exports. Belarus (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Poland ($X) and the Czech Republic ($X) constituted the countries with the highest levels of exports in 2022, together accounting for 66% of total exports. Romania, Russia, Hungary and Belarus lagged somewhat behind, together comprising a further 31%.

In terms of the main exporting countries, Romania, with a CAGR of +3.5%, 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 5.9% against the previous year. Overall, the export price, however, showed a slight decrease. The pace of growth was the most pronounced in 2020 when the export price increased by 13%. Over the period under review, the export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+1.9%), while the other leaders experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports in Eastern Europe

In 2022, approx. X units of tyres for buses or lorries were imported in Eastern Europe; reducing by -2.5% against the previous year. The total import volume increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 when imports increased by 42% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, truck and bus tyre imports stood at $X in 2022. The total import value increased at an average annual rate of +1.6% 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 2016 with an increase of 32% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Russia (X units) and Poland (X units) represented roughly 50% of total imports in 2022. It was distantly followed by Romania (X units), Hungary (X units), the Czech Republic (X units), Ukraine (X units) and Slovakia (X units), together committing a 36% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +7.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest truck and bus tyre importing markets in Eastern Europe were Poland ($X), Russia ($X) and Romania ($X), with a combined 56% share of total imports.

Poland, with a CAGR of +6.6%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2022, increasing by 6.8% against the previous year. In general, the import price, however, continues to indicate a slight contraction. The pace of growth was the most pronounced in 2017 an increase of 8.2%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per unit) and Ukraine ($X per unit), while Slovakia ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+0.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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