Eastern Europe: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in Eastern Europe

The East European passenger car tyre market soared to $X in 2021, jumping by 29% against the previous year. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Passenger Car Tyre Production in Eastern Europe

In value terms, passenger car tyre production soared to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Passenger Car Tyre Exports

Exports in Eastern Europe

After two years of decline, shipments abroad of tyres for motor cars increased by 14% to X units in 2021. The total export volume increased at an average annual rate of +1.1% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 19% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Poland (X units), Romania (X units), Hungary (X units), the Czech Republic (X units) and Russia (X units) represented roughly 88% of total exports in 2021. It was distantly followed by Slovakia (X units), achieving a 7.1% share of total exports. Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +9.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre supplying countries in Eastern Europe were Poland ($X), Hungary ($X) and Romania ($X), together accounting for 61% of total exports.

Hungary, with a CAGR of +4.3%, recorded the highest growth rate of the value of exports, in terms of 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 unit in 2021, picking up by 4.9% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 12%. Over the period under review, the export prices reached the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+3.6%), while the other leaders experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports in Eastern Europe

In 2021, supplies from abroad of tyres for motor cars was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, passenger car tyre imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of passenger car tyre imports in 2021 were Russia (X units), Poland (X units), the Czech Republic (X units), Slovakia (X units), Hungary (X units), Romania (X units) and Ukraine (X units), together accounting for 89% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Romania (with a CAGR of +8.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and the Czech Republic ($X) were the countries with the highest levels of imports in 2021, together comprising 50% of total imports. Slovakia, Hungary, Romania and Ukraine lagged somewhat behind, together comprising a further 39%.

Among the main importing countries, Romania, with a CAGR of +9.3%, 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 2021, the import price in Eastern Europe amounted to $X per unit, surging by 9.1% against the previous year. Over the period under review, the import price, however, saw a mild curtailment. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hungary ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+3.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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