Europe: Road Wheel Market 2025

Road Wheel Market Size in Europe

In 2022, the Europe road wheel market increased by 14% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Road Wheel Production in Europe

In value terms, road wheel production rose notably to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Road Wheel Exports

Exports in Europe

Road wheel exports fell to X tons in 2022, which is down by -5% against the year before. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 10% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, road wheel exports reduced to $X in 2022. The total export value increased at an average annual rate of +1.7% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. 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, Germany (X tons) represented the main exporter of road wheels, achieving 28% of total exports. Poland (X tons) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Italy (8.7%), the Czech Republic (6%), Hungary (5.6%), France (5.3%) and Austria (5.1%). Luxembourg (X tons), the UK (X tons), Spain (X tons), the Netherlands (X tons), Denmark (X tons) and Russia (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of road wheels. At the same time, Hungary (+9.2%), Russia (+7.1%), Luxembourg (+6.6%), Austria (+4.0%), Poland (+3.4%), the UK (+1.7%) and Denmark (+1.7%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Europe, with a CAGR of +9.2% from 2012-2022. Spain and the Netherlands experienced a relatively flat trend pattern. By contrast, Italy (-1.6%), the Czech Republic (-1.7%) and France (-4.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Hungary, Luxembourg and Austria increased by +3.5, +3.3, +1.7 and +1.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest road wheel supplier in Europe, comprising 30% of total exports. The second position in the ranking was taken by Poland ($X), with an 11% share of total exports. It was followed by Italy, with a 10% share.

In Germany, road wheel exports increased at an average annual rate of +1.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (+3.6% per year) and Italy (+1.1% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by 4.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 an increase of 9%. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Italy (+2.7%), while the other leaders experienced more modest paces of growth.

Road Wheel Imports

Imports in Europe

In 2022, supplies from abroad of road wheels increased by 0.6% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 15%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, road wheel imports expanded modestly to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X tons), distantly followed by Russia (X tons), the UK (X tons), France (X tons), Italy (X tons) and Spain (X tons) were the key importers of road wheels, together constituting 63% of total imports. The following importers - the Czech Republic (X tons), Belgium (X tons), Slovakia (X tons), Sweden (X tons), Poland (X tons), the Netherlands (X tons) and Austria (X tons) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +6.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported road wheels in Europe, comprising 26% of total imports. The second position in the ranking was held by Russia ($X), with an 8.1% share of total imports. It was followed by the UK, with a 6.9% share.

In Germany, road wheel imports expanded at an average annual rate of +1.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-4.9% per year) and the UK (-0.9% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, increasing by 3.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2018 when the import price increased by 11%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 Belgium ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform