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 Europe

The Europe market for tyres for agriculture, forestry, construction, industry and other off the road vehicles declined modestly to $X in 2022, waning by -2% against the previous year. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then reduced slightly in the following year.

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

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles fell to $X in 2022 estimated in export price. In general, production recorded a mild decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 30%. Over the period under review, production of tyres for agriculture, forestry, construction, industry and other off road vehicles hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports in Europe

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by -5.6% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.2% against 2018 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. As a result, the exports attained the peak of X units, and then dropped in the following year.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose notably to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the largest exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Europe, with the volume of exports reaching X units, which was near 29% of total exports in 2022. It was distantly followed by Germany (X units), the Czech Republic (X units), Italy (X units), Slovakia (X units), France (X units) and Poland (X units), together achieving a 44% share of total exports. The following exporters - Russia (X units), Belgium (X units), Spain (X units), Denmark (X units) and Serbia (X units) - together made up 16% of total exports.

From 2012 to 2022, average annual rates of growth with regard to agricultural, construction and industrial machinery tyre exports from the Netherlands stood at +14.8%. At the same time, Slovakia (+18.0%), Germany (+14.1%), Serbia (+9.6%), Italy (+4.2%), Denmark (+2.1%), Poland (+1.6%), Russia (+1.5%) and the Czech Republic (+1.3%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +18.0% from 2012-2022. By contrast, Spain (-1.4%), France (-2.4%) and Belgium (-3.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands, Germany and Slovakia increased by +18, +6 and +4.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X), France ($X) and the Czech Republic ($X) were the countries with the highest levels of exports in 2022, with a combined 42% share of total exports. The Netherlands, Italy, Slovakia, Poland, Germany, Belgium, Russia, Serbia and Denmark lagged somewhat behind, together accounting for a further 42%.

Among the main exporting countries, Slovakia, with a CAGR of +27.2%, saw 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 Europe amounted to $X per unit, picking up by 12% against the previous year. Overall, the export price, however, saw a pronounced contraction. Over the period under review, the export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Spain ($X per unit), while Denmark ($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 Europe

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles imported in Europe reduced modestly to X units, with a decrease of -4% on 2021 figures. The total import volume increased at an average annual rate of +3.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, imports reached the peak of X units, and then reduced slightly in the following year.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined slightly to $X in 2022. The total import value increased at an average annual rate of +1.7% 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 imports increased by 34%. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, Germany (X units), distantly followed by the Netherlands (X units), Italy (X units), France (X units), the UK (X units), Spain (X units) and Poland (X units) were the largest importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles, together mixing up 66% of total imports. Russia (X units), Belgium (X units), Slovakia (X units), Denmark (X units), Austria (X units) and the Czech Republic (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Austria (with a CAGR of +10.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural, construction and industrial machinery tyre importing markets in Europe were Germany ($X), Russia ($X) and France ($X), with a combined 43% share of total imports. The UK, Italy, the Netherlands, Poland, Belgium, Spain, Austria, Slovakia, the Czech Republic and Denmark lagged somewhat behind, together accounting for a further 36%.

Slovakia, with a CAGR of +8.4%, saw the highest rates of growth with regard to the value of imports, among 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 Europe stood at $X per unit in 2022, rising by 2.5% against the previous year. In general, the import price, however, saw a noticeable setback. The most prominent rate of growth was recorded in 2018 when the import price increased by 12%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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