Europe: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Europe

In 2022, the Europe truck and bus tyre market increased by 5.3% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a mild contraction. The most prominent rate of growth was recorded in 2021 when the market value increased by 7.2%. 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 Europe

In value terms, truck and bus tyre production expanded notably to $X in 2022 estimated in export price. Over the period under review, production showed a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 6.7%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports in Europe

In 2022, the amount of tyres for buses or lorries exported in Europe fell modestly to X units, reducing by -2.2% compared with 2021 figures. Overall, exports, however, saw a slight expansion. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, truck and bus tyre exports reached $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia (X units) and Germany (X units) represented the key exporters of tyres for buses or lorries in 2022, recording near 14% and 13% of total exports, respectively. Poland (X units) held the next position in the ranking, followed by the Czech Republic (X units), France (X units), Spain (X units), Romania (X units), Russia (X units), Hungary (X units) and the Netherlands (X units). All these countries together took near 53% 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, Germany ($X), Slovakia ($X) and Poland ($X) were the countries with the highest levels of exports in 2022, together accounting for 39% of total exports. Spain, the Czech Republic, France, Romania, Russia, the Netherlands and Hungary lagged somewhat behind, together accounting for a further 38%.

Romania, with a CAGR of +3.5%, saw the highest growth rate of the value of exports, among 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

In 2022, the export price in Europe amounted to $X per unit, increasing by 3% against the previous year. In general, the export price, however, continues to indicate a slight descent. The pace of growth appeared the most rapid in 2020 an increase of 8.2%. The level of export peaked 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 Spain ($X per unit), while Romania ($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 mixed trends in the export price figures.

Imports of Tyres For Buses Or Lorries

Imports in Europe

In 2022, purchases abroad of tyres for buses or lorries increased by 2.4% to X units, rising for the second year in a row after three years of decline. The total import volume increased at an average annual rate of +3.4% 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 when imports increased by 19%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, truck and bus tyre imports reached $X in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

In 2022, Germany (X units), distantly followed by France (X units), the Netherlands (X units), Italy (X units), Russia (X units), Poland (X units), the UK (X units), Belgium (X units) and Spain (X units) represented the major importers of tyres for buses or lorries, together mixing up 74% of total imports. The following importers - Sweden (X units), Romania (X units), Hungary (X units) and the Czech Republic (X units) - each resulted at an 8% share of total imports.

Imports into Germany increased at an average annual rate of +3.9% from 2012 to 2022. At the same time, Poland (+7.3%), the Netherlands (+5.4%), the Czech Republic (+5.3%), Hungary (+4.4%), Sweden (+4.3%), Belgium (+4.2%), Romania (+3.9%), Spain (+2.6%), Italy (+2.6%), the UK (+2.5%) and France (+2.3%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Europe, with a CAGR of +7.3% from 2012-2022. By contrast, Russia (-1.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland increased by +1.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported tyres for buses or lorries in Europe, comprising 18% of total imports. The second position in the ranking was held by France ($X), with a 9% share of total imports. It was followed by the Netherlands, with a 7.8% share.

In Germany, truck and bus tyre imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: France (+0.2% per year) and the Netherlands (+1.8% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, surging by 4.4% against the previous year. Overall, the import price, however, recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 an increase of 7.6%. The level of import peaked at $X per unit in 2012; however, from 2013 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 Sweden ($X per unit), while Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+0.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform