Germany: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Germany

In 2022, the German truck and bus tyre market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Tyres For Buses Or Lorries in Germany

In value terms, truck and bus tyre production rose to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 40%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Germany

In 2022, overseas shipments of tyres for buses or lorries increased by less than 0.1% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 15%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, truck and bus tyre exports rose modestly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 19%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for truck and bus tyre exports from Germany, with a 25% share of total exports. Moreover, truck and bus tyre exports to France exceeded the volume sent to the second major destination, Poland (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 6.3% share.

From 2012 to 2022, the average annual growth rate of volume to France stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+5.7% per year) and the UK (-2.8% per year).

In value terms, France ($X) remains the key foreign market for tyres for buses or lorries exports from Germany, comprising 21% of total exports. The second position in the ranking was held by Poland ($X), with an 8.3% share of total exports. It was followed by the Netherlands, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+8.4% per year) and the Netherlands (-3.2% per year).

Export Prices by Country

In 2022, the average truck and bus tyre export price amounted to $X per unit, increasing by 3.3% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 5.9% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Switzerland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Germany

In 2022, purchases abroad of tyres for buses or lorries increased by 7.9% to X units, rising for the second consecutive year after three years of decline. The total import volume increased at an average annual rate of +3.9% 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 2021 when imports increased by 22%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, truck and bus tyre imports rose markedly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 25%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Slovakia (X units), China (X units) and Turkey (X units) were the main suppliers of truck and bus tyre imports to Germany, together comprising 31% of total imports. The Czech Republic, Thailand, the United States, Romania, Poland, Luxembourg, Spain, France, Hungary and Belgium lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +38.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest truck and bus tyre suppliers to Germany were Slovakia ($X), Turkey ($X) and Luxembourg ($X), together accounting for 30% of total imports. Poland, Spain, the Czech Republic, China, the United States, Thailand, Romania, France, Hungary and Belgium lagged somewhat behind, together accounting for a further 48%.

The United States, with a CAGR of +29.6%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average truck and bus tyre import price stood at $X per unit in 2022, rising by 3.4% against the previous year. Overall, the import price, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 8.1% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :