Hungary: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Hungary

The Hungarian motorcycle or bicycle tyre market skyrocketed to $X in 2022, with an increase of X% against the previous year. In general, consumption recorded a buoyant increase. Motorcycle or bicycle tyre consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Tyres For Motorcycles or Bicycles in Hungary

In value terms, motorcycle or bicycle tyre production expanded notably to $X in 2022 estimated in export price. Overall, production enjoyed a resilient expansion. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Motorcycle or bicycle tyre production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Tyres For Motorcycles or Bicycles

Exports from Hungary

In 2022, shipments abroad of tyres for motorcycles or bicycles decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank significantly in the following year.

In value terms, motorcycle or bicycle tyre exports declined remarkably to $X in 2022. In general, exports, however, recorded resilient growth. The growth pace was the most rapid in 2019 when exports increased by X%. The exports peaked at $X in 2021, and then contracted remarkably in the following year.

Exports by Country

Romania (X units), the Czech Republic (X units) and Slovakia (X units) were the main destinations of motorcycle or bicycle tyre exports from Hungary, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X) emerged as the key foreign market for tyres for motorcycles or bicycles exports from Hungary, comprising X% of total exports. The second position in the ranking was taken by Romania ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Czech Republic stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per unit), while the average price for exports to Turkey ($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 Bosnia and Herzegovina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Hungary

In 2022, the amount of tyres for motorcycles or bicycles imported into Hungary rose remarkably to X units, picking up by X% against the previous year's figure. Overall, total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, motorcycle or bicycle tyre imports surged to $X in 2022. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X units), China (X units) and the Czech Republic (X units) were the main suppliers of motorcycle or bicycle tyre imports to Hungary, together accounting for X% of total imports. Taiwan (Chinese), Thailand, India, Vietnam, the Netherlands and Slovenia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of tyres for motorcycles or bicycles to Hungary, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Import Prices by Country

The average motorcycle or bicycle tyre import price stood at $X per unit in 2022, surging by X% against the previous year. In general, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, motorcycle or bicycle tyre import price increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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