Norway: Market for Tyres For Buses Or Lorries 2025

Market Size for Tyres For Buses Or Lorries in Norway

The Norwegian truck and bus tyre market soared to $X in 2022, picking up by 44% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, the total consumption indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +72.6% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Tyres For Buses Or Lorries

Exports from Norway

In 2022, truck and bus tyre exports from Norway surged to X units, jumping by 63% against 2021 figures. Over the period under review, exports, however, continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 130%. Over the period under review, the exports attained the maximum at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, truck and bus tyre exports soared to $X in 2022. In general, exports, however, showed a deep reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units) was the main destination for truck and bus tyre exports from Norway, with a 80% share of total exports. Moreover, truck and bus tyre exports to Sweden exceeded the volume sent to the second major destination, Bolivia (X units), tenfold. Luxembourg (X units) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to Sweden amounted to -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+33.2% per year) and Luxembourg (+12.5% per year).

In value terms, Sweden ($X) remains the key foreign market for tyres for buses or lorries exports from Norway, comprising 89% of total exports. The second position in the ranking was held by Denmark ($X), with a 2.7% share of total exports. It was followed by Luxembourg, with a 2.5% share.

From 2012 to 2022, the average annual growth rate of value to Sweden amounted to -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-12.8% per year) and Luxembourg (+8.4% per year).

Export Prices by Country

In 2022, the average truck and bus tyre export price amounted to $X per unit, rising by 6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 50%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Bolivia ($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 Bolivia (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Norway

In 2022, truck and bus tyre imports into Norway surged to X units, picking up by 54% against the previous year. Overall, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +8.2% 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 +52.9% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, truck and bus tyre imports soared to $X in 2022. In general, total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +71.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Finland (X units), China (X units) and Russia (X units) were the main suppliers of truck and bus tyre imports to Norway, together comprising 53% of total imports. Poland, Spain, France, Japan, Slovakia, Thailand, Turkey, South Korea, the Czech Republic and Vietnam lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +140.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Poland ($X) and Finland ($X) appeared to be the largest truck and bus tyre suppliers to Norway, with a combined 45% share of total imports. France, Spain, Slovakia, Japan, Russia, Thailand, the Czech Republic, South Korea, Turkey and Vietnam lagged somewhat behind, together comprising a further 48%.

Among the main suppliers, Vietnam, with a CAGR of +169.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average truck and bus tyre import price amounted to $X per unit, waning by -9% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 France ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+12.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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