Romania: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Romania

The Romanian retreaded pneumatic tyre market declined markedly to $X in 2022, dropping by -80.7% against the previous year. Overall, consumption continues to indicate a dramatic shrinkage. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Retreaded Pneumatic Tyre Production in Romania

In value terms, retreaded pneumatic tyre production dropped significantly to $X in 2022 estimated in export price. Over the period under review, production showed noticeable growth. The pace of growth was the most pronounced in 2015 with an increase of 112% against the previous year. Retreaded pneumatic tyre production peaked at $X in 2021, and then declined remarkably in the following year.

Retreaded Pneumatic Tyre Exports

Exports from Romania

In 2022, retreaded pneumatic tyre exports from Romania surged to X units, jumping by 46% on 2021 figures. Over the period under review, exports showed a noticeable expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 190% against the previous year. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, retreaded pneumatic tyre exports soared to $X in 2022. Overall, exports, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2021 when exports increased by 83%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Ukraine (X units), Mexico (X units) and Poland (X units) were the main destinations of retreaded pneumatic tyre exports from Romania, with a combined 66% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Ukraine (with a CAGR of +48.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X) emerged as the key foreign market for retreaded pneumatic tyres exports from Romania, comprising 36% of total exports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total exports. It was followed by Poland, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Ukraine stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+1.4% per year) and Poland (+35.3% per year).

Export Prices by Country

The average retreaded pneumatic tyre export price stood at $X per unit in 2022, stabilizing at the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 an increase of 31% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to the Netherlands ($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 the Czech Republic (+4.0%), while the prices for the other major destinations experienced mixed trend patterns.

Retreaded Pneumatic Tyre Imports

Imports into Romania

In 2022, supplies from abroad of retreaded pneumatic tyres decreased by -54.2% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 117%. Over the period under review, imports hit record highs at X units in 2021, and then declined remarkably in the following year.

In value terms, retreaded pneumatic tyre imports shrank to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 26% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped in the following year.

Imports by Country

Poland (X units), Hungary (X units) and Italy (X units) were the main suppliers of retreaded pneumatic tyre imports to Romania, together accounting for 74% of total imports. Spain, Germany, Slovakia, Egypt, France, Austria and the Czech Republic lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of +2,389.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) constituted the largest supplier of retreaded pneumatic tyres to Romania, comprising 45% of total imports. The second position in the ranking was held by Poland ($X), with a 22% share of total imports. It was followed by Germany, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Hungary totaled +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+73.2% per year) and Germany (-2.2% per year).

Import Prices by Country

In 2022, the average retreaded pneumatic tyre import price amounted to $X per unit, increasing by 93% against the previous year. Over the period under review, import price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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