Romania: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Romania

The Romanian motorcycle or bicycle tyre market fell to $X in 2022, waning by X% 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). Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value 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, consumption increased by X% against 2020 indices. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Exports of Tyres For Motorcycles or Bicycles

Exports from Romania

In 2022, motorcycle or bicycle tyre exports from Romania declined notably to X units, which is down by X% on the previous year's figure. In general, exports, however, showed a prominent increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, motorcycle or bicycle tyre exports reduced notably to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Italy (X units), Portugal (X units) and Germany (X units) were the main destinations of motorcycle or bicycle tyre exports from Romania, with a combined X% share of total exports. Moldova, France, Bulgaria and Hungary lagged somewhat behind, together accounting for a further X%.

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

In value terms, Germany ($X), Bulgaria ($X) and Portugal ($X) constituted the largest markets for motorcycle or bicycle tyre exported from Romania worldwide, together comprising X% of total exports. Italy, France, Moldova and Hungary lagged somewhat behind, together accounting for a further X%.

Italy, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motorcycle or bicycle tyre export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated temperate growth 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 export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 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 Germany ($X per unit), while the average price for exports to Italy ($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 Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Motorcycles or Bicycles

Imports into Romania

In 2022, imports of tyres for motorcycles or bicycles into Romania reduced to X units, declining by X% on the previous year's figure. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then dropped in the following year.

In value terms, motorcycle or bicycle tyre imports contracted modestly to $X in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value 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 pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Thailand (X units) constituted the largest motorcycle or bicycle tyre supplier to Romania, accounting for a X% share of total imports. Moreover, motorcycle or bicycle tyre imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by India (X units), with a X% share.

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

In value terms, Thailand ($X), Germany ($X) and China ($X) constituted the largest motorcycle or bicycle tyre suppliers to Romania, with a combined X% share of total imports. Vietnam, India, Indonesia, the Czech Republic, Slovenia, France, Sri Lanka and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 motorcycle or bicycle tyre import price amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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 Taiwan (Chinese) ($X per unit), while the price for India ($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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