Serbia: Market for Tyres For Motorcycles or Bicycles 2024

Market Size for Tyres For Motorcycles or Bicycles in Serbia

The Serbian motorcycle or bicycle tyre market soared to $X in 2022, jumping by X% against the previous year. Overall, consumption recorded a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Tyres For Motorcycles or Bicycles in Serbia

In value terms, motorcycle or bicycle tyre production contracted slightly to $X in 2022 estimated in export price. Overall, the total production indicated strong growth 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, production increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Motorcycle or bicycle tyre production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Motorcycles or Bicycles

Exports from Serbia

In 2022, approx. X units of tyres for motorcycles or bicycles were exported from Serbia; shrinking by X% compared with 2021 figures. Overall, exports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, motorcycle or bicycle tyre exports expanded slightly to $X in 2022. In general, exports, however, saw a prominent increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

Spain (X units), Italy (X units) and France (X units) were the main destinations of motorcycle or bicycle tyre exports from Serbia, with a combined X% share of total exports. Turkey, Germany, the UK, Greece, Brazil and the Czech Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest markets for motorcycle or bicycle tyre exported from Serbia were Spain ($X), Italy ($X) and France ($X), together accounting for X% of total exports. Germany, the UK, Greece, Brazil, Turkey and the Czech Republic lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Turkey, with a CAGR of X%, saw the highest growth rate of the value of exports, 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, increasing by X% against the previous year. In general, export price indicated tangible 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 increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

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

Imports of Tyres For Motorcycles or Bicycles

Imports into Serbia

In 2022, imports of tyres for motorcycles or bicycles into Serbia expanded rapidly to X units, increasing by X% on 2021 figures. Over the period under review, imports showed a buoyant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, motorcycle or bicycle tyre imports skyrocketed to $X in 2022. Overall, imports posted temperate growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

The Czech Republic (X units), China (X units) and Vietnam (X units) were the main suppliers of motorcycle or bicycle tyre imports to Serbia, with a combined X% share of total imports.

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

In value terms, the largest motorcycle or bicycle tyre suppliers to Serbia were the Czech Republic ($X), China ($X) and Vietnam ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, 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 motorcycle or bicycle tyre import price stood at $X per unit in 2022, almost unchanged from the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform