Slovakia: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Slovakia

In 2022, the Slovak truck and bus tyre market increased by 1.3% to $X, rising for the third year in a row after two years of decline. In general, consumption continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Tyres For Buses Or Lorries in Slovakia

In value terms, truck and bus tyre production fell modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 76% against the previous year. Truck and bus tyre production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Slovakia

In 2022, approx. X units of tyres for buses or lorries were exported from Slovakia; dropping by -6.6% on the previous year's figure. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +13.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 when exports increased by 29% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, truck and bus tyre exports amounted to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Germany (X units), the United States (X units) and France (X units) were the main destinations of truck and bus tyre exports from Slovakia, together accounting for 42% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +31.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for truck and bus tyre exported from Slovakia were Germany ($X), the United States ($X) and Poland ($X), with a combined 41% share of total exports. Turkey, France, Belgium, Italy, the Czech Republic, the UK, Austria, Spain, Switzerland and Hungary lagged somewhat behind, together comprising a further 43%.

Switzerland, with a CAGR of +28.6%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the average truck and bus tyre export price amounted to $X per unit, increasing by 8.5% against the previous year. In general, the export price, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to France ($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 Switzerland (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Slovakia

In 2022, overseas purchases of tyres for buses or lorries increased by 3.7% to X units, rising for the second year in a row after three years of decline. Overall, total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +5.5% 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 +13.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 147%. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, truck and bus tyre imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The Czech Republic (X units), Romania (X units) and Turkey (X units) were the main suppliers of truck and bus tyre imports to Slovakia, together accounting for 64% of total imports. Poland, Russia, China, Latvia, Egypt, Serbia, France, Germany and Luxembourg lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Latvia (with a CAGR of +47.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Turkey ($X) and Romania ($X) were the largest truck and bus tyre suppliers to Slovakia, together accounting for 50% of total imports. Russia, Poland, Egypt, Germany, Latvia, China, Luxembourg, France and Serbia lagged somewhat behind, together comprising a further 27%.

In terms of the main suppliers, Latvia, with a CAGR of +111.1%, recorded the highest rates of growth with regard to 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

The average truck and bus tyre import price stood at $X per unit in 2022, rising by 8.6% against the previous year. Over the period under review, the import price, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2014 an increase of 45% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+43.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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