Price for New Pneumatic Tyres, of Rubber in Hungary - 2022

Contents:

1. Price for New Pneumatic Tyres, of Rubber in Hungary (FOB) - 2022
2. Price for New Pneumatic Tyres, of Rubber in Hungary (CIF) - 2022
3. Exports of New Pneumatic Tyres, of Rubber in Hungary
4. Imports of New Pneumatic Tyres, of Rubber in Hungary

Price for New Pneumatic Tyres, of Rubber in Hungary (FOB) - 2022

The average export price for new pneumatic tyres, of rubbers stood at $74.2 per unit in April 2022, growing by 5.5% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2021 when the average export price increased by 7.7% month-to-month. Over the period under review, the average export prices reached the peak figure in April 2022.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($194 per unit), while the average price for exports to Egypt ($50.2 per unit) was amongst the lowest.

From April 2021 to April 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for New Pneumatic Tyres, of Rubber in Hungary (CIF) - 2022

In April 2022, the average import price for new pneumatic tyres, of rubbers amounted to $69.9 per unit, shrinking by -3.1% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2022 an increase of 14% against the previous month. As a result, import price reached the peak level of $76.0 per unit. From February 2022 to April 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($81.5 per unit), while the price for Egypt ($38.9 per unit) was amongst the lowest.

From April 2021 to April 2022, the most notable rate of growth in terms of prices was attained by Russia (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of New Pneumatic Tyres, of Rubber in Hungary

For the fourth consecutive year, Hungary recorded growth in overseas shipments of new pneumatic tyres, of rubbers, which increased by 21% to 35M units in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 419% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, new pneumatic tyres, of rubber exports reached $2.1B in 2022. The total export value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

Top Export Markets for New Pneumatic Tyres, of Rubber from Hungary in 2022:

1. Germany (9.2M units)
2. Netherlands (3.6M units)
3. France (2.3M units)
4. Italy (2.1M units)
5. Czech Republic (2.1M units)
6. Romania (2.0M units)
7. United Kingdom (1.7M units)
8. Poland (1.6M units)
9. Turkey (1.3M units)
10. Austria (1.3M units)
11. Spain (1.2M units)
12. Slovakia (0.9M units)
13. United States (0.8M units)

Imports of New Pneumatic Tyres, of Rubber in Hungary

For the fourth year in a row, Hungary recorded growth in supplies from abroad of new pneumatic tyres, of rubbers, which increased by 6.8% to 14M units in 2022. The total import volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, new pneumatic tyres, of rubber imports expanded modestly to $814M in 2022. The total import value increased at an average annual rate of +7.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 15%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of New Pneumatic Tyres, of Rubber to Hungary in 2022:

1. Germany (3.1M units)
2. Belgium (1.6M units)
3. China (1.3M units)
4. Slovakia (1.1M units)
5. Poland (1.0M units)
6. Spain (0.9M units)
7. Czech Republic (0.7M units)
8. Turkey (0.6M units)
9. Romania (0.6M units)
10. Italy (0.5M units)
11. Serbia (0.5M units)
12. France (0.5M units)
13. Portugal (0.4M units)

Source: IndexBox Market Intelligence Platform