Report Update: May 1, 2024

Hungary - Retreaded Pneumatic Tyres - Market Analysis, Forecast, Size, Trends And Insights

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Retreaded Pneumatic Tyre Price in Hungary - 2023

Retreaded Pneumatic Tyre Price in Hungary (CIF) - 2023

In July 2023, the average retreaded pneumatic tyre import price amounted to $132 per unit, flattening at the previous month. Over the period from July 2022 to July 2023, it increased at an average monthly rate of +3.1%. The growth pace was the most rapid in August 2022 when the average import price increased by 27% m-o-m. The import price peaked at $133 per unit in May 2023; however, from June 2023 to July 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was the UK ($266 per unit), while the price for the Netherlands ($31.3 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the UK (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Retreaded Pneumatic Tyre Price in Hungary (FOB) - 2022

The average retreaded pneumatic tyre export price stood at $164 per unit in 2022, increasing by 9.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2016 an increase of 27%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($309 per unit), while the average price for exports to Austria ($156 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 Serbia (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports in Hungary

Retreaded pneumatic tyre imports into Hungary reduced modestly to 144K units in 2022, waning by -4.7% on 2021. In general, imports recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 7% against the previous year. Over the period under review, imports reached the peak figure at 164K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports stood at $23M in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 15% against the previous year. Over the period under review, imports hit record highs at $24M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Retreaded Pneumatic Tyre in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Germany	20.4	15.6	17.9	19.1	-2.2%
Spain	0.6	1.8	1.7	2.0	49.4%
United Kingdom	1.9	1.2	1.5	0.9	-22.0%
France	0.6	0.4	0.5	0.6	0.0%
Netherlands	N/A	N/A	N/A	0.1	0%
Others	0.2	0.1	0.4	0.4	26.0%
Total	23.8	19.2	22.1	23.1	-1.0%

Top Suppliers of Retreaded Pneumatic Tyre to Hungary in 2022:

Germany (120.8K units)
Spain (11.3K units)
France (3.2K units)
United Kingdom (2.8K units)
Netherlands (2.4K units)

Retreaded Pneumatic Tyre Exports in Hungary

In 2022, exports of retreaded pneumatic tyres from Hungary reduced to 108K units, falling by -7.2% on 2021. In general, exports showed a deep contraction. The growth pace was the most rapid in 2021 when exports increased by 8.8%. The exports peaked at 133K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, retreaded pneumatic tyre exports amounted to $18M in 2022. Overall, exports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Over the period under review, the exports attained the peak figure at $20M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Retreaded Pneumatic Tyre in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Czech Republic	5.6	4.8	5.2	5.8	1.2%
Romania	3.9	3.6	4.0	3.6	-2.6%
Austria	5.5	2.7	3.3	2.7	-21.1%
Slovakia	1.7	1.6	1.5	1.8	1.9%
Slovenia	1.6	1.3	1.3	1.3	-6.7%
Bulgaria	1.0	0.5	1.0	1.1	3.2%
Serbia	0.6	0.5	0.6	0.9	14.5%
Others	0.5	0.6	0.6	0.6	6.3%
Total	20.4	15.6	17.4	17.7	-4.6%

Top Export Markets for Retreaded Pneumatic Tyre from Hungary in 2022:

Czech Republic (35.6K units)
Romania (20.8K units)
Austria (17.2K units)
Slovakia (10.8K units)
Slovenia (7.2K units)
Bulgaria (7.0K units)
Serbia (3.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the retreaded pneumatic tyre market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 22112030 - Retreaded tyres of rubber of a kind used on motor cars
Prodcom 22112050 - Retreaded tyres of rubber of a kind used on buses and lorries
Prodcom 22112090 - Retreaded tyres of rubber (including of a kind used on aircraft, excluding of a kind used on motor cars, buses or lorries)

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023