Croatia: Passenger Car Tyre Market 2023

Passenger Car Tyre Market Size in Croatia

The Croatian passenger car tyre market soared to $X in 2021, picking up by 17% 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 strong growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -10.4% against 2019 indices. Passenger car tyre consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Tyre Exports

Exports from Croatia

In 2021, overseas shipments of tyres for motor cars increased by 47% to X units, rising for the fifth year in a row after two years of decline. Overall, exports saw a significant increase. The growth pace was the most rapid in 2014 when exports increased by 600% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, passenger car tyre exports surged to $X in 2021. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2019 with an increase of 541% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

Slovenia (X units) was the main destination for passenger car tyre exports from Croatia, with a 47% share of total exports. Moreover, passenger car tyre exports to Slovenia exceeded the volume sent to the second major destination, Serbia (X units), threefold. Albania (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovenia stood at +66.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+22.2% per year) and Albania (+282.8% per year).

In value terms, Slovenia ($X) remains the key foreign market for tyres for motor cars exports from Croatia, comprising 47% of total exports. The second position in the ranking was taken by Serbia ($X), with a 16% share of total exports. It was followed by Bosnia and Herzegovina, with a 10% share.

From 2012 to 2021, the average annual growth rate of value to Slovenia stood at +79.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+34.7% per year) and Bosnia and Herzegovina (+78.7% per year).

Export Prices by Country

The average passenger car tyre export price stood at $X per unit in 2021, surging by 5.1% against the previous year. In general, export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, passenger car tyre export price increased by +78.1% against 2015 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47%. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat for the major overseas markets. In 2021, the countries with the highest prices were Serbia ($X per unit) and Bosnia and Herzegovina ($X per unit), while the average price for exports to Albania ($X per unit) and Kosovo ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kosovo (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Passenger Car Tyre Imports

Imports into Croatia

Passenger car tyre imports into Croatia expanded remarkably to X units in 2021, increasing by 13% on the previous year. In general, imports continue to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 with an increase of 33%. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports soared to $X in 2021. Overall, imports posted buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 28%. Imports peaked in 2021 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, Slovenia (X units) constituted the largest supplier of passenger car tyre to Croatia, with a 35% share of total imports. Moreover, passenger car tyre imports from Slovenia exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold. Germany (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Slovenia amounted to +32.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+28.5% per year) and Germany (+4.2% per year).

In value terms, Slovenia ($X) constituted the largest supplier of tyres for motor cars to Croatia, comprising 34% of total imports. The second position in the ranking was held by Hungary ($X), with an 11% share of total imports. It was followed by Germany, with an 8.9% share.

From 2012 to 2021, the average annual growth rate of value from Slovenia stood at +31.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+22.6% per year) and Germany (+0.1% per year).

Import Prices by Country

In 2021, the average passenger car tyre import price amounted to $X per unit, rising by 10% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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