Eastern Europe: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Eastern Europe

For the third year in a row, the East European market for tyres for agriculture, forestry, construction, industry and other off the road vehicles recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in Eastern Europe

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

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Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in Eastern Europe

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Total exports indicated a modest expansion from 2012 to 2022: its volume 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. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles shrank to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from the Czech Republic (X units), Poland (X units) and Slovakia (X units), together reaching X% of total export. It was distantly followed by Russia (X units), mixing up a X% share of total exports. Hungary (X units), Latvia (X units) and Romania (X units) held a relatively small share of total exports.

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

In value terms, the Czech Republic ($X), Slovakia ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Slovakia, 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 export price in Eastern Europe stood at $X per unit in 2022, picking up by X% against the previous year. In general, the export price, however, continues to indicate a pronounced decline. Over the period under review, the export prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in Eastern Europe

In 2022, the amount of tyres for agriculture, forestry, construction, industry and other off the road vehicles imported in Eastern Europe totaled X units, surging by X% compared with the year before. In general, imports enjoyed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by X%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles declined modestly to $X in 2022. Total imports indicated a slight increase 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, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then fell slightly in the following year.

Imports by Country

Poland (X units) and Russia (X units) were the key importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles in 2022, recording near X% and X% of total imports, respectively. Slovakia (X units) held the next position in the ranking, followed by the Czech Republic (X units), Latvia (X units), Romania (X units), Ukraine (X units) and Hungary (X units). All these countries together held approx. X% share of total imports.

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

In value terms, Russia ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by Slovakia, with a X% share.

In Russia, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (X% per year) and Slovakia (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Russia ($X per unit), while Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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