Europe: Road Wheel Market 2024

Road Wheel Market Size in Europe

In 2022, the Europe road wheel market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. The level of consumption peaked in 2022 and is expected to retain growth in years to come.

Road Wheel Production in Europe

In value terms, road wheel production soared to $X in 2022 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Road Wheel Exports

Exports in Europe

In 2022, the amount of road wheels exported in Europe declined modestly to X tons, which is down by X% against the previous year's figure. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, road wheel exports stood at $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany represented the key exporter of road wheels in Europe, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Poland (X tons) took the second position in the ranking, followed by Italy (X tons), the Czech Republic (X tons), Hungary (X tons), France (X tons) and Austria (X tons). All these countries together took near X% share of total exports. Belgium (X tons), Luxembourg (X tons), the UK (X tons), Spain (X tons), the Netherlands (X tons) and Denmark (X tons) followed a long way behind the leaders.

Germany experienced a relatively flat trend pattern with regard to volume of exports of road wheels. At the same time, Hungary (X%), Luxembourg (X%), Austria (X%), Poland (X%), the UK (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Spain and the Netherlands experienced a relatively flat trend pattern. By contrast, the Czech Republic (X%), Italy (X%), Belgium (X%) and France (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Hungary, Luxembourg and Austria increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest road wheel supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with an X% share of total exports. It was followed by Italy, with a X% share.

In Germany, road wheel exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Poland (X% per year) and Italy (X% per year).

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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 Belgium ($X per ton), while Denmark ($X per ton) was amongst the lowest.

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

Road Wheel Imports

Imports in Europe

In 2022, the amount of road wheels imported in Europe contracted slightly to X tons, leveling off at the previous year. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, road wheel imports expanded slightly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Germany (X tons) represented the main importer of road wheels, generating X% of total imports. It was distantly followed by the UK (X tons), France (X tons), Russia (X tons), Italy (X tons), Spain (X tons), Belgium (X tons) and the Czech Republic (X tons), together constituting a X% share of total imports. Sweden (X tons), Slovakia (X tons), the Netherlands (X tons), Poland (X tons) and Austria (X tons) held a minor share of total imports.

Germany experienced a relatively flat trend pattern with regard to volume of imports of road wheels. At the same time, the Czech Republic (X%), Spain (X%), Slovakia (X%), Austria (X%) and Poland (X%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. The UK, Italy, Sweden and the Netherlands experienced a relatively flat trend pattern. By contrast, France (X%), Belgium (X%) and Russia (X%) illustrated a downward trend over the same period. The Czech Republic (X p.p.) and Spain (X p.p.) significantly strengthened its position in terms of the total imports, while Belgium and Russia saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported road wheels in Europe, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

In Germany, road wheel imports remained relatively stable over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the UK (X% per year) and Belgium (X% per year).

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Slovakia ($X per ton), while Russia ($X per ton) 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