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 Europe

The Europe market for tyres for agriculture, forestry, construction, industry and other off the road vehicles contracted slightly to $X in 2022, approximately mirroring the previous year. 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. As a result, consumption attained the peak level of $X, and then shrank modestly in the following year.

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

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles shrank modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a perceptible decline. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports in Europe

In 2022, overseas shipments 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. The total export volume increased at an average annual rate of X% from 2012 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 X%. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles rose modestly to $X in 2022. Overall, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The Netherlands was the major exporter of tyres for agriculture, forestry, construction, industry and other off the road vehicles in Europe, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. Germany (X units) ranks second in terms of the total exports with a X% share, followed by the Czech Republic (X%), Italy (X%), Poland (X%), Slovakia (X%), France (X%) and Belgium (X%).

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2022. At the same time, Slovakia (X%), Germany (X%), Italy (X%), Poland (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2022. Belgium experienced a relatively flat trend pattern. By contrast, France (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Slovakia (X p.p.) and Germany (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belgium (X p.p.), the Czech Republic (X p.p.) and France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest agricultural, construction and industrial machinery tyre supplying countries in Europe were France ($X), the Czech Republic ($X) and the Netherlands ($X), with a combined X% share of total exports. Italy, Slovakia, Poland, Germany and Belgium lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Europe amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, showed a pronounced decrease. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per unit), while the Netherlands ($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 a decline in the export price figures.

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

Imports in Europe

In 2022, supplies from 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. The total import volume increased at an average annual rate of X% from 2012 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 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then declined slightly in the following year.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced to $X in 2022. Total imports indicated a slight expansion 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 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then contracted modestly in the following year.

Imports by Country

In 2022, Germany (X units), followed by Italy (X units), the Netherlands (X units), France (X units), the UK (X units), Poland (X units) and Russia (X units) were the major importers of tyres for agriculture, forestry, construction, industry and other off the road vehicles, together committing X% of total imports. Spain (X units), Belgium (X units), Denmark (X units), Slovakia (X units), the Czech Republic (X units) and Austria (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest agricultural, construction and industrial machinery tyre importing markets in Europe were Germany ($X), Russia ($X) and France ($X), together accounting for X% of total imports. The UK, Italy, the Netherlands, Poland, Belgium, Spain, Austria, Slovakia, the Czech Republic and Denmark lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, approximately equating the previous year. Overall, the import price, however, recorded a pronounced slump. 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 stood at a somewhat lower figure.

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