Hungary: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Hungary

The Hungarian truck and bus tyre market dropped markedly to $X in 2022, falling by X% against the previous year. In general, consumption, however, showed a pronounced increase. As a result, consumption reached the peak level of $X, and then declined significantly in the following year.

Production of Tyres For Buses Or Lorries in Hungary

In value terms, truck and bus tyre production fell notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Tyres For Buses Or Lorries

Exports from Hungary

In 2022, approx. X units of tyres for buses or lorries were exported from Hungary; waning by X% on the previous year's figure. In general, exports, however, posted temperate growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, truck and bus tyre exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for truck and bus tyre exports from Hungary, with a X% share of total exports. Moreover, truck and bus tyre exports to Germany exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was held by Romania (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Romania (X% per year).

In value terms, Germany ($X), Romania ($X) and Poland ($X) appeared to be the largest markets for truck and bus tyre exported from Hungary worldwide, together comprising X% of total exports. The Czech Republic, Austria, the UK, Italy, Turkey, France, Slovakia, Belgium, Bulgaria and the Netherlands lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Belgium, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average truck and bus tyre export price amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to the Netherlands ($X 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 Austria (X%), while the prices for the other major destinations experienced a decline.

Imports of Tyres For Buses Or Lorries

Imports into Hungary

In 2022, after two years of growth, there was decline in purchases abroad of tyres for buses or lorries, when their volume decreased by X% to X units. Overall, total imports indicated a measured increase 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. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, truck and bus tyre imports declined modestly to $X in 2022. The total import value 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 2016 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Slovakia (X units) and Romania (X units) were the main suppliers of truck and bus tyre imports to Hungary, with a combined X% share of total imports. France, China, Serbia, Poland, Spain, India, the Czech Republic, Thailand and Turkey lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X) constituted the largest supplier of tyres for buses or lorries to Hungary, comprising X% of total imports. The second position in the ranking was held by Slovakia ($X), with an X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Slovakia (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average truck and bus tyre import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price, however, recorded a mild decrease. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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