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Hungary - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Overview of the Market for Tyres For Buses Or Lorries 2021

Market Size for Tyres For Buses Or Lorries in Hungary

In 2020, the Hungarian truck and bus tire market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Over the period under review, consumption saw a mild descent. The pace of growth appeared the most rapid in 2019 when the market value increased by X% year-to-year. Over the period under review, the market attained the peak level at $X in 2009; however, from 2010 to 2020, consumption remained at a lower figure.

Production of Tyres For Buses Or Lorries in Hungary

In value terms, truck and bus tire production contracted significantly to $X in 2020 estimated in export prices. Over the period under review, production, however, recorded a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. As a result, production reached the peak level of $X, and then plummeted in the following year.

Exports of Tyres For Buses Or Lorries

Exports from Hungary

After two years of growth, overseas shipments of tyres for buses or lorries decreased by -X% to X units in 2020. Overall, exports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Exports peaked at X units in 2019, and then declined notably in the following year.

In value terms, truck and bus tire exports shrank remarkably to $X in 2020. Over the period under review, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by X% year-to-year. Over the period under review, exports reached the maximum at $X in 2019, and then fell dramatically in the following year.

Exports by Country

Germany (X units), the Netherlands (X units) and Austria (X units) were the main destinations of truck and bus tire exports from Hungary, with a combined X% share of total exports.

From 2007 to 2020, the biggest increases were in Austria (+X% per year), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Romania ($X) constituted the largest markets for truck and bus tire exported from Hungary worldwide, with a combined X% share of total exports.

Austria (+X% per year) recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average truck and bus tire export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, showed a noticeable contraction. Over the period under review, average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2020, export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Slovenia ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Hungary

In 2020, supplies from abroad of tyres for buses or lorries increased by X% to X units for the first time since 2016, thus ending a three-year declining trend. In general, imports showed notable growth. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2020, the growth imports failed to regain the momentum.

In value terms, truck and bus tire imports contracted modestly to $X in 2020. Over the period under review, total imports indicated a pronounced expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, imports decreased by -X% against 2016 indices. The pace of growth was the most pronounced in 2010 when imports increased by X% year-to-year. Imports peaked at $X in 2016; however, from 2017 to 2020, imports remained at a lower figure.

Imports by Country

Germany (X units), Slovakia (X units) and France (X units) were the main suppliers of truck and bus tire imports to Hungary, with a combined X% share of total imports. Romania, Serbia, China, Poland, Spain and the Czech Republic lagged somewhat behind, together comprising a further X 2007 to 2020, the biggest increases were in Serbia (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Slovakia ($X) and Spain ($X) appeared to be the largest truck and bus tire suppliers to Hungary, together accounting for X% of total imports. These countries were followed by Poland, France, Romania, the Czech Republic, Serbia and China, which together accounted for a further X terms of the main suppliers, Serbia recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average truck and bus tire import price stood at $X per unit in 2020, which is down by -X% against the previous year. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2020, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Spain ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Spain, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres for buses or lorries in the world?
+
The countries with the highest volumes of truck and bus tire consumption in 2020 were China (77M units), the U.S. (58M units) and India (31M units), with a combined 42% share of global consumption.
What are the largest producers of tyres for buses or lorries in the world?
+
The country with the largest volume of truck and bus tire production was China (170M units), comprising approx. 41% of total volume. Moreover, truck and bus tire production in China exceeded the figures recorded by the second-largest producer, India (34M units), fivefold. The U.S. (29M units) ranked third in terms of total production with a 7% share.
What are the leading suppliers of tyres for buses or lorries to Hungary?
+
In value terms, Germany ($36M), Slovakia ($21M) and Spain ($18M) appeared to be the largest truck and bus tire suppliers to Hungary, with a combined 52% share of total imports. These countries were followed by Poland, France, Romania, the Czech Republic, Serbia and China, which together accounted for a further 30%.
What are the leading importers of tyres for buses or lorries from Hungary?
+
In value terms, Germany ($24M), Austria ($22M) and Romania ($21M) were the largest markets for truck and bus tire exported from Hungary worldwide, together comprising 40% of total exports.
What is the average export price for tyres for buses or lorries in Hungary?
+
The average truck and bus tire export price stood at $78 per unit in 2020, picking up by 28% against the previous year.
What is the average import price for tyres for buses or lorries in Hungary?
+
The average truck and bus tire import price stood at $127 per unit in 2020, with a decrease of -8.1% against the previous year.

Product coverage:
• Prodcom 22111355 - New pneumatic rubber tyres for buses or lorries with a load index . .121
• Prodcom 22111357 - New pneumatic rubber tyres for buses or lorries with a load index > .121

This report provides an in-depth analysis of the market for truck and bus tire in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Hungary

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hungary
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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