
Hungary - Tyres For Motor Cars - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Passenger Car Tire Market Overview 2020
Passenger Car Tire Market Size in Hungary
The revenue of the passenger car tire market in Hungary amounted to $X in 2018, rising by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2007 to 2018; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Over the period under review, the passenger car tire market attained its maximum level in 2018 and is expected to retain its growth in the immediate term.
Passenger Car Tire Production in Hungary
In value terms, passenger car tire production totaled $X in 2018 estimated in export prices. Overall, passenger car tire production continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2011 when production volume increased by X% against the previous year. Over the period under review, passenger car tire production attained its peak figure level in 2018 and is likely to continue its growth in the immediate term.
Passenger Car Tire Exports
Exports from Hungary
In 2018, the passenger car tire exports from Hungary totaled X units, surging by X% against the previous year. In general, passenger car tire exports continue to indicate a remarkable expansion. The most prominent rate of growth was recorded in 2008 when exports increased by X% year-to-year. Over the period under review, passenger car tire exports reached their maximum at X units in 2016; however, from 2017 to 2018, exports failed to regain their momentum.
In value terms, passenger car tire exports totaled $X in 2018. Overall, passenger car tire exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2008 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.
Passenger Car Tire Imports
Imports into Hungary
In 2018, the amount of tyres for motor cars imported into Hungary amounted to X units, reducing by -X% against the previous year. Over the period under review, the total imports indicated a remarkable increase from 2007 to 2018: its volume increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, passenger car tire imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. Over the period under review, passenger car tire imports attained their maximum at X units in 2016; however, from 2017 to 2018, imports stood at a somewhat lower figure.
In value terms, passenger car tire imports stood at $X in 2018. Over the period under review, the total imports indicated a resilient increase from 2007 to 2018: its value increased at an average annual rate of +X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, passenger car tire imports decreased by -X% against 2014 indices. The most prominent rate of growth was recorded in 2008 when imports increased by X% y-o-y. Over the period under review, passenger car tire imports attained their peak figure at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.
Source: IndexBox AI Platform
This report provides an in-depth analysis of the passenger car tire market 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 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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