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Hungary - Tyres - Market Analysis, Forecast, Size, Trends and Insights
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Hungary: Tyre Market Overview 2021

Tyre Market Size in Hungary

In 2019, the Hungarian tyre market decreased by -X% to $X for the first time since 2016, thus ending a two-year rising trend. Overall, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, consumption attained the peak level of $X, leveling off in the following year.

Tyre Production in Hungary

In value terms, tyre production totaled $X in 2019 estimated in export prices. Overall, production, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2011 with an increase of X% year-to-year. Tyre production peaked in 2019 and is expected to retain growth in the immediate term.

Tyre Exports

Exports from Hungary

In 2019, shipments abroad of tyres decreased by -X% to X units, falling for the third year in a row after four years of growth. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Exports peaked at X units in 2016; however, from 2017 to 2019, exports remained at a lower figure.

In value terms, tyre exports contracted to $X in 2019. Overall, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Exports peaked at $X in 2018, and then declined in the following year.

Exports by Country

Germany (X units), the Netherlands (X units) and France (X units) were the main destinations of tyre exports from Hungary, together accounting for X% of total exports. Austria, the Czech Republic, Italy, Spain, Romania, the UK, Poland, Slovakia, the U.S. and Turkey lagged somewhat behind, together accounting for a further X 2007 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (+X% per year), while exports for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for tyre exported from Hungary were Germany ($X), the Netherlands ($X) and France ($X), together comprising X% of total exports. Austria, the Czech Republic, Italy, Romania, the UK, Spain, Slovakia, Poland, the U.S. and Turkey lagged somewhat behind, together accounting for a further X terms of the main countries of destination, Austria recorded the highest growth rate of 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 2019, the average tyre export price amounted to $X per unit, growing by X% against the previous year. In general, export price indicated a notable increase from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, tyre export price increased by +X% against 2015 indices. The growth pace was the most rapid in 2018 an increase of X% y-o-y. Over the period under review, average export prices reached the maximum in 2019 and is likely to see steady growth in the near future.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

Tyre Imports

Imports into Hungary

In 2019, purchases abroad of tyres decreased by -X% to X units, falling for the third year in a row after four years of growth. Overall, total imports indicated pronounced growth from 2007 to 2019: its volume increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2019, imports remained at a lower figure.

In value terms, tyre imports contracted to $X in 2019. In general, total imports indicated a strong expansion from 2007 to 2019: its value increased at an average annual rate of +X% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, imports increased by +X% against 2017 indices. The pace of growth appeared the most rapid in 2011 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

Germany (X units), Romania (X units) and the Czech Republic (X units) were the main suppliers of tyre imports to Hungary, with a combined X% share of total imports. China, Poland, Slovakia, Belgium, Serbia, Italy, Spain, France, Turkey and Slovenia lagged somewhat behind, together comprising a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Turkey, while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Romania ($X) and Poland ($X) constituted the largest tyre suppliers to Hungary, with a combined X% share of total imports. These countries were followed by Slovakia, Spain, Belgium, the Czech Republic, France, Italy, Serbia, China, Turkey and Slovenia, which together accounted for a further X the main suppliers, Turkey saw the highest growth rate of 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 tyre import price stood at $X per unit in 2019, shrinking by -X% against the previous year. Over the last twelve years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was France ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tyres in the world?
+
The countries with the highest volumes of tyre consumption in 2019 were China (878M units), the U.S. (506M units) and India (347M units), with a combined 48% share of global consumption. Indonesia, Japan, Brazil, Germany, the UK, Russia, Iran, France and Thailand lagged somewhat behind, together accounting for a further 22%.
What are the largest producers of tyres in the world?
+
The country with the largest volume of tyre production was China (1.3B units), accounting for 36% of total volume. Moreover, tyre production in China exceeded the figures recorded by the second-largest producer, India (375M units), threefold. The U.S. (277M units) ranked third in terms of total production with a 7.7% share.
What are the leading suppliers of tyres to Hungary?
+
In value terms, Germany ($145M), Romania ($80M) and Poland ($55M) were the largest tyre suppliers to Hungary, together comprising 43% of total imports. Slovakia, Spain, Belgium, the Czech Republic, France, Italy, Serbia, China, Turkey and Slovenia lagged somewhat behind, together comprising a further 46%.
What are the leading importers of tyres from Hungary?
+
In value terms, Germany ($316M), the Netherlands ($208M) and France ($135M) appeared to be the largest markets for tyre exported from Hungary worldwide, with a combined 41% share of total exports. These countries were followed by Austria, the Czech Republic, Italy, Romania, the UK, Spain, Slovakia, Poland, the U.S. and Turkey, which together accounted for a further 44%.
What is the average export price for tyres in Hungary?
+
In 2019, the average tyre export price amounted to $72 per unit, rising by 4.9% against the previous year.
What is the average import price for tyres in Hungary?
+
In 2019, the average tyre import price amounted to $54 per unit, dropping by -3.9% against the previous year.

Product coverage:
• Prodcom 22111100 - New pneumatic rubber tyres for motor cars (including for racing cars)

This report provides an in-depth analysis of the tyre 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 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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