Lithuania: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Lithuania

For the third consecutive year, the Lithuanian truck and bus tyre market recorded growth in sales value, which increased by X% to $X in 2022. In general, the total consumption indicated a tangible 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, consumption increased by X% against 2016 indices. Truck and bus tyre consumption peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Tyres For Buses Or Lorries

Exports from Lithuania

In 2022, overseas shipments of tyres for buses or lorries increased by X% to X units, rising for the third year in a row after two years of decline. In general, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, truck and bus tyre exports surged to $X in 2022. Over the period under review, exports showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Poland (X units), Germany (X units) and Latvia (X units) were the main destinations of truck and bus tyre exports from Lithuania, together accounting for X% of total exports. The Czech Republic, the Netherlands, Belgium, Estonia, Slovakia, France, Bulgaria, Ukraine and Russia lagged somewhat behind, together accounting for a further X%.

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

In value terms, Poland ($X), Germany ($X) and Latvia ($X) were the largest markets for truck and bus tyre exported from Lithuania worldwide, together comprising X% of total exports. The Czech Republic, the Netherlands, Belgium, France, Estonia, Slovakia, Ukraine, Bulgaria and Russia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Slovakia, 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, picking up by X% against the previous year. In general, export price indicated a mild expansion from 2012 to 2022: its price 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, truck and bus tyre export price increased by X% against 2015 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per unit), while the average price for exports to Russia ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Imports of Tyres For Buses Or Lorries

Imports into Lithuania

After two years of growth, supplies from abroad of tyres for buses or lorries decreased by X% to X units in 2022. Overall, total imports indicated a resilient 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 most prominent rate of growth was recorded in 2015 with an increase of X%. Imports peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, truck and bus tyre imports rose sharply to $X in 2022. Over the period under review, total imports indicated a buoyant 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 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X units), Estonia (X units) and Latvia (X units) were the main suppliers of truck and bus tyre imports to Lithuania, together comprising X% of total imports. China, Vietnam, Russia, Thailand, Germany, India, Belgium, Turkey and Slovakia 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, Estonia ($X), Poland ($X) and Latvia ($X) constituted the largest truck and bus tyre suppliers to Lithuania, with a combined X% share of total imports. China, Vietnam, Russia, Germany, Thailand, India, Belgium, Turkey and Slovakia lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average truck and bus tyre import price amounted to $X per unit, increasing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($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

Frequently Asked Questions (FAQ) :