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

Market Size for Tyres For Buses Or Lorries in Portugal

The Portuguese truck and bus tire market amounted to $X in 2020, approximately equating the previous year. The market value increased at an average annual rate of +X% from 2007 to 2020; 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% against the previous year. Truck and bus tire consumption peaked at $X in 2018; afterwards, it flattened through to 2020.

Production of Tyres For Buses Or Lorries in Portugal

In value terms, truck and bus tire production totaled $X in 2020 estimated in export prices. In general, the total production indicated a measured expansion from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Truck and bus tire production peaked at $X in 2013; however, from 2014 to 2020, production stood at a somewhat lower figure.

Exports of Tyres For Buses Or Lorries

Exports from Portugal

In 2020, approx. X units of tyres for buses or lorries were exported from Portugal; waning by -X% compared with 2019 figures. In general, exports, however, saw notable growth. The most prominent rate of growth was recorded in 2011 when exports increased by X% against the previous year. Over the period under review, exports attained the maximum at X units in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, truck and bus tire exports declined to $X in 2020. Over the period under review, exports, however, recorded a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, exports attained the peak of $X. From 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

Spain (X units) was the main destination for truck and bus tire exports from Portugal, with a X% share of total exports. Moreover, truck and bus tire exports to Spain exceeded the volume sent to the second major destination, Morocco (X units), fivefold. The third position in this ranking was occupied by France (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Spain amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and France (+X% per year).

In value terms, Spain ($X) remains the key foreign market for truck and bus tire exports from Portugal, comprising X% of total exports. The second position in the ranking was occupied by Morocco ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2007 to 2020, the average annual growth rate of value to Spain stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Morocco (+X% per year) and France (+X% per year).

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. In general, the export price, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2010 when the average export price increased by X% year-to-year. Over the period under review, average export prices attained the maximum at $X per unit in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was Morocco ($X per unit), while the average price for exports to France ($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 Morocco, while the prices for the other major destinations experienced a decline.

Imports of Tyres For Buses Or Lorries

Imports into Portugal

In 2020, approx. X units of tyres for buses or lorries were imported into Portugal; falling by -X% compared with the year before. Overall, imports recorded a deep downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% year-to-year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports stood at a somewhat lower figure.

In value terms, truck and bus tire imports shrank rapidly to $X in 2020. Over the period under review, imports continue to indicate a perceptible downturn. The growth pace was the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, imports attained the peak figure at $X in 2007; however, from 2008 to 2020, imports remained at a lower figure.

Imports by Country

In 2020, Spain (X units) constituted the largest truck and bus tire supplier to Portugal, accounting for a X% share of total imports. Moreover, truck and bus tire imports from Spain exceeded the figures recorded by the second-largest supplier, Romania (X units), sixfold. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual growth rate of volume from Spain amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (+X% per year) and Thailand (+X% per year).

In value terms, Spain ($X) constituted the largest supplier of truck and bus tire to Portugal, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Spain stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+X% per year) and Germany (-X% per year).

Import Prices by Country

The average truck and bus tire import price stood at $X per unit in 2020, picking up by X% against the previous year. Over the period under review, import price indicated mild growth from 2007 to 2020: its price increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, truck and bus tire import price increased by +X% against 2018 indices. The import price peaked at $X per unit in 2014; however, from 2015 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Slovakia, while the prices for the other major suppliers experienced more modest paces of growth.

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), accounting for 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 Portugal?
+
In value terms, Spain ($50M) constituted the largest supplier of truck and bus tire to Portugal, comprising 55% of total imports. The second position in the ranking was occupied by Thailand ($7.1M), with a 7.7% share of total imports. It was followed by Germany, with a 6.8% share.
What are the leading importers of tyres for buses or lorries from Portugal?
+
In value terms, Spain ($7.6M) remains the key foreign market for truck and bus tire exports from Portugal, comprising 56% of total exports. The second position in the ranking was occupied by Morocco ($2.8M), with a 21% share of total exports. It was followed by France, with a 3% share.
What is the average export price for tyres for buses or lorries in Portugal?
+
In 2020, the average truck and bus tire export price amounted to $149 per unit, picking up by 1.5% against the previous year.
What is the average import price for tyres for buses or lorries in Portugal?
+
In 2020, the average truck and bus tire import price amounted to $163 per unit, surging by 34% 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 Portugal. 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:
• Portugal

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Portugal
• 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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