Romania: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in Romania

The Romanian truck and bus tyre market rose markedly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the market value increased by X% against the previous year. Truck and bus tyre consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Tyres For Buses Or Lorries in Romania

In value terms, truck and bus tyre production soared to $X in 2022 estimated in export price. Overall, production showed buoyant growth. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Exports of Tyres For Buses Or Lorries

Exports from Romania

In 2022, truck and bus tyre exports from Romania rose to X units, increasing by X% on the year before. Overall, total exports indicated a prominent expansion 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, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, truck and bus tyre exports rose slightly to $X in 2022. Over the period under review, total exports indicated a noticeable 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, exports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and Italy (X units) were the main destinations of truck and bus tyre exports from Romania, together accounting for X% of total exports. Slovakia, Poland, Switzerland, Hungary, Turkey, Belgium, Spain, the Netherlands, the UK and the United States 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, the largest markets for truck and bus tyre exported from Romania were France ($X), Germany ($X) and Italy ($X), with a combined X% share of total exports. Poland, Spain, Hungary, Turkey, the Netherlands, Slovakia, Switzerland, Belgium, the UK and the United States lagged somewhat behind, together comprising a further X%.

Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to 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 2022, the average truck and bus tyre export price amounted to $X per unit, almost unchanged from the previous year. Overall, the export price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Slovakia ($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 Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tyres For Buses Or Lorries

Imports into Romania

In 2022, purchases abroad of tyres for buses or lorries increased by X% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated a tangible expansion 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 2020 indices. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, truck and bus tyre imports stood at $X in 2022. Overall, total imports indicated a notable increase 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 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

Hungary (X units), China (X units) and Turkey (X units) were the main suppliers of truck and bus tyre imports to Romania, together comprising X% of total imports. Slovakia, Serbia, Poland, Thailand, Germany, the Czech Republic, the Netherlands, Spain, South Korea and Luxembourg lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X), Germany ($X) and Slovakia ($X) were the largest truck and bus tyre suppliers to Romania, together comprising X% of total imports. Thailand, Turkey, Poland, China, South Korea, the Netherlands, Luxembourg, Spain, the Czech Republic and Serbia lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Thailand, with a CAGR of X%, 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 truck and bus tyre import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Luxembourg ($X per unit), while the price for Serbia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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