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

Tyre Market Size in Romania

In 2019, the Romanian 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 pace of growth appeared the most rapid in 2018 when the market value increased by X% year-to-year. Tyre consumption peaked at $X in 2010; however, from 2011 to 2019, consumption failed to regain the momentum.

Tyre Production in Romania

In value terms, tyre production rose remarkably to $X in 2019 estimated in export prices. Over the period under review, production, however, showed resilient growth. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Tyre production peaked in 2019 and is expected to retain growth in the immediate term.

Tyre Exports

Exports from Romania

Tyre exports from Romania reduced slightly to X units in 2019, approximately equating the previous year's figure. Overall, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2011 with an increase of X% against the previous year. Over the period under review, exports reached the maximum at X units in 2014; however, from 2015 to 2019, exports failed to regain the momentum.

In value terms, tyre exports totaled $X in 2019. In general, exports, however, saw strong growth. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the near future.

Exports by Country

Germany (X units) was the main destination for tyre exports from Romania, with a X% share of total exports. Moreover, tyre exports to Germany exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was occupied by Italy (X units), with a X% share.

From 2007 to 2019, the average annual growth rate of volume to Germany totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Italy (+X% per year).

In value terms, Germany ($X) remains the key foreign market for tyre exports from Romania, comprising X% of total exports. The second position in the ranking was occupied by France ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2007 to 2019, the average annual growth rate of value to Germany amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+X% per year) and Italy (+X% per year).

Export Prices by Country

In 2019, the average tyre export price amounted to $X per unit, approximately equating the previous year. Over the period under review, export price indicated a temperate 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 2014 indices. The most prominent rate of growth was recorded in 2016 an increase of X% year-to-year. Over the period under review, average export prices attained the peak figure in 2019 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was France ($X per unit), while the average price for exports to Turkey ($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 Slovakia, while the prices for the other major destinations experienced more modest paces of growth.

Tyre Imports

Imports into Romania

In 2019, overseas purchases of tyres increased by X% to X units, rising for the sixth consecutive year after two years of decline. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, tyre imports rose notably to $X in 2019. In general, total imports indicated prominent growth 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 2015 indices. The pace of growth was the most pronounced in 2011 when imports increased by X% against the previous year. Imports peaked in 2019 and are likely to continue growth in years to come.

Imports by Country

Poland (X units), China (X units) and Thailand (X units) were the main suppliers of tyre imports to Romania, together comprising X% of total imports. These countries were followed by Germany, Sri Lanka, Hungary, Belgium, Indonesia, Turkey, the Czech Republic, Serbia and France, which together accounted for a further X 2007 to 2019, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (+X% per year), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Germany ($X) and Hungary ($X) constituted the largest tyre suppliers to Romania, with a combined X% share of total imports. These countries were followed by China, Turkey, the Czech Republic, Indonesia, Belgium, France, Serbia, Thailand and Sri Lanka, which together accounted for a further X terms of the main suppliers, Indonesia recorded 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

In 2019, the average tyre import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 an increase of X% y-o-y. As a result, import price reached the peak level of $X per unit. From 2012 to 2019, the growth in terms of the average import prices remained at a lower figure.

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

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Thailand, 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), together comprising 48% 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?
+
China (1.3B units) remains the largest tyre producing country worldwide, 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 third position in this ranking was occupied by the U.S. (277M units), with a 7.7% share.
What are the leading suppliers of tyres to Romania?
+
In value terms, the largest tyre suppliers to Romania were Poland ($105M), Germany ($63M) and Hungary ($51M), together comprising 36% of total imports. These countries were followed by China, Turkey, the Czech Republic, Indonesia, Belgium, France, Serbia, Thailand and Sri Lanka, which together accounted for a further 36%.
What are the leading importers of tyres from Romania?
+
In value terms, Germany ($398M) remains the key foreign market for tyre exports from Romania, comprising 23% of total exports. The second position in the ranking was occupied by France ($188M), with a 11% share of total exports. It was followed by Italy, with a 8.4% share.
What is the average export price for tyres in Romania?
+
In 2019, the average tyre export price amounted to $55 per unit, standing approx. at the previous year.
What is the average import price for tyres in Romania?
+
In 2019, the average tyre import price amounted to $44 per unit, leveling off at 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 Romania. 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:
• Romania

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