Hungary - Tyres For Buses Or Lorries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Truck and Bus Tyre in Hungary - 2023
Contents:
- Price for Truck and Bus Tyre in Hungary (FOB) - 2023
- Price for Truck and Bus Tyre in Hungary (CIF) - 2023
- Exports of Truck and Bus Tyre in Hungary
- Imports of Truck and Bus Tyre in Hungary
Price for Truck and Bus Tyre in Hungary (FOB) - 2023
The average truck and bus tyre export price stood at $207 per unit in June 2023, surging by 16% against the previous month. Overall, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was the Netherlands ($308 per unit), while the average price for exports to Turkey ($150 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Truck and Bus Tyre in Hungary (CIF) - 2023
In June 2023, the average truck and bus tyre import price amounted to $185 per unit, which is down by -1.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.4%. The growth pace was the most rapid in April 2023 an increase of 39% m-o-m. Over the period under review, average import prices attained the maximum at $188 per unit in May 2023, and then fell slightly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was France ($371 per unit), while the price for Vietnam ($106 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by France (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Truck and Bus Tyre in Hungary
In 2022, truck and bus tyre exports from Hungary shrank to 2.8M units, reducing by -10.9% on the previous year's figure. Over the period under review, exports continue to indicate a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of 46%. The exports peaked at 6.6M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, truck and bus tyre exports expanded to $275M in 2022. Overall, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure at $403M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Truck and Bus Tyre in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 124 | 24.3 | 39.3 | 41.5 | -30.6% |
| Romania | 23.5 | 21.4 | 25.1 | 35.3 | 14.5% |
| Poland | 17.5 | 5.8 | 24.6 | 22.4 | 8.6% |
| Czech Republic | 36.2 | 16.5 | 19.4 | 20.7 | -17.0% |
| Austria | 29.0 | 22.3 | 29.4 | 19.7 | -12.1% |
| United Kingdom | 21.3 | 6.4 | 19.4 | 15.8 | -9.5% |
| Italy | 16.7 | 5.6 | 11.8 | 14.8 | -3.9% |
| Turkey | 3.2 | 5.3 | 7.8 | 12.7 | 58.3% |
| France | 36.9 | 6.5 | 9.8 | 11.9 | -31.4% |
| Slovakia | 18.4 | 7.2 | 9.3 | 10.7 | -16.5% |
| Belgium | 1.0 | 0.1 | 3.6 | 8.7 | 105.7% |
| Netherlands | 12.8 | 15.8 | 17.1 | 7.3 | -17.1% |
| Spain | 17.2 | 3.9 | 5.9 | 6.1 | -29.2% |
| Others | 45.2 | 28.3 | 45.7 | 47.6 | 1.7% |
| Total | 403 | 169 | 268 | 275 | -12.0% |
Top Export Markets for Truck and Bus Tyre from Hungary in 2022:
- Germany (584.2K units)
- Poland (248.9K units)
- Turkey (234.1K units)
- Romania (221.2K units)
- United Kingdom (176.3K units)
- France (145.6K units)
- Italy (136.1K units)
- Czech Republic (132.4K units)
- Austria (128.4K units)
- Netherlands (114.4K units)
- Belgium (106.6K units)
- Spain (99.8K units)
- Slovakia (71.8K units)
Imports of Truck and Bus Tyre in Hungary
In 2022, supplies from abroad of tyres for buses or lorries decreased by -6.1% to 1.2M units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13%. As a result, imports reached the peak of 1.3M units, and then dropped in the following year.
In value terms, truck and bus tyre imports contracted to $170M in 2022. The total import value increased at an average annual rate of +5.4% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 20% against the previous year. As a result, imports reached the peak of $174M, and then contracted modestly in the following year.
| Import of Truck and Bus Tyre in Hungary (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 37.4 | 36.0 | 41.7 | 45.8 | 7.0% |
| Slovakia | 17.0 | 21.2 | 24.8 | 18.4 | 2.7% |
| Spain | 16.9 | 17.9 | 18.4 | 16.6 | -0.6% |
| Romania | 9.6 | 10.1 | 13.5 | 14.3 | 14.2% |
| Poland | 13.5 | 11.5 | 11.1 | 13.6 | 0.2% |
| France | 14.4 | 10.7 | 13.5 | 12.5 | -4.6% |
| Italy | 6.8 | 5.2 | 7.4 | 6.1 | -3.6% |
| Czech Republic | 5.0 | 5.6 | 10.6 | 6.1 | 6.9% |
| Thailand | 0.7 | 2.4 | 3.1 | 5.4 | 97.6% |
| India | N/A | 0.8 | 2.7 | 4.4 | 134.5% |
| China | 2.6 | 2.8 | 2.7 | 4.3 | 18.3% |
| Turkey | 3.5 | 0.9 | 1.5 | 3.5 | 0.0% |
| Serbia | 3.8 | 3.2 | 2.9 | 2.3 | -15.4% |
| Others | 14.1 | 16.4 | 20.3 | 17.0 | 6.4% |
| Total | 145 | 145 | 174 | 170 | 5.4% |
Top Suppliers of Truck and Bus Tyre to Hungary in 2022:
- Germany (316.0K units)
- Slovakia (159.8K units)
- France (115.0K units)
- Serbia (79.6K units)
- China (79.2K units)
- Poland (77.9K units)
- Romania (74.3K units)
- Spain (50.5K units)
- India (45.9K units)
- Czech Republic (44.6K units)
- Thailand (23.8K units)
- Turkey (20.3K units)
- Italy (18.6K units)
This report provides an in-depth analysis of the market for truck and bus tyre 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 2030.
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
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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