Motorcycle Tire Price in Hungary - 2023
Contents:
- Motorcycle Tire Price in Hungary (CIF) - 2023
- Motorcycle Tire Price in Hungary (FOB) - 2023
- Motorcycle Tire Imports in Hungary
- Motorcycle Tire Exports in Hungary
Motorcycle Tire Price in Hungary (CIF) - 2023
In August 2023, the average motorcycle tire import price amounted to $55.3 per unit, picking up by 5.9% against the previous month. Over the period under review, import price indicated measured growth from August 2022 to August 2023: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on August 2023 figures, motorcycle tire import price decreased by -34.5% against June 2023 indices. The pace of growth appeared the most rapid in October 2022 an increase of 76% month-to-month. Over the period under review, average import prices attained the maximum at $84.4 per unit in June 2023; however, from July 2023 to August 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($86.3 per unit), while the price for India ($14.9 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Slovenia (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Motorcycle Tire Price in Hungary (FOB) - 2023
In August 2023, the average motorcycle tire export price amounted to $75.1 per unit, growing by 14% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.8%. 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 external markets. In August 2023, the country with the highest price was Bosnia and Herzegovina ($112 per unit), while the average price for exports to Slovenia ($52.0 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+7.5%), while the prices for the other major destinations experienced more modest paces of growth.
Motorcycle Tire Imports in Hungary
In 2022, imports of new pneumatic tyres for motorcycles into Hungary surged to 204K units, rising by 44% on 2021. Overall, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +5.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +77.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, motorcycle tire imports soared to $7.5M in 2022. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Motorcycle Tire in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 2,339 | 1,999 | 2,493 | 2,416 | 1.1% |
| Slovakia | 141 | 102 | 69.3 | 2,185 | 149.3% |
| Serbia | 716 | 669 | 859 | 774 | 2.6% |
| Poland | 345 | 394 | 434 | 501 | 13.2% |
| Slovenia | 304 | 414 | 400 | 477 | 16.2% |
| Germany | 448 | 314 | 1,593 | 240 | -18.8% |
| China | 173 | 81.9 | 110 | 206 | 6.0% |
| Thailand | 95.2 | 104 | 62.0 | 155 | 17.6% |
| France | 241 | 287 | 8.6 | 146 | -15.4% |
| Vietnam | 85.1 | 65.4 | 71.3 | 103 | 6.6% |
| Others | 365 | 173 | 245 | 262 | -10.5% |
| Total | 5,253 | 4,604 | 6,346 | 7,465 | 12.4% |
Top Suppliers of Motorcycle Tire to Hungary in 2022:
- Spain (38.4K units)
- Slovakia (35.6K units)
- Serbia (32.2K units)
- China (27.9K units)
- Thailand (18.9K units)
- Slovenia (14.9K units)
- Vietnam (13.6K units)
- Poland (10.6K units)
- Germany (4.8K units)
- France (1.8K units)
Motorcycle Tire Exports in Hungary
In 2022, overseas shipments of new pneumatic tyres for motorcycles decreased by -0.9% to 95K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 7% against the previous year. The exports peaked at 96K units in 2021, and then dropped in the following year.
In value terms, motorcycle tire exports reduced dramatically to $3.3M in 2022. Overall, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 14%. As a result, the exports attained the peak of $4.5M, and then fell dramatically in the following year.
| Export of Motorcycle Tire in Hungary (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Czech Republic | 591 | 932 | 1,187 | 1,197 | 26.5% |
| Slovakia | 807 | 282 | 242 | 434 | -18.7% |
| Austria | 1,046 | 1,584 | 1,671 | 373 | -29.1% |
| Romania | 291 | 308 | 357 | 353 | 6.6% |
| Slovenia | 318 | 223 | 280 | 248 | -8.0% |
| Croatia | 281 | 266 | 248 | 240 | -5.1% |
| Serbia | 93.2 | 154 | 144 | 149 | 16.9% |
| Others | 244 | 229 | 401 | 340 | 11.7% |
| Total | 3,673 | 3,978 | 4,528 | 3,334 | -3.2% |
Top Export Markets for Motorcycle Tire from Hungary in 2022:
- Czech Republic (32.9K units)
- Slovakia (13.4K units)
- Austria (10.6K units)
- Croatia (9.7K units)
- Slovenia (9.1K units)
- Romania (7.4K units)
- Serbia (4.8K units)
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