Serbia: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Serbia

For the fifth consecutive year, the Serbian retreaded pneumatic tyre market recorded decline in sales value, which decreased by X% to $X in 2023. Overall, consumption recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market remained at a lower figure.

Retreaded Pneumatic Tyre Production in Serbia

In value terms, retreaded pneumatic tyre production soared to $X in 2023 estimated in export price. Over the period under review, production saw a drastic downturn. Retreaded pneumatic tyre production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Serbia

In 2023, shipments abroad of retreaded pneumatic tyres decreased by X% to X units for the first time since 2018, thus ending a four-year rising trend. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. The exports peaked at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre exports fell notably to $X in 2023. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Bosnia and Herzegovina (X units) was the main destination for retreaded pneumatic tyre exports from Serbia, with a X% share of total exports. Moreover, retreaded pneumatic tyre exports to Bosnia and Herzegovina exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Montenegro (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Bosnia and Herzegovina totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (X% per year) and Montenegro (X% per year).

In value terms, the largest markets for retreaded pneumatic tyre exported from Serbia were Sweden ($X), Bosnia and Herzegovina ($X) and Montenegro ($X), together accounting for X% of total exports.

Sweden, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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 2023, the average retreaded pneumatic tyre export price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the export price, however, enjoyed pronounced growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Serbia

In 2023, after two years of growth, there was decline in overseas purchases of retreaded pneumatic tyres, when their volume decreased by X% to X units. Over the period under review, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, imports reached the peak of X units. From 2016 to 2023, the growth of imports remained at a lower figure.

In value terms, retreaded pneumatic tyre imports declined rapidly to $X in 2023. In general, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2022, and then fell notably in the following year.

Imports by Country

Italy (X units), Germany (X units) and Bulgaria (X units) were the main suppliers of retreaded pneumatic tyre imports to Serbia, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bulgaria ($X) constituted the largest supplier of retreaded pneumatic tyres to Serbia, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Belgium, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Bulgaria stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Belgium (X% per year).

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2023, shrinking by X% against the previous year. Overall, the import price, however, showed a strong increase. The most prominent rate of growth was recorded in 2022 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then fell significantly in the following year.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform