Passenger Car Tire Market Overview in the Czech Republic
In value terms, passenger car tire production reduced to $ in 2019 estimated in export prices. Overall, production showed a mild setback. The most prominent rate of growth was recorded in 2010 with an increase of % y-o-y. Over the period under review, production hit record highs at $ in 2008; however, from 2009 to 2019, production failed to regain the momentum.
The value of the passenger car tire market in the Czech Republic reduced notably to $ in 2019, falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a perceptible downturn. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. As a result, consumption reached the peak level of $. From 2012 to 2019, the growth of the market failed to regain the momentum.