Overview of the Market for Truck and Bus Tire in the European Union
In value terms, truck and bus tire production totaled $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2011 with an increase of % against the previous year. The level of production peaked in and is likely to see steady growth in years to come.
The country with the largest volume of truck and bus tire production was Portugal ( units), accounting for % of total volume. Moreover, truck and bus tire production in Portugal exceeded the figures recorded by the second-largest producer, Slovakia ( units), threefold. Germany ( units) ranked third in terms of total production with a % share.
In Portugal, truck and bus tire production increased at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Slovakia (+% per year) and Germany (-% per year).
The size of the truck and bus tire market in the European Union expanded to $ in , picking up 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 showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2011 when the market value increased by % against the previous year. As a result, consumption reached the peak level of $. From 2012 to , the growth of the market failed to regain the momentum.
From 2007 to , the most notable rate of growth in terms of truck and bus tire consumption, amongst the main consuming countries, was attained by the Czech Republic, while truck and bus tire consumption for the other leaders experienced more modest paces of growth.
In value terms, the largest truck and bus tire markets in the European Union were Germany ($), France ($) and Portugal ($), together accounting for % of the total market. These countries were followed by Poland, Spain, Italy, Belgium, the Czech Republic, the Netherlands, Hungary, Sweden and Romania, which together accounted for a further %.
Among the main consuming countries, Belgium recorded the highest rates of growth with regard to market size, over the period under review, while truck and bus tire market for the other leaders experienced more modest paces of growth.
In , the highest levels of truck and bus tire per capita consumption was registered in Portugal ( units per persons), followed by the Czech Republic ( units per persons), Hungary ( units per persons) and Belgium ( units per persons), while the world average per capita consumption of truck and bus tire was estimated at units per persons.
From 2007 to , the average annual rate of growth in terms of the truck and bus tire per capita consumption in Portugal amounted to +%. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Czech Republic (+% per year) and Hungary (-% per year).