Overview of the Market for Truck and Bus Tire in Cyprus
The value of the truck and bus tire market in Cyprus contracted markedly to $ in , waning 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). Overall, consumption showed a abrupt downturn. The most prominent rate of growth was recorded in 2011 when the market value increased by % year-to-year. As a result, consumption attained the peak level of $. from 2012 to , the growth of the market remained at a somewhat lower figure.