Market for Truck and Bus Tyre in Germany
Market Overview
In 
, the German truck and bus tyre market was finally on the rise to reach $ after three years of decline. Overall, consumption, however, saw a pronounced shrinkage. Truck and bus tyre consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.
In value terms, truck and bus tyre production dropped to $ in estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.
, the German truck and bus tyre market was finally on the rise to reach $ after three years of decline. Overall, consumption, however, saw a pronounced shrinkage. Truck and bus tyre consumption peaked at $ in 2008; however, from 2009 to , consumption failed to regain momentum.In value terms, truck and bus tyre production dropped to $
in estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the production volume increased by %. Over the period under review, production reached the maximum level at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.Consumption
In , consumption of tyres for buses or lorries was finally on the rise to reach units for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a perceptible decline. Over the period under review, consumption reached the maximum volume at units in 2007; however, from 2008 to , consumption failed to regain momentum.
The size of the truck and bus tyre market in Germany soared to $ in , surging 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, however, showed a perceptible setback. Truck and bus tyre consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.
, consumption of tyres for buses or lorries was finally on the rise to reach units for the first time since 2018, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a perceptible decline. Over the period under review, consumption reached the maximum volume at units in 2007; however, from 2008 to , consumption failed to regain momentum.The size of the truck and bus tyre market in Germany soared to $
in , surging 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, however, showed a perceptible setback. Truck and bus tyre consumption peaked at $ in 2008; however, from 2009 to , consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for truck and bus tyre in Germany, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .
In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .
% for the period from to , which is projected to depress the market volume to units by the end of .In value terms, the market is forecast to contract with an anticipated CAGR of -
% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Germany increased significantly over the last fifteen-year period (from % to %). Truck and bus tyre market in Germany consists almost entirely of imported products.
% to %). Truck and bus tyre market in Germany consists almost entirely of imported products.Trade Balance
Germany remains a net importer of truck and bus tyre; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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