Overview of the Market for Agricultural, Construction and Industrial Machinery Tire in Slovakia
In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced slightly to $ in estimated in export prices. In general, production, however, saw strong growth. The pace of growth appeared the most rapid in 2016 with an increase of % against the previous year. Production peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
The size of the market for tyres for agriculture, forestry, construction, industry and other off the road vehicles in Slovakia fell to $ in , with a decrease of -% 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). In general, consumption recorded a mild curtailment. The growth pace was the most rapid in 2018 when the market value increased by % against the previous year. As a result, consumption attained the peak level of $. From 2019 to , the growth of the market failed to regain the momentum.