Hungary: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2024

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in Hungary

After two years of growth, the Hungarian pneumatic tyre retreading machinery market decreased by X% to $X in 2022. In general, consumption recorded a abrupt contraction. Pneumatic tyre retreading machinery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in Hungary

In value terms, pneumatic tyre retreading machinery production declined remarkably to $X in 2022 estimated in export price. Overall, production faced a sharp downturn. The pace of growth appeared the most rapid in 2019 when the production volume increased by X,500%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports from Hungary

In 2022, the amount of machinery for moulding or retreading pneumatic tyres exported from Hungary was estimated at X units, approximately mirroring 2021. Over the period under review, exports saw a resilient expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, pneumatic tyre retreading machinery exports totaled $X in 2022. Overall, exports saw a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Serbia (X units) was the main destination for pneumatic tyre retreading machinery exports from Hungary, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Serbia was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Serbia was relatively modest.

Export Prices by Country

In 2022, the average pneumatic tyre retreading machinery export price amounted to $X per unit, stabilizing at the previous year. Overall, the export price posted a significant increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Serbia.

From 2012 to 2022, the rate of growth in terms of prices for Romania amounted to X% per year.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports into Hungary

In 2022, the amount of machinery for moulding or retreading pneumatic tyres imported into Hungary dropped slightly to X units, with a decrease of X% against 2021. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery imports plummeted to $X in 2022. Over the period under review, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of pneumatic tyre retreading machinery to Hungary, accounting for a X% share of total imports. Moreover, pneumatic tyre retreading machinery imports from Poland exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. The third position in this ranking was held by the Netherlands (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and the Netherlands (X% per year).

In value terms, Poland ($X) constituted the largest supplier of machinery for moulding or retreading pneumatic tyres to Hungary, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Poland stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Spain (X% per year).

Import Prices by Country

The average pneumatic tyre retreading machinery import price stood at $X per unit in 2022, falling by X% against the previous year. Overall, the import price, however, posted buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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