ADVERTISEMENT

Tire sales down in Poland last year

Automotive

Photo by Lens Hitam / Shutterstock.com

Throughout 2020, tire manufacturers and importers in Poland recorded drops in sales to the market reaching an average of 13% in almost all tire segments. Only sales of all-season tires increased by 48.4%, motorcycle tires by 11%, and truck tires by 1.9%. Sales of passenger car tires fell by 14.9% and SUV tire sales by 13.7%.

According to the data of the Polish Tire Industry Association (PZPO), the fourth quarter of 2020 shows a partial rebound in tire sales to the market – the increases were recorded in the segment of motorcycle tires (+45.6%), agricultural tires (+21.2%), and trucks (+19.8%). These trends started in the third quarter and continued until the end of the year – as in Europe – which is confirmed by the data of the European Tire and Rubber Manufacturers Association (ETRMA).

"The automotive industry is a major victim of the pandemic. Huge drops in production and sales, broken supply chains, and periodic production downtime mean losses that cannot be rebuilt quickly. This also translates into tire manufacturers. Hopefully, the slight rebound in the fourth quarter will herald an improvement in 2021. Maintaining jobs was a priority in the tire industry and we hope that this year the pandemic and economic situation will enable the continuation of this assumption and a gradual return to the growth path," Maciej Winiarz, president of the board of PZPO, said.

ADVERTISEMENT

Home construction soars to 11-year high Construction

Home construction soars to 11-year high

Europe perceived as region of greatest opportunities for com... Analysis

Europe perceived as region of greatest opportunities for com...

EU-funded scheme gives 230,000 Hungarians digital skills EU

EU-funded scheme gives 230,000 Hungarians digital skills

Half a million guest nights booked for April Tourism

Half a million guest nights booked for April

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.