Report Update: May 1, 2024

Russian Federation - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights

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Passenger Car Price in Russia - 2022

Passenger Car Price in Russia (CIF) - 2022

In January 2022, the average passenger car import price amounted to $24,809 per unit, with a decrease of -4.6% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 15% month-to-month. The import price peaked at $26,491 per unit in February 2021; afterwards, it flattened through to January 2022.

There were significant differences in the average prices amongst the major supplying countries. In January 2022, the country with the highest price was the UK ($67,357 per unit), while the price for Belarus ($12,083 per unit) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was attained by Belarus (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Passenger Car Price in Russia (FOB) - 2022

The average passenger car export price stood at $11,111 per unit in January 2022, falling by -29.3% against the previous month. Overall, the export price showed a perceptible decrease. The most prominent rate of growth was recorded in August 2021 an increase of 16% month-to-month. Over the period under review, the average export prices hit record highs at $16,871 per unit in January 2021; afterwards, it flattened through to January 2022.

There were significant differences in the average prices for the major external markets. In January 2022, the country with the highest price was Armenia ($28,783 per unit), while the average price for exports to Estonia ($7,883 per unit) was amongst the lowest.

From January 2021 to January 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+0.6%), while the prices for the other major destinations experienced a decline.

Passenger Car Imports in Russia

In 2022, approx. 286K units of passenger cars were imported into Russia; which is down by -15.7% on the year before. Over the period under review, imports faced a deep setback. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Over the period under review, imports hit record highs at 542K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, passenger car imports shrank rapidly to $6.7B in 2022. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 47%. Over the period under review, imports attained the maximum at $10.6B in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Passenger Car in Russia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Japan	2,053	1,300	1,583	-12.2%
Germany	1,475	832	1,499	0.8%
United States	1,120	938	1,225	4.6%
China	304	311	792	61.4%
Slovakia	659	441	529	-10.4%
United Kingdom	586	380	456	-11.8%
Belarus	157	204	400	59.6%
Mexico	197	186	371	37.2%
Hungary	155	138	159	1.3%
Finland	165	48.4	73.6	-33.2%
Others	3,740	649	910	-50.7%
Total	10,611	5,427	7,999	-13.2%

Top Suppliers of Passenger Car to Russia in 2022:

China (77.4K units)
Japan (65.2K units)
Belarus (55.3K units)
Germany (35.2K units)
United States (25.7K units)
Mexico (16.1K units)
Hungary (10.5K units)
Slovakia (10.5K units)
United Kingdom (7.5K units)
Finland (5.8K units)

Passenger Car Exports in Russia

Passenger car exports from Russia dropped to 77K units in 2022, declining by -13.6% compared with 2021. The total export volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, the exports reached the peak of 89K units, and then reduced in the following year.

In value terms, passenger car exports reduced to $1.2B in 2022. Overall, exports continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of 42% against the previous year. The exports peaked at $1.6B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Passenger Car in Russia (Million USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
Kazakhstan	358	370	566	25.7%
Belarus	654	373	439	-18.1%
Uzbekistan	131	51.6	63.1	-30.6%
Azerbaijan	30.4	26.0	56.9	36.8%
Germany	20.3	18.8	49.8	56.6%
Armenia	10.5	25.0	38.5	91.5%
Ukraine	25.2	13.0	22.4	-5.7%
United Arab Emirates	9.3	2.1	20.8	49.6%
Kyrgyzstan	7.1	5.9	17.0	54.7%
Czech Republic	206	4.8	11.0	-76.9%
Latvia	25.2	2.8	5.7	-52.4%
Others	138	93.8	107	-11.9%
Total	1,615	987	1,398	-7.0%

Top Export Markets for Passenger Car from Russia in 2022:

Belarus (38.3K units)
Kazakhstan (29.2K units)
Azerbaijan (5.1K units)
Uzbekistan (3.7K units)
United Arab Emirates (1.9K units)
Armenia (1.7K units)
Germany (1.6K units)
Kyrgyzstan (1.5K units)
Ukraine (1.3K units)
Czech Republic (1.0K units)
Latvia (0.7K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the passenger car market in the Russian Federation. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
Prodcom 29102410 -
Prodcom 29102430 -
Prodcom 29102450 -
Prodcom 29102490 -

Country coverage:

Russia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Russian Federation
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023