Central Asia: Tyre Market 2024

Tyre Market Size in Central Asia

In 2022, the Central Asian tyre market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a slight slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Tyre Production in Central Asia

In value terms, tyre production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Tyre Exports

Exports in Central Asia

In 2022, shipments abroad of tyres increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tyre exports surged to $X in 2022. In general, exports enjoyed a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Uzbekistan was the major exporting country with an export of about X units, which resulted at X% of total exports. Kazakhstan (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Kyrgyzstan (X%).

Uzbekistan was also the fastest-growing in terms of the tyres exports, with a CAGR of X% from 2012 to 2022. At the same time, Kyrgyzstan (X%) and Kazakhstan (X%) displayed positive paces of growth. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Kyrgyzstan (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest tyre supplier in Central Asia, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kyrgyzstan (X% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the export price figures.

Tyre Imports

Imports in Central Asia

In 2022, overseas purchases of tyres increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, tyre imports skyrocketed to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the near future.

Imports by Country

Uzbekistan represented the major importer of tyres in Central Asia, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. Kazakhstan (X units) held the second position in the ranking, distantly followed by Kyrgyzstan (X units) and Turkmenistan (X units). All these countries together held approx. X% share of total imports. The following importers - Mongolia (X units) and Tajikistan (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to tyre imports into Uzbekistan stood at X%. At the same time, Kyrgyzstan (X%) and Mongolia (X%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. By contrast, Tajikistan (X%) and Turkmenistan (X%) illustrated a downward trend over the same period. Uzbekistan (X p.p.) significantly strengthened its position in terms of the total imports, while Tajikistan, Turkmenistan and Kazakhstan saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported tyres in Central Asia, comprising X% of total imports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total imports. It was followed by Mongolia, with an X% share.

In Kazakhstan, tyre imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Uzbekistan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, approximately equating the previous year. In general, the import price, however, saw a abrupt descent. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mongolia ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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