CIS: Passenger Car Market 2024

Passenger Car Market Size in CIS

The CIS passenger car market surged to $X in 2023, growing by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2023, consumption failed to regain momentum.

Passenger Car Production in CIS

In value terms, passenger car production contracted modestly to $X in 2023 estimated in export price. Over the period under review, production saw a resilient expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Passenger Car Exports

Exports in CIS

Passenger car exports surged to X units in 2023, picking up by X% against the previous year's figure. Overall, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, passenger car exports soared to $X in 2023. Total exports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2019 indices. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Russia (X units) and Belarus (X units) represented the major exporters of passenger cars in the CIS, together accounting for approx. X% of total exports. Armenia (X units) ranks next in terms of the total exports with a X% share, followed by Kazakhstan (X%) and Kyrgyzstan (X%). Azerbaijan (X units) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Armenia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest passenger car supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Armenia ($X), with a X% share of total exports. It was followed by Kazakhstan, with a X% share.

In Russia, passenger car exports remained relatively stable over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (X% per year) and Kazakhstan (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2023, dropping by X% against the previous year. Overall, the export price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Azerbaijan (X%), while the other leaders experienced more modest paces of growth.

Passenger Car Imports

Imports in CIS

In 2023, the amount of passenger cars imported in the CIS soared to X units, rising by X% against the previous year. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, passenger car imports soared to $X in 2023. In general, imports, however, recorded a mild decline. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Russia dominates imports structure, resulting at X units, which was near X% of total imports in 2023. It was distantly followed by Kyrgyzstan (X units), Belarus (X units), Azerbaijan (X units), Kazakhstan (X units), Uzbekistan (X units) and Armenia (X units), together achieving a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to passenger car imports into Russia stood at X%. At the same time, Uzbekistan (X%), Armenia (X%), Belarus (X%), Kyrgyzstan (X%) and Azerbaijan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2023. Kazakhstan experienced a relatively flat trend pattern. Belarus (X p.p.), Uzbekistan (X p.p.), Kyrgyzstan (X p.p.), Armenia (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported passenger cars in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kyrgyzstan ($X), with an X% share of total imports. It was followed by Kazakhstan, with a X% share.

In Russia, passenger car imports plunged by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2023, the import price in the CIS amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2023, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform