CIS: Tyre Market 2024

Tyre Market Size in CIS

The CIS tyre market fell modestly to $X in 2022, remaining constant against the previous year. Over the period under review, consumption saw a perceptible setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Tyre Production in CIS

In value terms, tyre production contracted slightly to $X in 2022 estimated in export price. Overall, production showed a deep contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Tyre Exports

Exports in CIS

In 2022, overseas shipments of tyres decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, tyre exports shrank notably to $X in 2022. Over the period under review, exports continue to indicate a pronounced decrease. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Russia was the key exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Belarus (X units), comprising a X% share of total exports. Uzbekistan (X units) held a minor share of total exports.

Russia experienced a relatively flat trend pattern with regard to volume of exports of tyres. At the same time, Uzbekistan (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. Belarus experienced a relatively flat trend pattern. While the share of Uzbekistan (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest tyre supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

In Russia, tyre exports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Uzbekistan (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, which is down by X% against the previous year. In general, the export price saw a noticeable setback. The growth pace was the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Russia ($X per unit), while Uzbekistan ($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 a decline in the export price figures.

Tyre Imports

Imports in CIS

Tyre imports contracted to X units in 2022, reducing by X% compared with 2021 figures. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked at X units in 2021, and then contracted in the following year.

In value terms, tyre imports contracted modestly to $X in 2022. Overall, imports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the main importer of tyres in the CIS, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Uzbekistan (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%), Belarus (X%) and Azerbaijan (X%). The following importers - Kyrgyzstan (X units) and Moldova (X units) - together made up X% of total imports.

Imports into Russia decreased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), Kyrgyzstan (X%), Uzbekistan (X%), Belarus (X%) and Moldova (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. Uzbekistan (X p.p.), Belarus (X p.p.), Azerbaijan (X p.p.) and Kyrgyzstan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Kazakhstan (X% per year) and Uzbekistan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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