Belarus: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Belarus

The Belarusian retreaded pneumatic tyre market declined slightly to $X in 2022, waning by -2.3% against the previous year. Over the period under review, consumption showed a abrupt slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Retreaded Pneumatic Tyre Production in Belarus

In value terms, retreaded pneumatic tyre production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a deep slump. The pace of growth was the most pronounced in 2014 when the production volume increased by 37%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports from Belarus

For the fourth year in a row, Belarus recorded growth in shipments abroad of retreaded pneumatic tyres, which increased by 104% to X units in 2022. In general, exports showed notable growth. The pace of growth appeared the most rapid in 2017 when exports increased by 194%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, retreaded pneumatic tyre exports surged to $X in 2022. Over the period under review, 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

Russia (X units) was the main destination for retreaded pneumatic tyre exports from Belarus, with a 95% share of total exports. It was followed by Bulgaria (X units), with a 2.6% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+10.4% per year) and Kazakhstan (+26.1% per year).

In value terms, Russia ($X) remains the key foreign market for retreaded pneumatic tyres exports from Belarus, comprising 95% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 3.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to +8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (+46.3% per year) and Bulgaria (+37.1% per year).

Export Prices by Country

In 2022, the average retreaded pneumatic tyre export price amounted to $X per unit, picking up by 36% against the previous year. Overall, the export price showed noticeable growth. The growth pace was the most rapid in 2014 when the average export price increased by 97%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kazakhstan ($X per unit), while the average price for exports to Bulgaria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports into Belarus

After three years of growth, purchases abroad of retreaded pneumatic tyres decreased by -1.7% to X units in 2022. Over the period under review, imports showed a mild descent. The pace of growth appeared the most rapid in 2017 when imports increased by 189%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, retreaded pneumatic tyre imports dropped slightly to $X in 2022. In general, imports, however, showed a slight increase. The growth pace was the most rapid in 2017 with an increase of 249%. Over the period under review, imports attained the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of retreaded pneumatic tyre to Belarus, with a 66% share of total imports. Moreover, retreaded pneumatic tyre imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Russia (X units), fourfold. Poland (X units) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands totaled +82.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+18.6% per year) and Poland (-23.1% per year).

In value terms, the largest retreaded pneumatic tyre suppliers to Belarus were the Netherlands ($X), Russia ($X) and Poland ($X), with a combined 82% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of +51.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average retreaded pneumatic tyre import price stood at $X per unit in 2022, falling by -2.9% against the previous year. Overall, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, retreaded pneumatic tyre import price decreased by -14.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 37%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per unit), while the price for Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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