Belarus: Tyre Market 2024

Tyre Market Size in Belarus

For the fourth year in a row, the Belarusian tyre market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, showed a deep contraction. Tyre consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Tyre Production in Belarus

In value terms, tyre production shrank to $X in 2022 estimated in export price. Overall, production recorded a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Tyre Exports

Exports from Belarus

In 2022, approx. X units of tyres were exported from Belarus; waning by X% against the year before. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, tyre exports dropped markedly to $X in 2022. Over the period under review, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for tyre exports from Belarus, with a X% share of total exports. Moreover, tyre exports to Russia exceeded the volume sent to the second major destination, Ukraine (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and the Netherlands (X% per year).

In value terms, Russia ($X) remains the key foreign market for tyres exports from Belarus, comprising X% of total exports. The second position in the ranking was taken by Ukraine ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ukraine (X% per year) and the Netherlands (X% per year).

Export Prices by Country

The average tyre export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price showed a deep setback. The most prominent rate of growth was recorded in 2021 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Moldova ($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 Kazakhstan (X%), while the prices for the other major destinations experienced a decline.

Tyre Imports

Imports into Belarus

Tyre imports into Belarus shrank to X units in 2022, with a decrease of X% compared with the previous year's figure. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, tyre imports reduced rapidly to $X in 2022. Overall, imports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, Russia (X units) constituted the largest supplier of tyre to Belarus, with a X% share of total imports. Moreover, tyre imports from Russia exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Serbia (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Serbia (X% per year).

In value terms, Russia ($X) constituted the largest supplier of tyres to Belarus, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Serbia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Serbia (X% per year).

Import Prices by Country

The average tyre import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price showed a noticeable downturn. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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