Central Asia: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in Central Asia

The Central Asian retreaded pneumatic tyre market dropped to $X in 2022, waning by -2.2% against the previous year. In general, consumption showed a pronounced setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Retreaded Pneumatic Tyre Production in Central Asia

In value terms, retreaded pneumatic tyre production shrank to $X in 2022 estimated in export price. Over the period under review, production showed a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 14% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Exports

Exports in Central Asia

In 2022, approx. X units of retreaded pneumatic tyres were exported in Central Asia; reducing by -6.7% on the year before. In general, exports saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 with an increase of 48%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, retreaded pneumatic tyre exports surged to $X in 2022. Overall, exports saw a deep reduction. The pace of growth appeared the most rapid in 2016 when exports increased by 490% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Kazakhstan prevails in exports structure, amounting to X units, which was near 87% of total exports in 2022. It was distantly followed by Tajikistan (X units), comprising a 9.1% share of total exports. Mongolia (X units) followed a long way behind the leaders.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of retreaded pneumatic tyres. Mongolia (-8.8%) and Tajikistan (-17.6%) illustrated a downward trend over the same period. Kazakhstan (+32 p.p.) significantly strengthened its position in terms of the total exports, while Mongolia and Tajikistan saw its share reduced by -2.2% and -30.2% from 2012 to 2022, respectively.

In value terms, Kazakhstan ($X) remains the largest retreaded pneumatic tyre supplier in Central Asia, comprising 88% of total exports. The second position in the ranking was held by Mongolia ($X), with an 11% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Kazakhstan amounted to -11.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Mongolia (-5.2% per year) and Tajikistan (-24.5% per year).

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, surging by 40% against the previous year. Overall, the export price, however, saw a deep slump. The pace of growth was the most pronounced in 2016 when the export price increased by 420%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mongolia (+3.9%), while the other leaders experienced a decline in the export price figures.

Retreaded Pneumatic Tyre Imports

Imports in Central Asia

For the third year in a row, Central Asia recorded decline in supplies from abroad of retreaded pneumatic tyres, which decreased by -3.8% to X units in 2022. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 when imports increased by 5.3% against the previous year. The volume of import 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. Over the period under review, imports continue to indicate a noticeable shrinkage. The growth pace was the most rapid in 2019 when imports increased by 40%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Kazakhstan dominates imports structure, resulting at X units, which was approx. 91% of total imports in 2022. It was distantly followed by Mongolia (X units), generating a 4.8% share of total imports. Tajikistan (X units) took a minor share of total imports.

Kazakhstan was also the fastest-growing in terms of the retreaded pneumatic tyres imports, with a CAGR of -6.8% from 2012 to 2022. Tajikistan (-10.1%) and Mongolia (-14.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kazakhstan increased by +18 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported retreaded pneumatic tyres in Central Asia, comprising 73% of total imports. The second position in the ranking was held by Mongolia ($X), with a 6.5% share of total imports.

In Kazakhstan, retreaded pneumatic tyre imports plunged by an average annual rate of -2.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Mongolia (-7.6% per year) and Tajikistan (+8.6% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, increasing by 2.8% against the previous year. Import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.5% 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 -4.2% against 2019 indices. The growth pace was the most rapid in 2019 when the import price increased by 33% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the import prices remained at a somewhat 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 ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tajikistan (+20.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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