Central Asia: Passenger Car Tyre Market 2024

Passenger Car Tyre Exports

Exports in Central Asia

In 2021, approx. X units of tyres for motor cars were exported in Central Asia; surging by 91% against the previous year's figure. Over the period under review, exports enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 95% against the previous year. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, passenger car tyre exports soared to $X in 2021. Overall, exports recorded a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Kazakhstan represented the main exporter of tyres for motor cars in Central Asia, with the volume of exports resulting at X units, which was approx. 66% of total exports in 2021. It was distantly followed by Uzbekistan (X units), committing a 30% share of total exports. The following exporters - Kyrgyzstan (X units) and Tajikistan (X units) - each reached a 4.3% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to passenger car tyre exports from Kazakhstan stood at +19.7%. At the same time, Uzbekistan (+82.6%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing exporter exported in Central Asia, with a CAGR of +82.6% from 2012-2021. By contrast, Kyrgyzstan (-7.2%) and Tajikistan (-21.7%) illustrated a downward trend over the same period. While the share of Kazakhstan (+30 p.p.) and Uzbekistan (+29 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Kyrgyzstan (-9.9 p.p.) and Tajikistan (-49.1 p.p.) displayed negative dynamics.

In value terms, Kazakhstan ($X) remains the largest passenger car tyre supplier in Central Asia, comprising 80% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a 16% share of total exports. It was followed by Tajikistan, with a 2.3% share.

From 2012 to 2021, the average annual growth rate of value in Kazakhstan amounted to +18.4%. In the other countries, the average annual rates were as follows: Uzbekistan (+68.2% per year) and Tajikistan (-17.5% per year).

Export Prices by Country

The export price in Central Asia stood at $X per unit in 2021, surging by 10% against the previous year. Overall, the export price, however, saw a mild decrease. The pace of growth was the most pronounced in 2016 when the export price increased by 24% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tajikistan (+5.4%), while the other leaders experienced a decline in the export price figures.

Passenger Car Tyre Imports

Imports in Central Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of tyres for motor cars, when their volume increased by 12% to X units. The total import volume increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 18% against the previous year. The volume of import peaked in 2021 and is expected to retain growth in the immediate term.

In value terms, passenger car tyre imports skyrocketed to $X in 2021. In general, imports saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Uzbekistan (X units) and Kazakhstan (X units) prevails in imports structure, together creating 88% of total imports. Kyrgyzstan (X units) took a 4.6% share (based on physical terms) of total imports, which put it in second place, followed by Turkmenistan (4.5%). Tajikistan (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Uzbekistan (with a CAGR of +6.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest passenger car tyre importing markets in Central Asia were Kazakhstan ($X), Uzbekistan ($X) and Turkmenistan ($X), together comprising 93% of total imports. These countries were followed by Tajikistan and Kyrgyzstan, which together accounted for a further 5.6%.

Tajikistan, with a CAGR of +5.8%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2021, with an increase of 25% against the previous year. In general, the import price, however, showed a pronounced curtailment. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Turkmenistan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkmenistan (+5.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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