CIS: Passenger Car Market 2024

Passenger Car Market Size in CIS

The CIS passenger car market surged to $X in 2021, increasing by 24% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Passenger Car Production in CIS

In value terms, passenger car production skyrocketed to $X in 2021 estimated in export price. Overall, production continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when the production volume increased by 53%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Passenger Car Exports

Exports in CIS

In 2021, overseas shipments of passenger cars increased by 40% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, passenger car exports soared to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +9.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Russia (X units) represented the main exporter of passenger cars, generating 66% of total exports. Belarus (X units) ranks second in terms of the total exports with a 14% share, followed by Uzbekistan (11%) and Kazakhstan (8%).

Exports from Russia decreased at an average annual rate of -4.2% from 2012 to 2021. At the same time, Kazakhstan (+61.1%) and Belarus (+42.2%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +61.1% from 2012-2021. By contrast, Uzbekistan (-13.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Belarus, Uzbekistan and Kazakhstan increased by +13, +11 and +7.9 percentage points, respectively.

In value terms, Russia ($X) remains the largest passenger car supplier in the CIS, comprising 59% of total exports. The second position in the ranking was taken by Belarus ($X), with an 18% share of total exports. It was followed by Uzbekistan, with a 12% share.

In Russia, passenger car exports expanded at an average annual rate of +3.8% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+36.2% per year) and Uzbekistan (+21.4% per year).

Export Prices by Country

In 2021, the export price in the CIS amounted to $X per unit, rising by 11% against the previous year. Overall, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 50%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+40.6%), while the other leaders experienced more modest paces of growth.

Passenger Car Imports

Imports in CIS

In 2021, the amount of passenger cars imported in the CIS surged to X units, rising by 45% compared with 2020. Over the period under review, imports, however, recorded a abrupt contraction. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, passenger car imports soared to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the key importer of passenger cars in the CIS, with the volume of imports reaching X units, which was approx. 54% of total imports in 2021. Kazakhstan (X units) held the second position in the ranking, followed by Azerbaijan (X units) and Belarus (X units). All these countries together took approx. 33% share of total imports. The following importers - Tajikistan (X units), Uzbekistan (X units) and Moldova (X units) - together made up 10% of total imports.

Imports into Russia decreased at an average annual rate of -12.1% from 2012 to 2021. At the same time, Uzbekistan (+28.8%), Tajikistan (+19.9%), Moldova (+10.2%), Azerbaijan (+6.3%) and Belarus (+5.5%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +28.8% from 2012-2021. Kazakhstan experienced a relatively flat trend pattern. Azerbaijan (+9.6 p.p.), Kazakhstan (+7.7 p.p.), Belarus (+4 p.p.), Uzbekistan (+3.9 p.p.), Tajikistan (+3.6 p.p.) and Moldova (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -28.1% from 2012 to 2021, respectively.

In value terms, Russia ($X) constitutes the largest market for imported passenger cars in the CIS, comprising 61% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 14% share of total imports. It was followed by Belarus, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value in Russia amounted to -9.8%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+4.5% per year) and Belarus (+12.7% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, with an increase of 6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the import price increased by 30% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uzbekistan (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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