CIS: Retreaded Pneumatic Tyre Market 2024

Retreaded Pneumatic Tyre Market Size in CIS

The CIS retreaded pneumatic tyre market fell to $X in 2022, which is down by -4.8% against the previous year. In general, consumption showed a perceptible descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Retreaded Pneumatic Tyre Production in CIS

In value terms, retreaded pneumatic tyre production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when the production volume increased by 21% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Retreaded Pneumatic Tyre Exports

Exports in CIS

In 2022, after two years of decline, there was significant growth in shipments abroad of retreaded pneumatic tyres, when their volume increased by 66% to X units. Overall, exports recorded perceptible growth. The most prominent rate of growth was recorded in 2015 with an increase of 99% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, retreaded pneumatic tyre exports skyrocketed to $X in 2022. Total exports indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus represented the main exporter of retreaded pneumatic tyres in the CIS, with the volume of exports reaching X units, which was near 66% of total exports in 2022. Russia (X units) took the second position in the ranking, distantly followed by Kazakhstan (X units). All these countries together held approx. 31% share of total exports. Azerbaijan (X units) followed a long way behind the leaders.

Exports from Belarus increased at an average annual rate of +4.8% from 2012 to 2022. At the same time, Azerbaijan (+34.8%) and Russia (+17.1%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +34.8% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Russia and Azerbaijan increased by +14 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belarus ($X) remains the largest retreaded pneumatic tyre supplier in the CIS, comprising 65% of total exports. The second position in the ranking was held by Russia ($X), with a 24% share of total exports. It was followed by Kazakhstan, with a 9.8% share.

From 2012 to 2022, the average annual growth rate of value in Belarus amounted to +8.6%. In the other countries, the average annual rates were as follows: Russia (+27.0% per year) and Kazakhstan (-11.1% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, growing by 20% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the export price increased by 106% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+19.9%), while the other leaders experienced more modest paces of growth.

Retreaded Pneumatic Tyre Imports

Imports in CIS

In 2022, imports of retreaded pneumatic tyres in the CIS dropped to X units, with a decrease of -10.5% compared with the previous year. Over the period under review, imports saw a deep contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 14%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, retreaded pneumatic tyre imports dropped markedly to $X in 2022. Overall, imports saw a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by 53%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Kazakhstan was the main importing country with an import of about X units, which accounted for 73% of total imports. Russia (X units) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by Belarus (7%) and Moldova (4.8%). Azerbaijan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to retreaded pneumatic tyre imports into Kazakhstan stood at -6.8%. Belarus experienced a relatively flat trend pattern. Moldova (-5.8%), Azerbaijan (-12.8%) and Russia (-14.2%) illustrated a downward trend over the same period. While the share of Kazakhstan (+16 p.p.) and Belarus (+4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Russia (-8.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) constitutes the largest market for imported retreaded pneumatic tyres in the CIS, comprising 44% of total imports. The second position in the ranking was held by Russia ($X), with a 19% share of total imports. It was followed by Azerbaijan, with a 16% share.

In Kazakhstan, retreaded pneumatic tyre imports shrank by an average annual rate of -2.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Russia (-16.1% per year) and Azerbaijan (+14.9% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, which is down by -13.7% against the previous year. Import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 increased by +82.1% against 2015 indices. The growth pace was the most rapid in 2021 an increase of 35% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

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 Azerbaijan ($X per unit), while Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Azerbaijan (+31.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :