CIS: Passenger Car Tyre Market 2024

Passenger Car Tyre Market Size in CIS

The CIS passenger car tyre market soared to $X in 2021, surging by 20% against the previous year. Over the period under review, consumption, however, showed a mild setback. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Passenger Car Tyre Production in CIS

In value terms, passenger car tyre production skyrocketed to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Passenger Car Tyre Exports

Exports in CIS

Passenger car tyre exports was estimated at X units in 2021, surging by 8.1% against 2020. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +28.4% against 2019 indices. The growth pace was the most rapid in 2015 when exports increased by 29%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, passenger car tyre exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of 35%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Russia (X units) was the major exporter of tyres for motor cars, generating 85% of total exports. It was distantly followed by Belarus (X units), constituting a 15% share of total exports.

Russia was also the fastest-growing in terms of the tyres for motor cars exports, with a CAGR of +9.0% from 2012 to 2021. At the same time, Belarus (+2.0%) displayed positive paces of growth. From 2012 to 2021, the share of Russia increased by +9.5 percentage points.

In value terms, Russia ($X) remains the largest passenger car tyre supplier in the CIS, comprising 89% of total exports. The second position in the ranking was held by Belarus ($X), with a 10% share of total exports.

In Russia, passenger car tyre exports increased at an average annual rate of +3.9% over the period from 2012-2021.

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, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2019 an increase of 14%. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (-2.9%).

Passenger Car Tyre Imports

Imports in CIS

In 2021, after two years of decline, there was significant growth in purchases abroad of tyres for motor cars, when their volume increased by 11% to X units. Overall, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 23%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, passenger car tyre imports surged to $X in 2021. In general, imports, however, saw a perceptible shrinkage. The growth pace was the most rapid in 2017 when imports increased by 35% against the previous year. 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 major importer of tyres for motor cars in the CIS, with the volume of imports reaching X units, which was approx. 58% of total imports in 2021. Uzbekistan (X units) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (10%) and Belarus (8.2%). Azerbaijan (X units), Armenia (X units) and Moldova (X units) took a little share of total imports.

Imports into Russia decreased at an average annual rate of -2.6% from 2012 to 2021. At the same time, Belarus (+12.7%), Moldova (+9.3%), Armenia (+8.8%), Uzbekistan (+6.5%) and Azerbaijan (+5.5%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of +12.7% from 2012-2021. Kazakhstan experienced a relatively flat trend pattern. While the share of Uzbekistan (+6 p.p.), Belarus (+5.4 p.p.) and Azerbaijan (+1.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (-16.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported tyres for motor cars in the CIS, comprising 61% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 12% share of total imports. It was followed by Belarus, with a 9.6% share.

In Russia, passenger car tyre imports declined by an average annual rate of -6.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-0.6% per year) and Belarus (+10.0% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, picking up by 17% against the previous year. Overall, the import price, however, showed a pronounced downturn. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: 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 Kazakhstan (-1.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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