CIS: Market for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles 2024

Market Size for Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in CIS

In 2022, after three years of growth, there was significant decline in the CIS market for tyres for agriculture, forestry, construction, industry and other off the road vehicles, when its value decreased by -14.5% to $X. Over the period under review, consumption saw a pronounced reduction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles in CIS

In value terms, production of tyres for agriculture, forestry, construction, industry and other off the road vehicles stood at $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Exports in CIS

In 2022, shipments abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 1% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 45%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of tyres for agriculture, forestry, construction, industry and other off the road vehicles dropped to $X in 2022. In general, exports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 21%. Over the period under review, the exports of tyres for agriculture, forestry, construction, industry and other off road vehicles attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Russia represented the main exporting country with an export of about X units, which finished at 76% of total exports. Kyrgyzstan (X units) took the second position in the ranking, followed by Belarus (X units). All these countries together held near 21% share of total exports. Kazakhstan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to agricultural, construction and industrial machinery tyre exports from Russia stood at +1.5%. At the same time, Kazakhstan (+51.9%) and Kyrgyzstan (+40.2%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +51.9% from 2012-2022. By contrast, Belarus (-14.2%) illustrated a downward trend over the same period. While the share of Russia (+13 p.p.), Kyrgyzstan (+12 p.p.) and Kazakhstan (+3.4 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-28.6 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest agricultural, construction and industrial machinery tyre supplier in the CIS, comprising 70% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 13% share of total exports. It was followed by Belarus, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +1.7%. In the other countries, the average annual rates were as follows: Kazakhstan (+60.9% per year) and Belarus (-22.5% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, with a decrease of -3.4% against the previous year. In general, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2013 when the export price increased by 20% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a 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 Kazakhstan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Imports of Tyres For Agriculture, Forestry, Construction, Industry And Other Off The Road Vehicles

Imports in CIS

After two years of decline, supplies from abroad of tyres for agriculture, forestry, construction, industry and other off the road vehicles increased by 29% to X units in 2022. Total imports indicated a modest increase from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 78%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles reduced slightly to $X in 2022. Total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. Over the period under review, imports of tyres for agriculture, forestry, construction, industry and other off road vehicles reached the peak figure at $X in 2021, and then shrank in the following year.

Imports by Country

Russia dominates vehicles structure, finishing at X units, which was near 67% of total imports in 2022. Kazakhstan (X units) took an 8.2% share (based on physical terms) of total imports, which put it in second place, followed by Moldova (6.1%), Azerbaijan (6.1%) and Uzbekistan (5.5%). Kyrgyzstan (X units) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of imports of tyres for agriculture, forestry, construction, industry and other off the road vehicles. At the same time, Azerbaijan (+16.9%), Moldova (+15.8%) and Kyrgyzstan (+9.3%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +16.9% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. By contrast, Uzbekistan (-6.2%) illustrated a downward trend over the same period. Uzbekistan (+5.5 p.p.), Azerbaijan (+4.6 p.p.), Moldova (+4.5 p.p.) and Kyrgyzstan (+2 p.p.) significantly strengthened its position in terms of the total imports, while Kazakhstan and Russia saw its share reduced by -1.6% and -10% from 2012 to 2022, respectively.

In value terms, Russia ($X) constitutes the largest market for imported tyres for agriculture, forestry, construction, industry and other off the road vehicles in the CIS, comprising 65% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 19% share of total imports. It was followed by Uzbekistan, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (+4.3% per year) and Uzbekistan (+21.1% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, waning by -23.3% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 85% against the previous year. The level of import peaked at $X per unit in 2021, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Moldova ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+29.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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