CIS: Market for Tyres For Buses Or Lorries 2024

Market Size for Tyres For Buses Or Lorries in CIS

In 2022, the CIS truck and bus tyre market decreased by -7.3% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption showed a noticeable decrease. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Tyres For Buses Or Lorries in CIS

In value terms, truck and bus tyre production contracted to $X in 2022 estimated in export price. Over the period under review, production recorded a deep slump. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Tyres For Buses Or Lorries

Exports in CIS

Truck and bus tyre exports dropped slightly to X units in 2022, declining by -3.3% compared with the year before. Over the period under review, exports, however, continue to indicate tangible growth. The growth pace was the most rapid in 2016 when exports increased by 103%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, truck and bus tyre exports declined to $X in 2022. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 104% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia was the largest exporter of tyres for buses or lorries in the CIS, with the volume of exports amounting to X units, which was near 84% of total exports in 2022. 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 buses or lorries exports, with a CAGR of +4.6% from 2012 to 2022. Belarus (-3.3%) illustrated a downward trend over the same period. While the share of Russia (+12 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Belarus (-13 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest truck and bus tyre supplier in the CIS, comprising 76% of total exports. The second position in the ranking was held by Belarus ($X), with a 23% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Russia was relatively modest.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, dropping by -6.8% against the previous year. In general, the export price continues to indicate a perceptible descent. The growth pace was the most rapid in 2021 when the export price increased by 17%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood 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 Belarus ($X per unit), while Russia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+1.4%).

Imports of Tyres For Buses Or Lorries

Imports in CIS

In 2022, the amount of tyres for buses or lorries imported in the CIS expanded slightly to X units, with an increase of 2.1% on 2021. The total import volume increased at an average annual rate of +1.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when imports increased by 67%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, truck and bus tyre imports contracted modestly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 80% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia was the key importer of tyres for buses or lorries in the CIS, with the volume of imports accounting for X units, which was approx. 55% of total imports in 2022. Kazakhstan (X units) took the second position in the ranking, followed by Belarus (X units), Uzbekistan (X units) and Azerbaijan (X units). All these countries together took approx. 36% share of total imports. The following importers - Kyrgyzstan (X units) and Moldova (X units) - together made up 6.5% of total imports.

Imports into Russia decreased at an average annual rate of -1.6% from 2012 to 2022. At the same time, Uzbekistan (+11.8%), Kyrgyzstan (+10.7%), Belarus (+9.7%), Azerbaijan (+7.9%) and Moldova (+3.8%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +11.8% from 2012-2022. Kazakhstan experienced a relatively flat trend pattern. From 2012 to 2022, the share of Uzbekistan, Belarus, Kyrgyzstan and Azerbaijan increased by +8.8, +4.9, +2.5 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported tyres for buses or lorries in the CIS, comprising 55% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with an 18% share of total imports. It was followed by Belarus, with a 10% share.

In Russia, truck and bus tyre imports contracted by an average annual rate of -2.8% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (-0.2% per year) and Belarus (+7.2% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, with a decrease of -2.7% against the previous year. Over the period under review, the import price recorded a slight contraction. The most prominent rate of growth was recorded in 2019 when the import price increased by 18% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, 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 Azerbaijan (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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